Mark Cuban: What the Fed-Driven Bubble Means for the Financial Establishment

Published on
February 9th, 2021
Duration
50 minutes

Richard Koo: How Excessive Corporate Debt Could Thwart Future Economic Growth


Mark Cuban: What the Fed-Driven Bubble Means for the Financial Establishment

The Interview ·
Featuring Mark Cuban and Raoul Pal

Published on: February 9th, 2021 • Duration: 50 minutes

Famed investor and entrepreneur Mark Cuban, star of Shark Tank, joins Real Vision founder and CEO Raoul Pal to make sense of the changing market structure and the disruption of the financial establishment. Cuban sees tokenization and blockchain bringing more transparency to the financial industry and remains bullish on Bitcoin as a store of value and reserve asset. He also praises stimulus efforts but sees political partisanship as a major risk to fixing the dichotomy between Main Street and Wall Street. Filmed February 3, 2021.

Key Learnings: Cuban follows the HODL ethos of cryptocurrency and shares what’s in his crypto portfolio: BTC, ETH, LTC, AAVE, and more. When it comes to the public markets, he explains why Amazon and Netflix are among the big tech companies with the strongest AI capabilities and they’ve remained two of his biggest holdings for years.

Comments

Transcript

  • JS
    John S.
    26 February 2021 @ 03:50
    Cuban is one of my favorite people.
  • JT
    Joseph T.
    11 February 2021 @ 16:47
    Would make an interesting President
    • BC
      Bill C.
      11 February 2021 @ 17:11
      Me thinks his recent actions have diminished his chances of being president.
    • VA
      Vladimir A.
      25 February 2021 @ 07:40
      Let's please stop with this wanting to elect someone to high office because they're famous. Cuban is a good business man and never saw a mic he didn't like, but please don't make him president.
  • JL
    JAMES L.
    20 February 2021 @ 23:29
    The World Trade Organization says TradeFinex will be the Network of Networks in trade finance ... TradeFinex runs on XinFin Network ... $xdc coin ... please look into and read pdf link below for WTO white paper published on November 1, 2019 .... this is my quote tweet on twitter >>> $XDC #xinfinnetwork #XDCNetwork #HybridBlockchain #tradefinance @XinFin_Official @TradeFinex @atulkhekade @riteshkakkad @XinfinUSA @DCENTwallets @AndreCasterman #DeFi #NFT #IoT #CBDC #EVM #smartcontracts #SWIFT #ISO20022 #WeAreXDC #ETHonSteroids #10000x https://tradefinanceglobal.com/wp-content/uploads/2019/12/BLOCKCHAIN__DLT_IN_TRADE.pdf. https://www.coingecko.com/en/coins/xdc-network
  • RD
    Richard D.
    20 February 2021 @ 06:45
    In Raoul's interview with Felix Zulauf, Felix says that the governments may have waited too long to clamp down on the Bitcoin's of the world and it will be harder now to do so. Somehow I don't quite believe that. When it comes to survival of their interests governments will do anything, sensible, moral, or not. I saw Janet Yellen say that Bitcoin (of course) is being used "illicitly," as have others. That is their "go to" reason for having to "crack down." I hope I am wrong
  • CM
    Conal M.
    18 February 2021 @ 23:38
    I've always had a love and hate perspective of Cuban. Agree with him on a lot, such as wallstreetbets opinions. But also find him crazy regarding politicians he decides to support.
  • RD
    Richard D.
    17 February 2021 @ 19:34
    Mark: The Pols, particular the Dems scoffed at W Bush's minimal effort to allow Social Security to be put into the stock market.
  • SR
    Sangamesh R.
    15 February 2021 @ 04:14
    WAX Blockchain is leading the NFT space.I hope Marc Cuban will launch some IP's on WAX.
  • BC
    Bill C.
    11 February 2021 @ 17:22
    Danielle DiMartino-Booth has hinted strongly, more than once, that governments will likely not sit idly by and allow the likes of crypto to overrun the strength of their own currency(ies). And if I understand correctly, Mark Green hints that participation in crypto, aside from perhaps being strictly speculative bet, pushes further the decrease in value of one's native national currency. With the question implied by his statement, too, will governments allow this? These are interesting points of view that could be discussed if one interviewed the other in a RealVision video.
    • ag
      alan g.
      11 February 2021 @ 21:04
      As a bitcoin holder, this concerns me also and needs addressed.
    • DM
      Don M.
      12 February 2021 @ 19:22
      I hold crypto and am not young. I think the entire "will bitcoin replace the dollar or not" is not he correct discussion. It will not replace the dollar. It will be an adjunct to the dollar with some utility. What's the value of that utility? Who knows.
  • ZM
    Zac M.
    10 February 2021 @ 18:24
    Either Mark didn't know what he was talking about when he said he'd rather have bananas than bitcoin or he doesn't know what he's talking about now. Should you trust someone that talks authoritatively about things they don't understand?
    • DR
      Dale R.
      10 February 2021 @ 23:43
      It sounds like he wishes he never made the comment in the first place but can't admit he's wrong, so he is doubling down on it.
    • PG
      Pat G.
      11 February 2021 @ 04:20
      He’s a professional promoter. Like most of his interviews, I thought he showed charisma and energy but very little depth.
    • MC
      Matthew C.
      12 February 2021 @ 04:02
      Well I have been to places where you could not spend a Bitcoin or a dollar to buy food. When you got hungry enough you would eat anything put in front of you. So understand what he meant.
  • GL
    Gustavo L.
    11 February 2021 @ 22:13
    "It worked"... no it hasn't. He left me behind there perhaps.
  • JF
    Julian F.
    11 February 2021 @ 16:23
    Can’t believe M. Cuban is missing out on The Graph!!! $GRT The Web 3.0 Google of Blockchain!!!!
  • LD
    Luke D.
    9 February 2021 @ 06:06
    So at the end there he was saying it was a mistake to let people listen to art bell?
    • EK
      Emil K.
      11 February 2021 @ 14:39
      It sounded like it if we don't apply context and nuance. But no, it was just an example of how people delight in conspiracies, the unexplained, etc.
  • EK
    Emil K.
    11 February 2021 @ 14:38
    I loved listening to Art Bell! A delightful mixture of X-Files meets The Twilight Zone meets radio. Broadcast late at night too. Awesome fun.
  • JG
    John G.
    10 February 2021 @ 20:57
    Mark Cuban is the first pro sports team owner to strike the US National Anthem from the pre-game lineup. Because why honor a country that gave you everything?
    • KH
      Kerry H.
      11 February 2021 @ 05:42
      One could argue he's protecting the honor by preventing people from using the anthem as an opportunity to protest.
    • JM
      Jim M.
      11 February 2021 @ 12:12
      And one could be wrong postulating that theory. I'll pass on Cuban, thank you.
  • DH
    Declan H.
    11 February 2021 @ 10:47
    This blockchain and tokenisation narratives are so 2017 and getting really old here on RV. Enterprise blockchain projects are failing and being defunded left right and centre, why? Because this tech is designed to be decentralised and work peer to peer and is slower by design to allow consensus between peers. Centralised systems such as securities exchanges or clearing houses do not need to do this. Yes the financial system needs to clean up it's infrastructure in terms of settlement and managing rehypothecation but 'blockchain' isn't the answer. Better to design a centralised system that works
  • AH
    Alex H.
    9 February 2021 @ 22:06
    what is rari? NFTs?
    • AH
      Alex H.
      9 February 2021 @ 22:10
      just re listened and Marc is talking about RARI tokens from Rarible.
    • AH
      Alex H.
      9 February 2021 @ 22:12
      RARI is a marketplace for Non fungible tokens
    • AB
      Alastair B.
      11 February 2021 @ 03:47
      Rarible is a place for mediocre ‘artists’ to sell their crypto themed art to people who think that it will become more valuable because it is technically ‘unique’. But.... the second a large Instagram influencer or musician piles in and uses it to monetise limited edition content, it’s going to explode. How much will people pay to be one of only 100 people on the planet who can access ‘millennial rapper no.45678’s latest album’ - or what about limited access softcore porn of your favourite Instagram influencer? NFTs will catch on like crazy, but buying NFT art now is lucky dip at best
  • AM
    Aden M.
    11 February 2021 @ 03:28
    Love what Mark said at the end... People turn to conspiracies because they are just trying to make sense of how poorly things are run in our political system. I could not agree more.
  • TJ
    Tarpley J.
    11 February 2021 @ 01:42
    One of the best interviews on RV
    • KO
      Kain O.
      11 February 2021 @ 03:22
      totally agree!
  • CW
    Chris W.
    11 February 2021 @ 02:32
    This guy's understanding of section 230 is 100% wrong.
  • CW
    Chris W.
    11 February 2021 @ 02:06
    Maybe soon those COBOL programmers can finally retire
  • DR
    Dale R.
    10 February 2021 @ 23:37
    My head goes to AI. AI is about data accumulation and the use of it. Blockchain and BTC is exactly that. When you look at Jack Mallers and Strike, global trade etc...btc will become the medium of exchange because it becomes the digitized oracle for data.
  • JT
    John T.
    10 February 2021 @ 23:08
    Interesting interview. I love how Mark Cuban gets so many people riled up in the comments.
  • TC
    TT C.
    10 February 2021 @ 21:55
    As Mark and Raoul do not really come from a tech background I think they can be forgiven for not really being precise in their understanding of the Crypto space. However sometimes too much understanding and info inhibits rather than helps the investment process. You can not dispute the fact that both are successful and really that's what matters and good luck to them
  • sc
    sung c.
    9 February 2021 @ 19:53
    Mark Cuban says, "BTC will not be a hedge against other currencies, it's a store of value." Well isn't a "store of value" always in relation to central currency? If not, why even own it instead of the central currency? What I see here is Cuban trying not to admit his mistake in calling "bananas" preferable to Bitcoin (numerous times on CNBC and Bloomberg news), but now that he has changed his opinion, is not willing to admit his error for misdirecting people on the value of Bitcoin. Cuban is a brilliant guy, but like Trump, has tremendous difficulty in admitting when he has made a mistake. He should offer an apology to all the people he steered away from Bitcoin when it was only $6K a few months back. Those little guys missed out on a $40K appreciation. I'm fortunate I wasn't one of them.
    • sc
      sung c.
      9 February 2021 @ 20:10
      P.S. Great video and great content otherwise than my post above. Thank you RV.
    • LS
      Lemony S.
      10 February 2021 @ 01:39
      Never forget that Cuban is a "businessman" which is not far from "politician" when you really get into the nitty gritty.
    • BM
      Brook M.
      10 February 2021 @ 03:36
      Yes, I am glad that I was listening to Raoul about bitcoin six months ago and not Mark Cuban.
    • LS
      Lemony S.
      10 February 2021 @ 21:37
      Cuban is far from brilliant. I am glad for you too, Brook.
  • PP
    PERCY P.
    10 February 2021 @ 21:08
    For the first half of the video, Mark's just sharing his passion and what he experienced in DEFI while a lot of comments are more or less about what he did/said in the past outside of this video. I have no opinion on what he said in the second half of video but my advise is: don't let negative comments and critiques discredit what he said in the first half of the video.
  • SS
    Soo S.
    10 February 2021 @ 19:39
    Mark Cuban, then, do you know realise the power of UBI?
  • JN
    Jack N.
    10 February 2021 @ 17:24
    Not a hedge against FIAT printing, but its a store of value and an asset...?
  • RS
    Robert S.
    10 February 2021 @ 16:41
    Is Mark Cuban cash management in BTC?
  • RM
    Robert M.
    9 February 2021 @ 16:21
    Not sure how people aggregating on Reddit to drive a stock price and the need to move to blockchain have anything to do with each other. Blockchain doesn't stop people from doing the Reddit thing again. It is just a transaction processing system. RV needs to be careful in constantly pushing Raoul's bitcoin agenda all the time as the service becomes more "talking my book" vs market analysis.
    • PD
      Peter D.
      9 February 2021 @ 18:10
      Raoul, or any other presenter here pushing an (explicit) agenda .... Should be contrasted with other services pushing opaque or unclear agendas. Riddle me this: How many CNBC forecasters warned that the market was about to tank by 50% in 2000 and 2007? Think there is no "agenda" keeping bears like Peter Schiff and Harry Dent off the airwaves these days? Check out their advertisers and get back to us. ***** Then you can check out government, financial sector and central bank economic forecasts (none of which in all of history has ever predicted a recession one year in advance). Think there is no hidden agenda? Check out their constituencies and get back to us.
    • RM
      Robert M.
      9 February 2021 @ 19:21
      Well there is a reason I don't watch CNBC or read brokerage reports without a grain of salt. Clearly they are biased (and all writers have biases), particularly to push the market. But there a lot of independent market research services that are not overtly pumping their investment portfolios. For a talk titled "What FED-driven Bubble Means for the Financial Establishment" there was almost no discussion. As soon as Mark got into the Reddit topic, Raoul immediately responds that the answer is block chain, and we all know his large position in digital currencies, taking Mark off on a different track of block chain, though I don't see how block chain fixes the Reddit issue at all. Nor does it have anything to do with Fed Bubbles per the title. Love listening to Cuban, but anytime Raoul is on RV now, the conversation immediately goes to bitcoin. My suggestion is that some of us may tire of that and maybe he should consider leaving that to his crypto videos and not a talk on Fed bubbles. It devalues a subscription service if one things the objective is to promote the service's founder portfolio. Interview went all over the place after that.
    • NE
      Nathan E.
      10 February 2021 @ 06:37
      Go spend some time on Reddit and you'll understand the connection. GME crew is frustrated with the lack of transparency in the financial system and feel very strongly it is rigged against them. In theory blockchain provides the transparency and returns power to the people by decentralizing everything and allowing everyone to have a say in the rules. By that logic, it is not a leap at all. Why do you think crypto assets have been flying as this has been going on? It isn't the only tailwind of course but there is plenty of cross over...again if you really want to know, go to Reddit and read the posts.
    • MR
      Marco R.
      10 February 2021 @ 09:31
      There are currently just two trades that matter in macro: - Digitalization of finance (which is blockchain, crypto and DeFI - the $/Bond trade - and Raoul gave us already the outlook of EM. Both macro trades are well covered by Raoul. I think, Raoul and RV are doing a brilliant job.
    • RM
      Robert M.
      10 February 2021 @ 16:20
      Nathan, maybe you can help me then. Explain how blockchain provides transparency in what stocks are going to go up and down tomorrow. Would love to trade on that info. People aggregating on a message board (Reddit) to mass buy a stock I get, but don't know how using blockchain for stock transactions allows traders or investors to see the money flows in and out of stocks. Or explain how it solves the Reddit issue, which I still haven't seen a post here that does that. And if it did, everyone would look at the data thus eliminating it as an advantage. Plus, thought one of the benefits to blockchain was anonymity not visibility.
  • AH
    Andrew H.
    10 February 2021 @ 15:46
    Debt for consumption will not work. Period.
  • MB
    Marc B.
    10 February 2021 @ 14:49
    Seeing billionaires barely understanding what they're talking about shows how early it still is.
  • DB
    Danielle B.
    10 February 2021 @ 09:58
    Mark is a bit behind on a lot of these issues. Get the impression he is only grasping the surface.
    • WT
      William T.
      10 February 2021 @ 13:36
      There's a difference between getting rich and staying rich. At this point he can take his foot off the gas.
  • MB
    Mark B.
    10 February 2021 @ 08:49
    Great!
  • DD
    David D.
    10 February 2021 @ 05:19
    Mark C Is not terribly bright. After listening to this chat I have confirmed that.
    • SZ
      Sarjan Z.
      10 February 2021 @ 05:37
      Good to know I’m not the only one who feels this way. If I wanted to listen to MC I would watch CNBC not RV I/m/o.
    • SR
      Suds R.
      10 February 2021 @ 08:02
      Why is that? I am genuinely asking. I am still newish here so trying to learn. Is it because of his views on crypto, MMT, or just general investing?
  • NE
    Nathan E.
    10 February 2021 @ 06:41
    I love reading some commenters taking potshots at Cuban to feel like tough guys. If you don't agree with him fine - state your case. But saying he is 'not that smart' or implying he doesn't understand A.I. without any support - when he is a billionaire with a Naismith trophy sitting in the background - is a little ridiculous. It's the digital equivalent of heckling a Hall of Famer from the cheap seats.
  • MS
    Michael S.
    10 February 2021 @ 06:05
    https://bleacherreport.com/articles/2930753-mark-cuban-confirms-mavericks-wont-play-national-anthem-before-home-games "The National Anthem Police in this country are out of control," Cuban tweeted. "If you want to complain, complain to your boss and ask why they don't play the National Anthem every day before you start work." Loving the free speech! I think I'll go buy that throwback Rodman 69 jersey!
  • JP
    John P.
    10 February 2021 @ 06:01
    Confused about why Mark says one of his largest holdings is NFLX and follows that up with AI. As far as I know, NFLX doesn't really have an AI moat of any sort. I wonder why he does have such a large position then.
  • PU
    Peter U.
    9 February 2021 @ 17:39
    Mark's supportive of MMT! What about "I'm a capitalist and I love capitalism"! Perfect example of cognitive dissonance!
    • LS
      Lemony S.
      10 February 2021 @ 01:45
      Wealthy people who don't believe in anything make government and virtue signaling their substitute religion. What's worse is that they aren't even honest about that. Not that honesty was a priority over all their years, in any case ...
    • JP
      John P.
      10 February 2021 @ 05:59
      Wealth in our society is predicated on proximity to the money printer. It's not cognitive dissonance if both statements place you closer.
  • DN
    Douglas N.
    10 February 2021 @ 05:22
    The cliche about silly partisanship and true wisdom residing in pragmatism is an empty cliche. The reason pragmatics doesn't work in politics is because the only people who only care about what works are people who don't have strong value systems or world views, or who already have it made and only care to protect what they have. A significant majority of people care more about what is in their view "right" than what "works".
  • KB
    Kirk B.
    9 February 2021 @ 19:59
    I applaud Mark Cuban's pragmatic support of Universal Basic Income. I believe financial inequality is the most pressing issue facing the United States. Trickle Down Economics has not worked as well as envisioned, whether it has been the Republican vision of facilitating capital investment, or the Democratic vision of federal top-down welfare programs. Much of the funds seem to stick at the top level, benefiting disproportionally, in the first approach, those already wealthy, or benefiting, in the latter approach, members of the bureaucracy administering the programs, while trapping recipients within the constraints of their programs. It would appear to be more democratic and effective to instead deliver funds directly to lower income individuals, allowing them to determine how to utilize it. The results of recent federal stimulus efforts are very revealing. They successfully delivered needed funds, except where the involvement of the federal small business administration and state unemployment agencies screwed up the delivery. Although Universal Basic Income has recently been promoted by Democrats, it is a concept that both sides of the aisle should be able to agree on. It is not a new idea, nor is it socialist. Thomas Paine, one of the nation's founders, proposed in 1796, that revenue collected by the federal government, belonged to the people, and should thus be equitably distributed to them. Milton Friedman in 1962 proposed that every low-income individual should receive a guaranteed annual income without strings attached. Richard Nixon proposed both a Family Assistance Plan, with an annual cash income guarantee, and a Negative Income Tax -- neither was approved by Congress. However, a successful, albeit smaller and more complicated version--the Earned Income Tax Credit--was passed in 1975.
    • CC
      Christopher C.
      9 February 2021 @ 21:22
      It's a dangerous idea. If it's a wrong idea, it will lead to a total meltdown of the world economic system, with runaway inflation and the death of the dollar. There are some ideas which work in theory, when practiced in reality, work nothing like the theory, because there's some human or social psychological factor that hasn't been accounted for.
    • BC
      Bill C.
      9 February 2021 @ 21:25
      The problem with "free" money is that it destroys self-motivation and self-initiative. If anything, it should be paid to people that work in "new" enterprise industries that are being rebuilt. Consider paying welfare going to people that sew clothing - jeans for instance. The entire garment business has been devastated over the past 30 years. Its a "body shop" industry, as Chanos would say - doing more of the work requires more people, "bodies." This is exactly what we need - more basic jobs like this. Make the corporations tax free for a decade. Build build "body shop" businesses. Pay people to work in them. Giving people free cash for doing nothing ruins their lives, their families, extended families, neighborhoods, etc.
    • RM
      Robert M.
      9 February 2021 @ 21:47
      Bill C, I agree with your take on UBI/free money for 2 reasons. First, as is a variation of empirical evidence. How many lottery winners have anything of value left at the end of 5 years? Second, what happens to most - not all - who have no real goal or NEED to produce? Unless there are real change in the direction the world is taking, we will see exacerbating 2 tiers of justice and increasingly there will be 2 castes in the world in the not too distant future. IMHO.
    • TR
      Timothy R.
      9 February 2021 @ 22:32
      Universal basic products is a better idea.. make foundational Maslow's products/services cost price
    • LF
      Liam F.
      9 February 2021 @ 23:18
      How about UBI-employment? Universal basic INFRASTRUCTURE. Pay people to work building the things that we ALL will need in tomorrow's infrastructure.
    • AP
      A P.
      9 February 2021 @ 23:52
      We already have a universal basic income. We just do it in the worst way possible ... with means testing. Means testing has terrible distortionary effects (people on disability never work again, people are incentivized to 'work the system' to stay under benefit threshholds). UBI (when kept appropriately low ... pegged to the poverty rate?) is just more efficient! Here's something to think about. You can't be for: - means testing for stimulus payments (only for those below $75k) - lower taxes (for your income level), and - efficient government. That position is a contradiction in terms. The cleanest, least distortionary, most libertarian way to provide a safety net is through a minimal truly universal basic income.
    • GH
      Glen H.
      10 February 2021 @ 04:30
      And, we don’t have the money for this. Using debt or printing money to hand out checks is nuts. The $1.9T stimulus plan is another $1.9T in debt. China won’t need to overtake us... we’re doing a fine job of wrecking ourselves.
  • AP
    Aneil P.
    10 February 2021 @ 00:30
    At a maturation of the Metcalfe's law, when BTC's finally suck all the monetary energy of the world, it will probably stop going up so much in value because there isn't enough currency to push it higher. It will only go up with respect to however much currencies are printed. In this case, BTC can be used as a currency, esp with the advent of Lightning network, when people can transact in Bitcoins infinitely faster and cheaper, the currency part will come in!
    • LB
      Leslie B.
      10 February 2021 @ 03:22
      Governments will never accept a medium of exchange currency where they cannot control the supply.
  • JA
    Jeff A.
    10 February 2021 @ 00:33
    Hey Mark...There’s always money in the banana stand.
    • NL
      Nikola L.
      10 February 2021 @ 02:02
      and if the shit hits the fan, fiats won't be welcomed but the shiny stuff will save you from starving. yes you may have to blow 1/4 ounce of it to get bunch of bananas but you'll eat.
  • NL
    Nikola L.
    10 February 2021 @ 01:59
    great stuff. thanks
  • MM
    Michael M.
    9 February 2021 @ 13:07
    Surprised about Mark’s view that the stimulus checks are working and considering the possibility of MMT being viable.
    • LS
      Lemony S.
      10 February 2021 @ 01:47
      He went to the John Kerry school of flip flop, it's no surprise.
  • rm
    ryan m.
    9 February 2021 @ 18:39
    Great interview except for Mark thinking stimulus has worked. It has done nothing for the REAL economy. Taking on more debt can be good if that debt is used efficiently. When that debt is not being used to generate an income stream to repay principal and interest, it become a drag on real GDP which is what we have been experiencing since the GFC
    • RM
      Robert M.
      9 February 2021 @ 19:09
      Most studies show that only about 25% of stimulus goes into economy. The rest goes to paying down debt and savings. Not sure where Mark calculates his higher return on investment from stimulus checks. I am all for supporting those unemployed and believe those checks have long term benefits. But sending out checks to everyone else doesn't really feed the economy and adds long term debt that has to be serviced.
    • CL
      Carlos L.
      9 February 2021 @ 19:21
      Yeah it only has kept people from starving. Let them eat cake.
    • LS
      Lemony S.
      10 February 2021 @ 01:43
      Carlos and his family of first order thinkers voted all the way to the standard of living in Venezuela of having to resort to zoo animals for food. He complains about the "rich" not even realizing they left decades before they could let him and his ilk ruin them, too.
  • MH
    Mark H.
    9 February 2021 @ 21:03
    I'm not an expert on this, but ***ranked choice voting*** only works out for the left. In Minnesota, the more conservative Democrats up north got rid of it because it was embarrassing. Maybe, jungle primaries like they have in California are OK.
    • LS
      Lemony S.
      10 February 2021 @ 01:36
      Of course, that's why it was mentioned here.
  • JL
    JAMES L.
    9 February 2021 @ 23:37
    Hybrid Blockchain will be one winner. Banks and fintechs keep their private data private and quick transactions while being transparent on public chain. Corda and Hyperledger and Quorum are examples of a private network. XinFin Hybrid Blockchain (symbol: xdc) is a fork of ethereum only transactions are almost free (less than a penny) ... 2,000 txs per second (sharding will scale to 30,000 tps) and a new block confirmed with finality every 2 seconds so almost instant ... private side is fork of JP Morgan Quorum ... can run whole visa network ... ISO20022 compatible for coming SWIFT banking changes ... big banks and bank consortiums about to onboard (NDA protected through Q1) It can run every Ethereum smart contract right now, so EVM compatible .... selling for less than a penny on Bitfinex and Bitrue right now with more Tier 1 exchanges coming before end of Q1 ... this is the one ... partnerships with R3 and again NDA until revealed.. Andre Casterman is former SWIFT executive advisor https://www.linkedin.com/in/andrecasterman/ ... trillions $$ in trade finance with barriers to entry ... this is real DeFi but with regulations Abu Dhabi Global Market and Singapore https://xinfin.org/ Founder https://www.linkedin.com/in/atul-khekade-9076b36/ developed a blockchain for all SWIFT banks in India while at Monetago ... way back in 2017 ... he began XinFin XDC Network in that same year ... big banks my real vision friends ... one you will know right away going to be publicized before end of Q1 2021
    • DR
      Derrick R.
      10 February 2021 @ 01:27
      <Biden C’mon man dot gif>
  • FP
    Frantz P.
    9 February 2021 @ 20:59
    Great interview, I didn't know he was so deep in to crypto :o)
    • PJ
      Paul J.
      9 February 2021 @ 23:18
      In my opinion, Mark's understanding of crypto is superficial and misinformed. He doesn't understand that a blockchain is simply a database structure. Blockchains are not similar to companies.
  • BC
    Bill C.
    9 February 2021 @ 21:14
    There are a world of bad actors in bitcoin.
    • NI
      Nate I.
      9 February 2021 @ 23:04
      There are a world of bad actors in USD. For that matter, bad actors print the USDs. I'm not a bitcoin fanboy - ultimately I think it fails, but whether or not bad actors use this or that is irrelevant.
  • AK
    Alexander K.
    9 February 2021 @ 22:57
    Absolutely brilliant. Fascinating insight into AI. Maybe a macro topic for further exploration? Well done guys.
  • FM
    Frederick M.
    9 February 2021 @ 22:51
    Mark Cuban for President.
  • JK
    John K.
    9 February 2021 @ 22:40
    Democrats passed a national ranked-choice voting bill through the house already. It is awaitng a vote in the senate but the democrats need a filibuster majority (aka republicans to vote for it ). Marc Cuban I'm sure you told the truth to your knowledge but what you said isn't true.
  • sf
    susan f.
    9 February 2021 @ 22:12
    Best crypto interview RV has done. So much to think about. Thank you.The four these I'd love to see further flushed out in forthcoming interviews are: 1. Top few companies with leading AI vs the rest and how this pans out 2. The future of non fungible tokens/digital assets in serious business models 3. The bottom up stimulus checks ensuring the money goes to where it needs to go rather than top down regulation that is blunt 4. The idea of sovereign wealth funds being shared with citizens via digital wallets. Possibly coupled with CBDCs? 5. That the simplest way to stop the abuse of the social media engines is to make them legally responsible for the content shown when the algos are determining who sees what for the company's profit. I'd love to see an informed debate on this as it sounds easier than it may really be to implement this.
  • RM
    Robert M.
    9 February 2021 @ 21:59
    A federal account? That could end up being like the current plans to prevent any travel without a VAX passport. If you are have an opinion different than the current administration (Republican or democrat), they could label you a domestic terrorist and not debit nor allow withdrawals from that federal account.
  • WM
    Wayne M.
    9 February 2021 @ 21:56
    Great interview! This should be required watching for every young adult 18-24! There are nuggets of future wealth spread throughout...
  • bf
    bill f.
    9 February 2021 @ 19:26
    i still think bitcoin could become the global settlement currency. i mean you cant buy a loaf of bread with a SDR can you?
    • RM
      Robert M.
      9 February 2021 @ 21:49
      You could also (likely) buy it for 1 pre-1964 US dime!
  • JJ
    Jerry J.
    9 February 2021 @ 20:39
    Very reasonable discussion of everything. He's a bit more progressive than I expected.
  • MR
    Marco R.
    9 February 2021 @ 20:05
    My simple take of this: Mark is already playing around with DeFi. This is bullish for Alt-Coins. Rich people have rich friends... more money will enter that space too.
  • bf
    bill f.
    9 February 2021 @ 19:46
    today oil is at 124,302 satoshis ( i think this is correct)
  • JM
    John M.
    9 February 2021 @ 18:53
    I don't think central banks will ever sell gold to buy bitcoin! But central banks might print some more money to buy it! (they know how to do that I think?).
  • LA
    Linda A.
    9 February 2021 @ 18:18
    What are u going to store on bitcoin. If it is a reserve- what is backing its value- other buyers?
    • RM
      Robert M.
      9 February 2021 @ 18:29
      That is the only thing backing it. But then people may say the same about gold and currency. But both of those can be used for transactions to buy real goods. Cuban's argument is that Bitcoin is not a currency. So it can only be converted to another asset. If so, the value of Bitcoin is only based on how much the conversion asset that can purchase real goods may depreciate. If you are willing to pay $80,000 for Bitcoin in the future, then you are assuming your home currency is going to debase by 50% during the timeframe you need to spend it.
  • AS
    Alex S.
    9 February 2021 @ 18:07
    Great convo lads. I was thinking about fake news and tokenisation, how it can potentially change the game. The current format is pay per click, no wonder media outlets create the most outrageous headlines, they get paid due to it. If you have a DLT based system with micropayments, the whole game changes. Journalists will paid based on the length of time that a reader stays out your article. Beautiful!
  • TM
    Tommy M.
    9 February 2021 @ 14:49
    Can we have the transcript, please?
    • AA
      Ahsan A.
      9 February 2021 @ 18:05
      And a printable transcript.
  • WS
    William S.
    9 February 2021 @ 17:03
    If cuban discloses digital assets why not RP? Pro subs enlightenment?
  • sh
    steve h.
    9 February 2021 @ 16:44
    The problem with screwing the big guy. Two things the big guy invests in teachers pensions and alot of the little guys. Second these traders have no clue how to invest in the market, I have seen it so many times. These little traders will get crushed.. No doubt about it.
  • BP
    Brent P.
    9 February 2021 @ 15:14
    Got to give it to Cuban nice job FUDding his own investment. "I've been accumulating for years" Anyone else remember him being a big BTC naysayer before this year?
    • BP
      Brent P.
      9 February 2021 @ 15:29
      Got to say I love his mindset overall. It's very positive.
    • RM
      Robert M.
      9 February 2021 @ 16:38
      Love his explanation of Bitcoin. It has no functional value outside of being a store of value. Not a currency. Yet makes an argument that no one will exchange a banana for a gold bar if you are hungry. Will they give you that banana for a bitcoin? And while gold is rare and has other uses, argues bitcoin's value is that it is rare, but has no other use other than being a reserve asset. And while gold is physically portable, bitcoin relies on access to a digital network along with other traders who are willing to give up currency that can buy bananas to buy your bitcoin from you so you can buy bananas.
  • FA
    Frank A.
    9 February 2021 @ 16:32
    Section 230 is broken...possibly the only thing Republicans and Democrats can agree on. So why is nothing being done? Let's go Mark...lead the charge.
  • JH
    Jeff H.
    9 February 2021 @ 16:29
    Defi bullrush incoming!!!
  • IM
    Indranath M.
    9 February 2021 @ 16:27
    Fascinating interview - thanks RV!
  • DL
    Dan L.
    9 February 2021 @ 16:18
    New York and San Francisco are working? lol Look at results brother. Agreed with just about everything he said in this interview except that.
  • LL
    Ludovico L.
    9 February 2021 @ 12:11
    To Raoul's point on UBI/getting ad companies to pay consumers for their attention - Brave Browser already does this by rewarding users with BAT tokens (holding monetary value) for viewing their ads - great interview by founder on RV btw. This should be adopted more broadly and deeper integration along the "company->marketing->advertising->consumer/user" chain
    • VS
      Viktor S.
      9 February 2021 @ 15:01
      True. They have not registered as a contributor for BAT rewards yet.
  • PB
    Patrick B.
    9 February 2021 @ 12:32
    How is it 'revenge of the nerds' if they all got crushed?
  • MR
    Michael R.
    9 February 2021 @ 12:10
    Enlightening discussion with Mark. Seems he appeared as a banana troll for crypto but all the while was a mega-bull. Good spokesman for the space as he does not mince words.
  • BC
    Ben C.
    9 February 2021 @ 12:09
    Just A1 which is pretty much the epitome of Real Vision.
  • JH
    Johannes H.
    9 February 2021 @ 12:00
    Love the Rodman Jersey in the background :)
  • JA
    J A.
    9 February 2021 @ 11:08
    For what Mark is talking about in the tokenisation section, Hyprr on the Howdoo blockchain - look into it - view the Howdoo twitter page. Skrill new partners not yet announced. Over three years in development and just launching this month. Will be huge - genuine 100x bag potential. You are welcome.
  • TT
    Tokyo T.
    9 February 2021 @ 10:33
    Nothing better than the mind of a successful entrepreneur. They see the future and have a vision without the details or exact plans of how exactly we'll there. They seem to get dud ideas faster than others too. Good interview, thanks.
  • CK
    Chris K.
    9 February 2021 @ 09:19
    Casually has a NBA championship trophy in the background lol
  • WD
    William D.
    9 February 2021 @ 09:08
    Mmm, Mr Cuban totally understands AI. It is extremely hard to do.
  • LK
    Lisa K.
    9 February 2021 @ 08:35
    Loved this interview! Mark's take on AI filter for companies long term strategy is a novel and insightful idea. His thoughts on tokenization of digital you is mindblowing. I can see the younger generation thinking they can earn money this way in perpetuity. Yes, everyone should have a digital asset account, along with registering to vote on block chain instead of voting booths and mail in ballots. America needs to be smarter about doing citizenship. .
  • MS
    Michael S.
    9 February 2021 @ 08:02
    Well done. Interesting content. We are heading towards a universal income. It’s inevitable. There will be two economies universal income/fiat economy and the crypto real economy. It offers a reset and do over for the mess our politicians have created. They will realize this in the near future.
  • CU
    Christian U.
    9 February 2021 @ 07:34
    great video and fantastic questions
  • SO
    Shaun O.
    9 February 2021 @ 07:29
    Amazing
  • CC
    Christopher C.
    9 February 2021 @ 07:18
    Solid interview. I like that Mark has taken the time to put skin in the game with regards to DeFi to understand it. I really think that's a necessary exercise to go through. It starts making lightbulbs go off in your head when you start to actually interact with these services and Mark was able to rattle off quite a few so clearly he's got an innovative mindset.
  • mc
    mark c.
    9 February 2021 @ 07:17
    wow, mike green breaks my brain, but mark dices it up. awesome follow up to his last AI themed interview. sense some higher vision on his crypto views, but will have to unpack his fire hose of themes.
  • LS
    Lam S.
    9 February 2021 @ 07:16
    today I learn that Mark Cuban loves bananas
  • JN
    Jason N.
    9 February 2021 @ 06:46
    How long does it take for subtitles to appear? I usually watch videos at 2x with sub titles to try save time - the only way to get through all the awesome content here!