What is the best way to purchase bitcoin?

the answer isn't Libra, it's Chainlink ($link)

Terrific interview RV team, easily one of the best contributors you've had on - true systems thinker. One thing that I disagree with is the "death" of "old industrials"; they still produce non-consumer equipment that the whole world runs on. Essential equipment that is "hard" in a way that software and data, for all its technical complexity, will never be. Jet engines, petrochemical products, nuclear fuel...all that non-sexy stuff is really hard, really essential and not readily replaced or substituted. I think industrials are being revalued by the market after being run in to the ground for a few decades but I see them coming back into investor "vogue" in the future but in very different forms. What they do is often very hard in ways that people who don't work in the sector can't begin to understand. Hard things are inherently valuable. Or I could be wrong.

Massive intellect !!! brilliant mind !! Please invite him more often !! RV should bring more of such individuals , visionaries able to forecast the role of specific innovations in various industries 10/30 years from now ! ALL TIME , TOP 3 !! E-P-I-C !!

Candy for my mind, thanks

Loved this. Listening to Bill, I reminded that I first really got bitcoin after reading David Graeber's 'Debt: The First 5,000 Years' - a book about the ancient history of money by an anthropologist that doesn't once mention bitcoin; BTC is the ancient past of money. Great interview.

Loved this. Listening to Bill, I reminded that I first really got bitcoin after reading David Graeber's 'Debt: The First 5,000 Years' - a book about the ancient history of money by an anthropologist that doesn't once mention bitcoin; BTC is the ancient past of money. Great interview.

Loved this. Listening to Bill, I reminded that I first really got bitcoin after reading David Graeber's 'Debt: The First 5,000 Years' - a book about the ancient history of money by an anthropologist that doesn't once mention bitcoin; BTC is the ancient past of money. Great interview.

great interview, thanks guys!

Could you guys finally fix that we can listen to the videos while doing other stuff on our phone? Whenever I leave the app the video stops.

Why does nobody ever talk about the fact that most Bitcoin mining/hashrate takes place in China? and in Xinjiang province no less! I guess I am a knucklehead but from 30,000 ft that doesn't look good.

Bill Tai is a Rock Star!! Great interview, thanks Raul!

just great stuff...its added a completely different angle on how is look at companies

Which pill did I just get? Green...?

Fantastic Interview! One of the best interviews to date.

When I was working on my TurboTax, one of the questions that was asked was if I had done any cryptocurrency trades. This made me think that if the government cannot stop Bitcoin peer to peer, then they can tax the hell out of it to make people not want to hold it. So if it goes to 100K-500K, they would want to tax it by 50-80% for example. But I can see how the blockchain technology can be useful for security and a infrastructure for payments / tokens etc. Thoughts on tax to control Bitcoin?

Fantastic interview. Bill explains Bitcoin very clearly and many current developments. One of the most interesting RV interviews to date.

According to oil expert Art Berman's interpretation, oil's value is due to it's ability to store energy in dense amounts, energy of which is turned into productivity which creates value. Using this framework then, as we exit an industrial age into a digital age, where energy is more needed in the form of electricity specifically, oil's value decreases as it's capacity to turn energy into electricity is not as efficient as it was in previous industrial uses, and as well comes with incredible environmental downside. Which begs the question, what's the next big commodity that'll most efficiently produce electricity and hence maximise productivity and value in the modern world? In my limited knowledge, it looks as though it is Uranium, which is the most efficient of our electricity producers, and amongst the cleanest as well. Interestingly enough, Uranium is primed for an eventual bull market as well from it's cyclicallity and recent decade long bear market. Electricity demand will not go down in the coming century, as our productivity has increasingly moved into the digital world. 14% of world electricity is nuclear. 75% of France's electric supply comes from nuclear. 20% of the USA's comes from nuclear. I'm speculating here but Uranium and nuclear appears to sit at the modern day intersection of environmentalism, electrification, digitisation, rising cold war sentiments, and a secular bull market.

Absolutely AWSOME. Though id suggest the ultimate asset is the intelectual dollar. And this guy trades among the highest. I loved his explanations as to the inevitability of massive change; however just think of how hard the entrenched interests of today will fight.

Absolutely amazing chat. Definitely bring Bill back!

Wow

This talk was so good and such a good explanation of why Bitcoin (BTC) is a game changer that it should be available for free. C'mon Raoul, get it out of the paywall so everyone can hear this is the age of BTC.

Brilliant and with so much to explore further. Thank you for this probably the best ever from the bidinning

Fantastic interview... please... more!!!

Guys, what an interview!!! Blew my mind.

All the supply chain stuff he is talking about including tracking every unit and making sure products are sourced from vendors who follow sustainable practices are being worked on at Amazon. Look up Amazon Transparency!

Raoul great interview! Bill is awesome.! I recommend a New audible book Kings of Crypto, about founding of coinbase and its future. It will definitely help you learn more about Crypto!

Best interview ever

Absolutely brilliant discussion. Thank you Bill, Raoul and RV. I'm imbued with a new sense of hope and excitement all of a sudden.

Just started watching. This guy is legit already! 😁

Could RealVision put Bill Tai's Twitter account up in the describtion? I want to follow him

Wow, listened to this whilst running. It gave me so much information and energy I was running a node.

Wow, totally new concepts ive not heard of anywhere else. Brilliant discussion, thanks to Bill and the RV team!

The e-dollar.

Just a quick suggestion: could the videos stick to a split-screen format and not jump back and forth between the speakers. I’m more interested in seeing what the listener thinks hearing the idea than the speaker delivering it. Like when Bill asks Raoul about what he’d rather.. oil or electricity? And we don’t get to watch Raoul’s lightbulb moment. Please stop single screening key moments in the interview and let’s us see both sides of the conversation. It’s like seeing only one friend in a 3-way conversation. So unless Raoul is picking his nose or has a bored affect please show both sides the entire conversation. Raoul, you as a visual person should totally get this. Thanks:)

Before everyone wets their pants about tokenizing everything: Remember that every blockchain need to be secure (ie it needs to be difficult to manipulate it's state) and that the only known way of achieving this (today) is through mining. This is why Bitcoin consumes so much energy. And this in turn is why it makes more sense to have very few, very secure blockchains upon which other things can be built. So a separate blockchain for tokenized sports stars could be a bad idea if nefarious actors are able to hack it. Terrific interview though!

Fascinating

One of the best videos I've seen here. Bitcoin (BTC) is truly a super disruptive game changer for the next decade. Just be careful not to confuse it with the scams going around (blockchain pipe dreams like Ethereum or other similar nonsense). This is 1990. BTC is TCP/IP. Bet on the base layer, because none of the current alternatives will win if the btc base layer fails.

Bill Tai knows his stuff, and we've both hung out with Philip Rosedale. Cool. Shame he doesn't get how ETH is pivoting to disaster, but generally he got most of it right. Interesting that he got involved in Bitcoin just a bit before I did. Nice. Also funny how he says Linden Dollars were a closed system. They weren't, if you knew where to go. But that exchange closed down, so that's no longer possible. Was fun while it lasted.

Bill is such a nice guy that he let Raul take some of the credit for the "electrodollar." I am quite sure he had it quite developed in his mind before this interview. But maybe he hadn't coined the term yet? No matter....this was one of the best interviews ever on RV. Thank you!

Everything that was mentioned here about communities, digital economies with their own currencies, is the future. It's the reason I'm invested in HIVE.

This is one of the best things I’ve seen on Real Vision. It reminded me a bit of Niall Ferguson’s The Ascent of Money documentary series that came out just after the GFC. I bet Bill Tai could make a great doc for Real Vision about the ascent of digital money because he’s such a gifted communicator with deep personal experience and knowledge.

Obvious a bright person and remarkably successful. Some interesting general anecdotes but I didn’t get any particularly useful investment perspectives beyond “info tech “.

Really incredible discussion. Thank you Raoul and RV. Bill, thank you for explaining things in a way that a non-technologist can understand. That is very much appreciated in this wide ranging conversation. I will watch again to extract additional nuggets of wisdom/information.

Excellent, high quality interview - thank you Bill and Raoul.

Enlightening vision of the future from a brilliant mind. Would look forward to hearing from Bill again.

Excellent!! A conversation between Mr. Tai and Josh Wolfe of Lux Capital or Dan Morehead of Pantera Capital would be amazing!!

Blown away, especially the second half. Hope to see these two exchange thoughts more often!

This was one of the best interviews on RV by far. It looks at crypto from a whole other perspective but still confirms the bullish thesis. Bill should be back on for sure

There is a financial community using their token right now. Its call LeoFinance with a token called LEO. They built their own economy...they are about 1000 now.

I finally GET bitcoin. Thank you Bill and Raoul. WOW, what a very short hour!

Amazing! One of the most inspiring

+100

Exceptional

When is the Crypto platform coming :D

I know Bill from kitesurfing in WA but I have never had the opportunity to hear his story and views in this way before...great interview and much food for thought.

So sad when you are introduced to such intelligent forward imaginative thinkers like this and lots of others we have met here. Then you think about what we are stuck with for politicians and leaders.

Loved this

I still have concerns about the long term viability of Bitcoin as a currency or store of value. Bitcoin wealth seems to be concentrated in a few whales (much more so than fiat) who seem to be able to manipulate the market up and down and skim profits from retail investors - Satoshi himself seems to own over 1 million BTC. With fiat currency the possibility of taxation and redistribution means it is more acceptable in a democracy. Therefore, I am not sure if Bitcoin will gain wide enough adoption to push prices up to $1000000/BTC

I'm not sure Bill understands the terminology "Petro Dollar"

Great interview and insight into the possible future. Giving Bill Tai and others who have been interviewed the freedom and time to chat like they are with a group of friends sitting down for coffee or tea is wonderful and productive. Hope that Bill Tai comes back for another session.

That was great!

Great interview. Lots of food for thought. This guy clearly is on a much higher plain than I am with respect to the digital world. May have to go back and watch it again to pick up a little more. In the interim, anyone have a suggestion for some content (level 101) with respect to tokenization? many thanks.

Should have had bill on during crypto week(s) ...on repeat !

It is rare TWO hyper-articulate, deep-thinkers get together and pick each other’s brains while we peek into them discussing highly relevant/current event topics. Spectacularly good Raoul and Bill! I am 51 and have started a couple of businesses that built nice value ...but when I grow up... I want to be just like Bill Tai. Wow!

Amazing interview on how he frames different industries and bitcoin. We need to have him on again!!

I like how he says "YOU HUMANS" ( at min 47 ). I thought he is from another planet. Great interview !!

Wow, really outstanding conversation. Would love to see Mr. Tai on RV again.

I am absolutely smarter now than 69 minutes ago. Mind blown.

Fascinating interview!!!

Such a great interview!!!!!

Outstanding interview...worth watching again. @Raoul, with your interest in the intersection of the financial world and blockchain technology, you should contact Gilbert Verdian who is CEO and founder of Quant Network. This is a crypto company that is initially focusing on financial markets and Gil has a very strong background in both finance and security (check his LinkedIn bio). I believe you would find a lot of common interests based on the latter part of this interview, and he might make an interesting guest for RV.

What a great interview, we are fortunate to be witnessing first hand this massive realignment of the globe and nation states as hypothesized in Kondratievs winter, the fragmentation of globalisation into clustered economic blocks would also be further enabled by cryptos However there is going to be a epic battles between nation states with their own digital currency ambitions and the new world of non-geographic communities around the primary or reserve currency. I can easily see an attempted ban on Bitcoin as a store of value much like the 1933 FDR ban on hoarding gold, to try and eliminate competition to the nation states preferred currency. For me a key elements(and opportunity) are the next layer of digital use cases built on the top of blockchains like Ethereum, the current first generation DEFI paradigm by example but going hand in hand with that also the privacy tokens such as Monero , Zcash, Zcoin which will be required for communities to avoid the prying eyes of nation states

Wow -- true genius at work. What a great talk. Fascinating listening to Bill -- he has the power of vision, and really describes an interesting framework for crypto in the future.

Simply Fantastic:-)

We need the guys and girls with background from both tech and finance/economics to paint the pictures that can help general public understand crypto / blockchain etc. I absolutely loved it. Brilliant.

Fascinating discussion. TY

Really good interview but Bill never said "I dont know that" .. It loks like he knows everything from semiconductor design to currencies and central banks etc :)

I wish that some day RV would become an actual TV channel, not just a show!!!

Interesting, Technical stuff a bit difficult for me to follow, but big picture very good.

One of the best discussions ever. Awesome

Petrodollar vs. Electrodollar 🤯 Great great interview

It would be interesting to have a live discussion between Mr.Tai, Raoul Pal and Nouriel Roubini. The latter has said on numerous interviews that: [1] Bitcoin is not a currency, let alone a even a storage of value due to wild value fluctuations. [2] No killer app exists in blockchain after 10 years: Cryptokitties LOL [3] Cryptocurrencies are a new type of bubble and most are going to zero, except bitcoin which has collectible value. [4] The future is Fintech e.g. digital payment systems like AliPay, WeChat etc

Excellent discussion!!!

Top 5 interview of all time on RV.

Great interview. I would like to hear Bill’s opinion on the risks of quantum computing for Bitcoin. It’s the genesis blockchain with old “granular” tech and it is decentralized... so no easy upgrades for old (public) addresses

Well that blew me away...

Almost been here since the start of RVTV and this is one of the best interviews to date IMO. Will watch again and possibly again.

Wonderful. Would love to see Kiril S interview Ray Dalio, and also Paul Tudor Jones!

Really enjoyed that. Hope one of you one day get coined for the term Electrodollar!!

P.S RealVision should interview more smart tech people like Bill Tai

I don't understand how you can have Richard Werner on a few days ago and half the crowd is saying "best interview" ever and then Bill today and saying "best interview ever". Tokenisation = Securitisation = Financialisation = Debt (ie borrowing from the future). I don't see how finding more ways to securitise future income streams (whether productive investments or not) is something to be celebrated because it uses a new technology. If people liked both interviews on this point ... why are they both the best interviews ever when they conflict with each other on a key point? (I get if people liked it for different reasons but this point is jarring)

Is there a bitcoin ETF?

Great interview. Really enjoyed this perspective. When it feels like Raoul is just as curious and fascinated as we are you know it’s a great interview.

Brilliant interview and such a different thought process and perspective. Need more such interviews, its such a fresh view.

Bitcoin is fucking remarkable!

Wow! Where did you find this guy?. One of the best interviews in my 4 yrs at RV. Is he really as old as he claims? Many guest are easily heard on many other sites (usually free) but Bill is a real find.

Great Guest...Thanks Guys

My favourite interview on RV by far, just brilliant. Thanks Raoul!

A true polymath who is able to explain complexity to the layman. Unlike so many other guests, he is not front running his book

Great interview !!! Thanks real vision and Bill. Is Bill Tai have written some book(s) ?

I really enjoyed this interview, Bill Tai was so much better than the previous interview with Michael Novogratz regarding the token economy. Raoul it's great to hear you mention "The Internet of Value" (IOV), the change from what was "The Internet of Things" (IOT) to what the future will be - IOV. If you have Bill Tai again please ask the following "Interoperability" and "Proof Of Stake" both of these are worth mentioning and important to creating the layer of IOV.

Great interview. I would love to see an interview/ video that focuses directly on the topic of nation-state digital currencies. Many of the questions that are touched on in various videos but I think it warrants its own session. Using the USD as the example suggested topics include: What would change if we replaced a fiat "paper" currency with digital currency? How would any of the current problems be solved with digital currency? Would we have the same monetary structure, with a Treasury, Central Bank, and Commercial Banks? Would we still get currency debasement with QE1,2,3,4,5...? What would happen to the debt owed by the Government, domestic companies & households, overseas-based companies, and households? How does it deal with the problem of unsustainable indebtedness? Would the digital USD still represent the world reserve currency? If not how would that unwind? Also, to balance perspectives, it may be helpful to hear the big picture from a geopolitical strategist such as Peter Zeihan. I have watched some of his interviews on YouTube and he presents a contrary view on China etc.

seriously cool interview...Bill blew my mind. Raoul - you looked pretty chuffed with yourself coining the phrase 'Electrodollar" ;)

seriously cool interview...Bill blew my mind. Raoul - you looked pretty chuffed with yourself coining the phrase 'Electrodollar" ;)

Best interview of the year

Brilliant. A privilege to listen to this conversation. So many amazing insights and (essential) information from two greats. Thanks Raoul and Bill.

Aside his amazing insight and experience, he has a fantastic ability to explain things very clearly - a very skilled communicator.

That bit about oil vs electrons blew my mind. It really feels like we re at the end of an epoch, and that the world will look very differently 10 years from now.

a great value of these tokens is for decentralized value add (think non-profit power company as an example) where you can see where all the money comes in from, where it goes within the entity, where it flows out, all verified with read only access

This was awesome to listen to! Very conceptual, with some history, as well as an interesting 'vision'. !! My question would be: If we get the feared 'doom loop' of deflation to play out as Raoul has clearly explained, do we see technology STAGNATION as people fear change more than ever (F** the government=bartering and exchanging goods/services) OR do we see technology EXPLOSION as it gets mandated by a central government who can now monitor every single cent transferred (ie digital currencies and AI) ? Thanks Again for helping me to 'see' and maybe even 'understand' how greater minds think!! God Bless and stay safe !! BT

Want to boost your economy? Welcome the young and talented people from Hong Kong and Taiwan with open arms. They are some of the most entrepreneurial, hard working and gifted people on the planet.

Wow! Thanks so much for this interview. I learned so much. I'll have to watch is a second time. Amazing stuff.

Ethereum is built to disrupt the banks. Bitcoin to disrupt the central bank.

The search has an end ladies and gentlemen : Satoshi Nakamoto !

Great interview

Most governments will have their own digital currency. This is digitizing that which exists. Non-government digital currencies are not allowed in China. Western countries will follow China first by digitizing and then trying to outlaw digital currencies. Western governments will use banking regulations, tax laws and making sure all accounts have a legitimate tax number to suppress Bitcoin and the like. This will backfire as Bitcoin will become more and more legitimate. Blockchain itself will be used everywhere. Eventually western central banks will be folded into the executive branch of their governments. The Swift system of payments will die a natural death. 50/50. DLS

One of my favorite interviews so far. I promptly followed Bill on Twitter and hope that you guys have him back soon. He's very engaging in the way he describes and expresses his ideas; very thought provoking. I feel smarter now just after listening to this guy for one hour. :)

Holy smokes, bill is a genius. One of my favorite conversations ever. Extremely insightful and provide an easy way to understand technical language. I used to live in SF and always enjoyed speaking with the old Silicon Valley money guys. The new silicon is a bit more arrogant. Would enjoy more people like bill on the show. But think he is one of a kind. Solidified my confidence in bitcoin and alt coins. This is the future. The capital structure needs to change. It will take time we are so early!

I don't understand why RV don't addresses the fundamental issue with bitcoin, that is, that it is not fungible because it's transparent. If it's not fungible, it's not money. If it's transparent, it's an instrument of oppression.

Wow. New subscriber here - that was a top 10 watch for me. Really enjoyed that Bill could approach topics like content and tech... and then tie into finance... great watch.

This is the type of content the makes Real Vision special. This opened up of larger world of understand for me. Thanks!

https://www.youtube.com/watch?v=SFbKU6U7ER8 Oil and coal will go much higher until we finally come back around to nuclear, the green energy movement will never supply the energy we need to power this digital age that is coming at warp speed !! It might even kill us first, please watch. Bitcoin will be the best fixed reference point for all currencies. It is TRUTH in a world lacking TRUTH I love this conversation but think that BTC gets to 5 Trillion very quick..........

as i type this bitcoin is moving up through the $10,000 - $10,500 key resistance. we have been waiting a while for this move. its significant. we may crash down again but then woosh off we go . . . . . . im expecting huge bitcoin bull market lasting from now till end 2021. but who knows?

Amazing unterview! It would be great if Real Vision went more in detail into the digital world so that we can learn in the early stage

This was a tremendous interview and discussion. The concept of 'electrodollar' -as developed specifically through this conversation, is a breakthrough conceptualization! This moved me to a new place. Thank you!

Great content as usual real vision. What a great communicator. Keep sourcing such quality content and individuals Raoul and thank you for letting your guests speak at length without interruption.

Baill Tai is absolutely amazing at putting things in historical perspective, and laying out clearly the essential components of what I thought I was familiar with. On history of money, reminiscent of J.K Galbraith's "Money whence it came, where it went" https://monneta.org/en/money-whence-it-came-where-it-went/ On a currency being a store of value for a community with a shared objective: Finn Burton "Digital Cash. The unknown history of the anarchists, utopians and technologists who created cryptocurrency", Princeton University Press.

Fascinating guest, terrific interview.

Great interview. Mr. Pal does a great job of letting the guest speak because he is always testing his own positions. Mr. Pal does state his position succinctly but does not debate with the guest. He is driven by curiosity and not handcuffed by tribalism. That is why he could interview Mr. Clark and Mr. Tai so successfully back to back – curiosity is the key. Mr. Bennington also grounds his interviews with facts and/or background not yet discussed without interfering with the flow. Thanks for two great interviews in a row. DLS

Fantastic! What is he invested in, always interesting to get some clear investment guiding, if possible✅

Ben Horowitz from Andreesen Horowitz next please. Ben's book The Hard Things about Hard Things is one of the greatest books ever written.

Amazing! This is the best interview I've seen on RV - or anywhere. Well done Raoul for creating such a great product and finding amazing thinkers like Bill Tay!

really enjoyed this interview! Bill speaks so clearly. I had no idea he was old enough to have been working in the 80s! More like this please!

This was top of the world!!! Thanks

My God! What a mind-expanding and inspiring interview! Thank you RP for all this great content. This talk with Bill Tai was powerful. Very motivating and edifying.

Thank you for coming up with this interview that is of extraordinary quality! Try to find and motivate Satoshi Nakamoto and persuade him to have a go with Bill on RV live.

Wow, have Bill back again please

Electrodollar!

Bill was amazing, the way his mind is wired is a treasure trove of information....lots to digest and process but i feel my subscription to RV is worth every penny because of interviews like this

Amazing Interview!

Edison and Ford both wanted an ElectroDollar. https://www.jstor.org/stable/1172124 https://energybackedmoney.com/chapter5.html

Just terrific interview. One trait of an 'expert' is clear explanation and the ability to distill complex into simple, such as the three things an investor needs to get right: 1) Market, 2) Management, and 3) Capital. Great discussion, Raoul.

Paradigm changing impact on my thought process regarding currencies and physical assets.

Fascinating perspective; would like to hear more from Mr Tai in future.

I just got the feeling that I'll need to watch this interview 10x to capture all the ideas discussed. Tks

Lots of hot air and sorry to say Bill has a very poor understand of technology incl crypto. Some good questions by Raoul and only one or two interesting points

AMAZING...thanks!

Energy dollars or energy currency backed by electricity has been conceptualized by Thomas Edison, Henry Ford and Buckminster Fuller.

I am a believer of crypto but I would never invest on anything that FakeBook is involved in. Investing directly on Bitcoin is a no brainer.

That was exceptional; even by RV's lofty standards. Thank you so much.

This is exactly why I became a RealVision subscriber and will continue to be!!!! "Out of the Park."

Amazing interview very informative and beautiful way of thinking. One small issue, oil is always misunderstood and one fact is that it is the cheapest way and source of energy hence, electrons! I suggest interviewing the controversial Art Berman to talk about oil to get this subject beyond us!

amazing interview.

Ditto comments of Steve S below - bring him back - perhaps as a interviewer of his network

Wow. Raoul and Bill, you hit it out of the park!! Thank you.

Phenomenal interview.