It's funny when he says ranchers get it. Of all of my friends that I've tried explaining bitcoin too over the years; accountants, biologists, teachers, etc., the only one of my friends who got it was my farmer buddy.
Great episode Saif, I really enjoy Matt's POV and you did a good job of getting him to rant passionately about some important topics, like privacy, freedom and wealth.
Good episode. I would listen nearly all the videos you post Saif, if the sound quality of your mic or system is better/higher/clearer. Please consider that, ex: Lex's podcast audio system.
While I agree that most people shouldn't be "trading", just stay humble and stack sats... I'm starting to think that long-term hodlers can serve Bitcoin better by being willing to distribute a portion of their stack each cycle. Maybe sell up to 30% during a raging bull market, and buy back in after the next crash. It's a win-win if you can absorb some volatility and get paid for it. And move more coins into diamond hands.
Trade offs are an imperative of physics. They exist in all facets of life. I think BIP 300 & 301 is a tradeoff that is a way for bitcoin to reach its potential.
Great podcast. Interesting discussion about wallets and notes that Ledger was not mentioned. I purchased a ledger Nano x due to its Mac connectivity and high recommendation. HOWEVER the unit was defective and wonder if this happens a lot.
How can you keep your Bitcoin private and secure and at the same time prove you haven't stole it ? I guess states will soon require some kind of proof otherwise they would automatically consider such bitcoin illegal.
The problem with privacy/anonymity of Bitcoin is that you won't be able to spend it without revealing your identity. Furthermoe, my friend scares me that no one will soon accept Bitcoin without a "story" i.e. without some KYC info attached to it. I am really worried the states will ensure that Bitcoin will be unusable without being held by the balls and heavily taxed :'-(
in these scenarios they are describing, the organic need for bitcoin becomes so great because it's the only hard money. people will take it because they need it. perhaps in the short term you are right... states will regulate it case by case.. but the states that are friendly to bitcoin get richer, etc.
@@leofrancovich3892 Yes, this is it. Game theory will play out as the asset becomes more "valuable". We are already seeing it with the miners and states like Texas vying for their bussiness (jobs, taxes, innovation, etc.). BTC brings so much more to the table than just a token. I am so excited watching the whole space grow and game theory play out. It's a long term game and patience will pay off.
Look I’m not denying that you have excellent points in this talk but please address the fact that people paid to borrow gold in Roman times and people will pay to borrow bitcoin now and in the future ……. Just because bitcoin is a brilliant asset doesn’t make it immune to being involved in debt based products
Borrowing/yield/dividend/income will happen on Bitcoin. But its important to understand that its far too early in the btc ecosystem for this to be legitimate. Lending requires a variegated portfolio of borrowers investing in & creating production. That has been a dwindling factor in fiat finance anymore, and is completely absent in the bitcoin world. It will come, but likely not for more than a decade.
Please don't make the mistake to sometimes compare bitcoin to money and sometimes to a risk taking equities portfolio with an expected return. Not making this distinction makes your podcast and other arguments less credible. Money is NOT the same as a diversified equity portfolio. If in the future bitcoin will be the new money. companies still need money (ie bitcoin) to raise for investments and to make equity stakes tradable. And price for companies on stock markets may well be expressed in bitcoin. That doesn't make it the same. 58:22. 'To me bitcoin is essentially a replacement for that index fund on steroids.... single global ledger that records all of our wealth that is scarce, that is easy transferable.....' Then to my surprise Saifedean says :'Yeah absolutely'. But what Odell is saying is complete nonsense; he should compare bitcoin attributes to money, but not to a stock portfolio. Come one guys. Saife please be more critical to your guests to keep your own critical thinking and credibility. Not everybody who is wealthy now because they got into bitcoin early is very intelligent and worth to invite to your show.
@@TheBitcoinRevolution what did we miss at 58:22. Sometimes BTC is compared to money. and then in the some breath to a stock portfolio ... Maybe it is sloppy formulation Just wanted to highlight this. OK ?
It's funny when he says ranchers get it. Of all of my friends that I've tried explaining bitcoin too over the years; accountants, biologists, teachers, etc., the only one of my friends who got it was my farmer buddy.
Great conversation with Matt Saifedean. Thanks for hosting
Odell educates plebs in the most important area: privacy, which = freedom. Stay humble, stack sats in a privacy focused manner. Thanks, Saifedean.
Great episode Saif, I really enjoy Matt's POV and you did a good job of getting him to rant passionately about some important topics, like privacy, freedom and wealth.
Marty? u sure?
@@trel9388 right, thank you
Outstanding conversation, one of the best
Great discussion guys, very much enjoyed this one. Immediately onto Citadel Dispatch Ep. 43!
اشكرك ي د سيف على هذه المناقشات المفيدة وارجوا منك ان تكون هذه المقاطع التي تنشر تتوفر فيها الترجمة الى اللغة العربية
Quality discussion guys. Thank you both very much 🤘
Man I wish I had the balls to give up on S&P500 and just go full Bitcoin like Matt.
Well done gents.🐬🌩🌍
Good episode. I would listen nearly all the videos you post Saif, if the sound quality of your mic or system is better/higher/clearer. Please consider that, ex: Lex's podcast audio system.
While I agree that most people shouldn't be "trading", just stay humble and stack sats... I'm starting to think that long-term hodlers can serve Bitcoin better by being willing to distribute a portion of their stack each cycle. Maybe sell up to 30% during a raging bull market, and buy back in after the next crash. It's a win-win if you can absorb some volatility and get paid for it. And move more coins into diamond hands.
Trade offs are an imperative of physics. They exist in all facets of life.
I think BIP 300 & 301 is a tradeoff that is a way for bitcoin to reach its potential.
Informative!
Please add timestamps.
Great podcast. Interesting discussion about wallets and notes that Ledger was not mentioned. I purchased a ledger Nano x due to its Mac connectivity and high recommendation. HOWEVER the unit was defective and wonder if this happens a lot.
How can you keep your Bitcoin private and secure and at the same time prove you haven't stole it ? I guess states will soon require some kind of proof otherwise they would automatically consider such bitcoin illegal.
The problem with privacy/anonymity of Bitcoin is that you won't be able to spend it without revealing your identity. Furthermoe, my friend scares me that no one will soon accept Bitcoin without a "story" i.e. without some KYC info attached to it. I am really worried the states will ensure that Bitcoin will be unusable without being held by the balls and heavily taxed :'-(
in these scenarios they are describing, the organic need for bitcoin becomes so great because it's the only hard money. people will take it because they need it.
perhaps in the short term you are right... states will regulate it case by case.. but the states that are friendly to bitcoin get richer, etc.
DYOR. So much happening in this space and it can be used peer to peer. With adoption, it will be fine.
@@leofrancovich3892 Yes, this is it. Game theory will play out as the asset becomes more "valuable". We are already seeing it with the miners and states like Texas vying for their bussiness (jobs, taxes, innovation, etc.). BTC brings so much more to the table than just a token. I am so excited watching the whole space grow and game theory play out. It's a long term game and patience will pay off.
What about gemeni that uses only 2% interest paid on btc in its earn account and 7% on gemeni coin pegged to usd?
Why is this episode not named >It's all shit and earthquakes, folks! ?
Litecoin has privacy. MWEB.
Look I’m not denying that you have excellent points in this talk but please address the fact that people paid to borrow gold in Roman times and people will pay to borrow bitcoin now and in the future ……. Just because bitcoin is a brilliant asset doesn’t make it immune to being involved in debt based products
Borrowing/yield/dividend/income will happen on Bitcoin. But its important to understand that its far too early in the btc ecosystem for this to be legitimate. Lending requires a variegated portfolio of borrowers investing in & creating production. That has been a dwindling factor in fiat finance anymore, and is completely absent in the bitcoin world. It will come, but likely not for more than a decade.
Please don't make the mistake to sometimes compare bitcoin to money and sometimes to a risk taking equities portfolio with an expected return. Not making this distinction makes your podcast and other arguments less credible. Money is NOT the same as a diversified equity portfolio. If in the future bitcoin will be the new money. companies still need money (ie bitcoin) to raise for investments and to make equity stakes tradable. And price for companies on stock markets may well be expressed in bitcoin. That doesn't make it the same. 58:22. 'To me bitcoin is essentially a replacement for that index fund on steroids.... single global ledger that records all of our wealth that is scarce, that is easy transferable.....' Then to my surprise Saifedean says :'Yeah absolutely'. But what Odell is saying is complete nonsense; he should compare bitcoin attributes to money, but not to a stock portfolio. Come one guys. Saife please be more critical to your guests to keep your own critical thinking and credibility. Not everybody who is wealthy now because they got into bitcoin early is very intelligent and worth to invite to your show.
Listen to Citadel Dispatch. Odell is a massive BTC'er and the snapshot above is not accurate.
@@TheBitcoinRevolution what did we miss at 58:22. Sometimes BTC is compared to money. and then in the some breath to a stock portfolio ... Maybe it is sloppy formulation Just wanted to highlight this. OK ?
Bonds are a good trade now
Hell no
Math is hard. 😆 🤣