This guy is very good at answering questions. He answers exactly what you want with clarity and substance without rambling or repeating. One of the best interviews that I've seen.
He's so good, I was half expecting to see him starting over the interviewer's shoulder for a teleprompter XD. But no...he's speaking extemporaneously :-)
It's almost like after every question, they cut, he researches the topic for two days, practices his response for an hour, and then films the response.
Even though I feel like I only understand about 1% of what there is to know about crypto-currencies and blockchains, that's still a 100000% increase from where I was. Thank you for this video!
Andrius antonopoulos. It's too expensive to have a private Block chain. You can just call it a database On multiple pieces of hardware, Owned and traceable, The security isn't higher But the Cost is. None of his ideas about blockchain are viable Use cases
Definitely appreciated this talk. Most crypto discussion either veers in the direction of "BITCOIN IS A FRAUD" or saying that it will 100% change the world and you better buy in now before it increases 100x. Always good to see some rational, non-biased discussion.
I think part of the stigma is making currency out of thin air as opposed to currency, even after watching this video I am confused about how Bitcoin is created and how it's guaranteed to have value, it easier to understand the value of a currency that is backed by gold like a dollar (for ex) as there is in theory gold to back that piece of paper, even if no one has seen said gold.
Well, its not out of thin air, its from very complex calculations done on millions of computers across the globe. As for value, for now is mostly simple demand/offer thing. Dollar is more of thin air than you think (less than 10% backed by gold or similar!, and could be even less).
Well, bitcoin is just the front of what is really going to change the world: block-chain. Block-chain is the platform that will drastically change the world of finance and as such all aspects of our life.
I'm a sophomore in business school and this channel has helped in the understanding of almost all of my classes. Enjoy watching all your videos and they also create great discussion with my father. Looking forward to your next video :D
I watched this entire interview twice, back-to-back. Love the longer length format interview along with the explanation of terminology. Very interesting and well spoken guest.
23:55 Strange juxtaposition: (Summarized) "Regional banks might no longer be used, neither will fractional reserve banking. All deposits will be with the Federal Reserve." Implies (maybe) that the goal of decentralized currency will only centralize it even more. This unintended consequence seems to be a common theme with the internet development in general. The goal of liberalizing an industry (especially music and media) only centralizes the success or attention even more to a particular entity. This is a complicated relationship: currency, cryptocurrency (which might not be currency at all, in practical usage), and blockchain. For some reason I can't really articulate, the blockchain and public ledgers are giving me a presentiment.
Excellent talk, explaining clearly many of the concepts involved in cryptocurrencies and blockchains. David's views about futures (which areas are hype, which aspects are promising) were very well explained and rationalised. I have a very minor point where I thought David was overly optimistic, which is about fraud. Technical controls such as those in blockchain can remove fraud from one part of an overall system, but this is like squeezing a balloon - it then tends to increase somewhere else. There is definitely potential to reduce some types of fraud which is a good thing, but we should be under no illusion that fraud will be 'solved'.
My old man's in security he recons the block chain is incredible but the big problem with criptos is that if someone gets you login and hack your account your screwed because of the way the currency works is no way to reverse of replace the transaction.
Cody Pierson crypto currency's are a retaliation to globalisation the black market requires a away to anonymously transfer wealth. As credit and digital takes over cash becomes increasingly risky and trackable credit and debit is not an option it's traceable and therefore no good to criminals. so crypto currency's are by design untraceable which makes them a much more attractive target for any form of cyber attack.
12:29 Global central banks failed us and we need an alternative 23:30 Wouldn’t it be great if the central banks controlled every transaction? I’ve never seen someone explain the benefits of decentralized finance while also calling for complete Fed control.
Blockchain is by no means limited to cryptocurrency. This video addresses 1% of blockchain. People see blockchain as an opportunity to eliminate the need for a number of professional occupations. Blockchain is an innovation if you believe it is appropriate to continue to weed people out of the economy, in the pursuit of automation, without any replacement of jobs with meaningful employment.
Great chat thanks! At 4:43 Prof Yermack implies Ethereum is only used for smart contracts not as a currency. Ethereum does regular value transfers and is just as useful as a currency system as bitcoin is. The smart contract capability is an additional and highly useful feature - so much so that bitcoin is implementing similar capability.
If Apple, Google, and Microsoft (web browser majors) combined some engineering resources and launched a crypto which was storable / accessable via Applepay, Google Wallet then you would suddenly have a BIG threat to significant sections of traditional banking.
Dr. House I'm not a fan of ripple in principle. I think it's value will continue to increase because it might just become the universal new "Western Union", but I use alt coins because I can't stand the banking system as is, and ripple just makes the current system more efficient.
Scott just watched your fintech piece on Bitcoin / Blockchain and digital currency offerings. It could be the best thing I have seen on your channel (and your videos never disappoint). One question, if the long term effect of Blockchain is a threat or challenge to financial institutions, why is Jack Ma's ANT digital payment company aggressively going after USA's Moneygram? It sounded like "in the future" we won't need intermediaries like Moneygram or Western Union to make remittances or third party payments?
Many financial advisers say to diversify a percentage of your portfolio into real estate. If 2008 taught us anything, it's that real estate is NOT a sure investment, as many people were led to believe. It is extremely smart to invest at least a portion of assets into a cryptocurrencies (Why was Litecoin not even mentioned?)
I think these guys are both missing out on the aligned incentives that arise from developers and users both being rewarded in crypto currencies for advancing disruptive new technologies INSTEAD of shareholders. When developers and users have something to gain from using a particular technology, the network effect kicks in and we end up with things like facebook and amazon. The fact that people developing and using the new technologies stand to also benefit financially is a huge differentiator from the way most people think about "investing".
That's right. I thought it was a great, intelligent discussion, but they seemed to not understand that ICOs are an easy way for a normal person (as opposed to a tech-savvy one) to easily and instantly contribute to a new technology they believe in and want to see implemented in reality. It's a mechanism for change made possible by what is essentially crowdfunding. But unlike crowdfunding, you don't just get to use and enjoy the product, you actually get rewarded financially. It's not just for day-traders and speculators-it's for people wanting to invest in companies like Ethereum long term. Personally, I think Buterin could be a visionary and I'm happy to risk a little money to help advance his efforts, especially when it could be beneficial for society (protects privacy, saves money, faster transactions, more secure-the list goes on). Ethereum's list of decentralized apps in the works is really exciting. dapps.ethercasts.com/
great discussion, would of loved for Prof G to ask about the brand implications of the potential"Tokenization" of consumer platforms a la the Kin token etc and what that means for the business model of the F and G in fang.
Thanks -- great to get an insightful, level-headed overview of a topic that's hyped but little understood. One issue I don't see discussed, is whereas in other industries three giant disruptive strides are towards energy efficiency, cryptocurrencies are by design wildly inefficient. This virtual asset already consumes incredible amounts of real electricity. What happens if the technology gets widespread adoption. The power, storage, and bandwidth overhead will be phenomenal. Any comments?
No wonder the banks are shitting on blockchains; he's saying that blockchains will eventually make them obsolete. No wonder they're slow to integrate them.
Hopefully they slow down long enough to find a new, centuries old industry to replace all of those jobs with. I can't wait!!! You're so smart!! You've never been duped in your entire life!!!
Dimon was interviewed a few days after those statements saying that his issue is with Bitcoin, not the technology, so I'm not so sure they are not interested in using it to their benefit. In fact, they have nothing to gain by ignoring or dissing it.
"Like other Wall Street banks, JPMorgan acts as an agent for buyers and sellers of Bitcoin XBT, an exchange-traded note designed to track the value of the crypto currency. JPMorgan does not take positions in the instrument with its own capital and routes the orders electronically to exchanges, JPMorgan spokesman Brian Marchiony said." ~ Reuters in fact after this, the value of it fell.
Jado Cast you have some good info here. I'll definitely be looking more into it. The sheer volume of the buys was what led me to believe it was a banking entity and not someone xferring money from a bank to an exchange or broker.
If you visit any big city in China, most people don't handle paper money anymore. Alipay and Wechat pay are used for everything from street food, luxury malls, even scooter rentals.
Anyone else find it funny that he describes all the benefits and how blockchain will change the future of finance, yet this guy doesn't invest any of his own money in it? He clearly sees that it will be a big deal, and he's not willing to risk any money in it? Not even 100$? I just find that so contradictory to his message. No risk, no reward.
Michael Miller I was thinking the same thing. Do you ever listen to Naseem Talib? He talks a lot about "elitists" and intellectuals who have "no skin in the game" and yet they pretend like they know everything.
Michael Miller I think you missed the point where he said that bit coin will likely go away but blockchain will stay. That's the key takeaway, so naturally he's not invested in it
All of this talk works in a world where you think that people still want to work with banks and central banks. Most people are unhappy with their service and performance and that wasn't once talked about.
Excellent video!!! Great questions Prof. Galloway. I invest about $20 a week in crypto. I also will be accepting Bitcoin and other alt coins as payment soon for my side job. I think Bitcoin will still be around in 10 years and worth double what it is now. Two risks I see are government meddling (aka declaring Bitcoin illegal or something similar), and being stolen from by non-government forces
I'm not convinced you understood what was being said if this is what you think. Maybe it's me who misunderstood. I don't think bitcoin will need to be declared illegal or whatever, it will simply at some point become irrelevant and without value.
Right. Well, you then illuminated a third risk. People just stop caring about crypto. I don't think that will happen, but you are right it is a risk. A risk I'm willing to take
This guy is very good at answering questions. He answers exactly what you want with clarity and substance without rambling or repeating. One of the best interviews that I've seen.
Matthew M Agreed. I found myself ignoring the text on the screen because I didn't want to miss a word of what he was saying.
He speaks almost perfectly. He must have an incredibly high I.Q. Would love to see more interviews with him.
He also seems immensely calm.
He's so good, I was half expecting to see him starting over the interviewer's shoulder for a teleprompter XD. But no...he's speaking extemporaneously :-)
It's almost like after every question, they cut, he researches the topic for two days, practices his response for an hour, and then films the response.
This long form discussion was really nice. Everyone kept their shirts on. Looking at your Scott.
"Everyone kept their shirts on"
That's the very reason I didn't like it as much, Liked everything else about it though.
Adam Zero stop looking at his Scott you perv!
lol, I he is just fighting unfair!
Even though I feel like I only understand about 1% of what there is to know about crypto-currencies and blockchains, that's still a 100000% increase from where I was. Thank you for this video!
Great discussion! We need more of these talks so everyone can get a more granular understanding of crypto currencies and blockchain.
Anders.com/blockchain you're welcome
stachowi
Thanks I will check this out
Andrius antonopoulos. It's too expensive to have a private Block chain. You can just call it a database On multiple pieces of hardware, Owned and traceable, The security isn't higher But the Cost is. None of his ideas about blockchain are viable Use cases
trust!
Definitely appreciated this talk. Most crypto discussion either veers in the direction of "BITCOIN IS A FRAUD" or saying that it will 100% change the world and you better buy in now before it increases 100x. Always good to see some rational, non-biased discussion.
Always good to see some debilitating "middle-of-the-road" fallacy. You should work for Hillary Clinton.
I think part of the stigma is making currency out of thin air as opposed to currency, even after watching this video I am confused about how Bitcoin is created and how it's guaranteed to have value, it easier to understand the value of a currency that is backed by gold like a dollar (for ex) as there is in theory gold to back that piece of paper, even if no one has seen said gold.
actually you better buy in now before it increases 1000x
Well, its not out of thin air, its from very complex calculations done on millions of computers across the globe. As for value, for now is mostly simple demand/offer thing. Dollar is more of thin air than you think (less than 10% backed by gold or similar!, and could be even less).
Well, bitcoin is just the front of what is really going to change the world: block-chain. Block-chain is the platform that will drastically change the world of finance and as such all aspects of our life.
I'm a sophomore in business school and this channel has helped in the understanding of almost all of my classes. Enjoy watching all your videos and they also create great discussion with my father. Looking forward to your next video :D
Scott I see you hitting the gym, got them guns poppin'
I noticed his biceps too, I was impressed.
You two are totally gay. btw, I totally get it...
no homo.
wut. are you from like 2007?
I watched this entire interview twice, back-to-back. Love the longer length format interview along with the explanation of terminology. Very interesting and well spoken guest.
The best overview of Blockchain that I have seen to date! Excellent questions and even better answers. Great job 👍
23:55 Strange juxtaposition: (Summarized) "Regional banks might no longer be used, neither will fractional reserve banking. All deposits will be with the Federal Reserve." Implies (maybe) that the goal of decentralized currency will only centralize it even more. This unintended consequence seems to be a common theme with the internet development in general. The goal of liberalizing an industry (especially music and media) only centralizes the success or attention even more to a particular entity. This is a complicated relationship: currency, cryptocurrency (which might not be currency at all, in practical usage), and blockchain. For some reason I can't really articulate, the blockchain and public ledgers are giving me a presentiment.
For the first time I really feel like I understand what Bitcoin and blockchains are. Bravo professors! An excellent discussion.
Finally giving an in depth discussion about the mother of all disruptors
Thanks for sitting down and sharing Mr. David!
this is some very high quality content, Scott! thanks for putting this out for free
Half hour of a good informative discussion on crytocurrencies, and Scott showing how jacked he is. Great video!
What a great interview! Professor Yermack answers clearly the great questions from Prof Galloway.
Smart discussions like this is the reason I am a channel subscriber. Thanks to the L2inc team.
Awesome discussion. Yermack does a great job explaining this stuff. This is easy listening compared to a lot of other blockchain talks out there
more on blockchian101 here: www.cryptofish.com/blog/blockchain-101/
Great job you two, awesome break down. Better than most on TH-cam.
Scott. Start a podcast. It would be successful.
It’s called Pivot!
That was an excellent interview. One of the best I've ever seen.
Awesome interview! More David Yermack please!
" two pizzas for 10,000 bitcoin"
Correction: no pizzas, for 10,000 bitcoin. Where are you going to earn your bitcoin? What will you be producing that hasn't been commoditized?
Best trade ever. Imagine if that was just placed in a wallet and forgot about. It'd be worth well over $30 million today.
That's one expensive pizza
now worth 43 million dollars
I almost cried when I heard that, and they just glossed over it. That pizza is the equivalent of sunken pirate treasure.
Love these more in-depth videos you are doing in addition to winners and losers!
Highly insightful. Fantastic job by both Scott and David.
Thank you for explaining this topic in a simple, easy-to-understand conversation. Especially regarding ICOs and blockchain technology.
Excellent talk, explaining clearly many of the concepts involved in cryptocurrencies and blockchains. David's views about futures (which areas are hype, which aspects are promising) were very well explained and rationalised.
I have a very minor point where I thought David was overly optimistic, which is about fraud. Technical controls such as those in blockchain can remove fraud from one part of an overall system, but this is like squeezing a balloon - it then tends to increase somewhere else. There is definitely potential to reduce some types of fraud which is a good thing, but we should be under no illusion that fraud will be 'solved'.
Love the longer convo, and the variety of camera shots, but why no new podcast episodes? Conversations like this are perfect for that medium.
First time I truly understand this topic... Amazing conversation.
Very informative! I knew very little about cryptocurrencies and even less about block chains before watching this video. More videos like this please!
Great stuff! Now that's a man who shows great restraint.
Long time viewer, first time commenter: Great discussion. Very edifying. Thank you.
Really great interview. Clear and concise overview of the Blockchain
You need bitcoin to incentivize miners to secure the blockchain. Without bitcoin, there is no blockchain. Why can't academics understand this?
I love these extended videos.
Oh shiiiiiet its ya boi scott galloway on that next level crypto discussion for yall youtube asses
I would like to see these two do an updated conversation
I'm surprised someone with such a solid understanding of the blockchain hasn't invested in cryptocurrencies at all.
My old man's in security he recons the block chain is incredible but the big problem with criptos is that if someone gets you login and hack your account your screwed because of the way the currency works is no way to reverse of replace the transaction.
MaHONri T offline crypto currencies is key to security
Cody Pierson crypto currency's are a retaliation to globalisation the black market requires a away to anonymously transfer wealth. As credit and digital takes over cash becomes increasingly risky and trackable credit and debit is not an option it's traceable and therefore no good to criminals. so crypto currency's are by design untraceable which makes them a much more attractive target for any form of cyber attack.
This is a great episode, Thank you very much professor
Ford financed my car. I loved hearing this talk. Thanks
12:29 Global central banks failed us and we need an alternative
23:30 Wouldn’t it be great if the central banks controlled every transaction?
I’ve never seen someone explain the benefits of decentralized finance while also calling for complete Fed control.
Love that Scott has got the crypto fever
Blockchain is by no means limited to cryptocurrency. This video addresses 1% of blockchain. People see blockchain as an opportunity to eliminate the need for a number of professional occupations. Blockchain is an innovation if you believe it is appropriate to continue to weed people out of the economy, in the pursuit of automation, without any replacement of jobs with meaningful employment.
So blockchain = communism? lol
This is fascinating stuff. Thanks for turning crypto currency and block chain into laymen terms
Fantastic conversation: very well-spoken professor :-)
Long video but I learned a lot and the talk was well appreciated.
Yermack is a brilliant man
Great chat thanks! At 4:43 Prof Yermack implies Ethereum is only used for smart contracts not as a currency. Ethereum does regular value transfers and is just as useful as a currency system as bitcoin is. The smart contract capability is an additional and highly useful feature - so much so that bitcoin is implementing similar capability.
This is how I want to talk when I meet a girl for the first time.
Great talk. Very insightful. Tip of the cap to you both.
Scott you're the man
Did you just assumed his gender?
Excellent interview David!
Excellent video interview. Thank you!
Great video worth sticking till the end
Excellent unbiased analysis
Rewatching this in 2021. The guest said Bitcoin had a market cap of 65 Billion, today its over 1 Trillion!
excellent interview
Outstanding primer
Now this was a good interview!
If Apple, Google, and Microsoft (web browser majors) combined some engineering resources and launched a crypto which was storable / accessable via Applepay, Google Wallet then you would suddenly have a BIG threat to significant sections of traditional banking.
Awesome! I like the idea of the blockchain mutual fund
Scott Galloway's voice = Jeffrey Donovan from Burn notice. Great video. Wish he could expand further on ripple.
Dr. House I'm not a fan of ripple in principle. I think it's value will continue to increase because it might just become the universal new "Western Union", but I use alt coins because I can't stand the banking system as is, and ripple just makes the current system more efficient.
Scott just watched your fintech piece on Bitcoin / Blockchain and digital currency offerings. It could be the best thing I have seen on your channel (and your videos never disappoint). One question, if the long term effect of Blockchain is a threat or challenge to financial institutions, why is Jack Ma's ANT digital payment company aggressively going after USA's Moneygram? It sounded like "in the future" we won't need intermediaries like Moneygram or Western Union to make remittances or third party payments?
Great discussion and overview of a very complex and mysterious comment. Love the last comment on not owning it!
Many financial advisers say to diversify a percentage of your portfolio into real estate. If 2008 taught us anything, it's that real estate is NOT a sure investment, as many people were led to believe.
It is extremely smart to invest at least a portion of assets into a cryptocurrencies (Why was Litecoin not even mentioned?)
I think these guys are both missing out on the aligned incentives that arise from developers and users both being rewarded in crypto currencies for advancing disruptive new technologies INSTEAD of shareholders. When developers and users have something to gain from using a particular technology, the network effect kicks in and we end up with things like facebook and amazon. The fact that people developing and using the new technologies stand to also benefit financially is a huge differentiator from the way most people think about "investing".
Great thought. This stuff is fascinating!
Maury McCoy check out ONg and the Brave Browser. Chrome and facebook will be the next Netscape and MySpace.
That's right. I thought it was a great, intelligent discussion, but they seemed to not understand that ICOs are an easy way for a normal person (as opposed to a tech-savvy one) to easily and instantly contribute to a new technology they believe in and want to see implemented in reality. It's a mechanism for change made possible by what is essentially crowdfunding. But unlike crowdfunding, you don't just get to use and enjoy the product, you actually get rewarded financially. It's not just for day-traders and speculators-it's for people wanting to invest in companies like Ethereum long term. Personally, I think Buterin could be a visionary and I'm happy to risk a little money to help advance his efforts, especially when it could be beneficial for society (protects privacy, saves money, faster transactions, more secure-the list goes on). Ethereum's list of decentralized apps in the works is really exciting. dapps.ethercasts.com/
Killer discussion
great discussion, would of loved for Prof G to ask about the brand implications of the potential"Tokenization" of consumer platforms a la the Kin token etc and what that means for the business model of the F and G in fang.
Awesome interview!
Great talk. One question though. How you don't get video copyright claims over your videos? In every video you have some song at the end? :)
You two are uncomfortably close in the thumbnail :3
Jake Haft lmao just noticed it. He's riding him on the thumbnail. 😬
that's the reason I clicked on it...wanted to know why they were so close lol
Thanks, Scott!
Awesome interview
Nice discussion guys!
That's all i needed to know, thx Captain
Great discussion! Thanks!
super useful interview, thanks!
A nice break from Amazon and their trek to a trillion dollar market cap, loved the long video format as well!
This was amazing!
Very informative. Thank you.
Refresh this topic as a lot has changed in 8 months..
Thanks -- great to get an insightful, level-headed overview of a topic that's hyped but little understood. One issue I don't see discussed, is whereas in other industries three giant disruptive strides are towards energy efficiency, cryptocurrencies are by design wildly inefficient. This virtual asset already consumes incredible amounts of real electricity. What happens if the technology gets widespread adoption. The power, storage, and bandwidth overhead will be phenomenal. Any comments?
Great discussion
No wonder the banks are shitting on blockchains; he's saying that blockchains will eventually make them obsolete. No wonder they're slow to integrate them.
Hopefully they slow down long enough to find a new, centuries old industry to replace all of those jobs with. I can't wait!!! You're so smart!! You've never been duped in your entire life!!!
Great discussion. However, this conversation took place 5 months ago and now the current market cap is almost 500 billion.
Dimon was interviewed a few days after those statements saying that his issue is with Bitcoin, not the technology, so I'm not so sure they are not interested in using it to their benefit. In fact, they have nothing to gain by ignoring or dissing it.
Bitcoin is a historical example for how blockchain works; blockchain is the future.
IBM talked about blockchain so I bought their stock.
If possible can you make a business video of the RFID chip?
Nice discussion!!
Glad to see the black rims have returned
Blockchain is the future of finance
JP Morgan Chase bank actually bought a ton of BTC on the slump. Textbook market manipulation.
"Like other Wall Street banks, JPMorgan acts as an agent for buyers and sellers of Bitcoin XBT, an exchange-traded note designed to track the value of the crypto currency.
JPMorgan does not take positions in the instrument with its own capital and routes the orders electronically to exchanges, JPMorgan spokesman Brian Marchiony said." ~ Reuters in fact after this, the value of it fell.
Jado Cast you have some good info here. I'll definitely be looking more into it. The sheer volume of the buys was what led me to believe it was a banking entity and not someone xferring money from a bank to an exchange or broker.
they also are a member of the ethereum enterprise alliance with dozens of other banks and big corporation
Great video.
Love the video. I don't think that hard currency is going away anytime soon though. It might make sense economically, but realistically...?
RudytheDominator Just think of what happened with postal services and e-mail. Both are still used, but the vast majority of post is e-mail nowadays.
The question is will the Central Bank would be willing to let go their power over fiat currency?
If you visit any big city in China, most people don't handle paper money anymore. Alipay and Wechat pay are used for everything from street food, luxury malls, even scooter rentals.
ranjit s rather can the fox continue to rule the hen house? Bitcoin is the honey badger of $ and BitCoin don't give a shit.
If you visit any big city in US, most people don't handle paper money anymore. Visa, Master, AE are used for everything.
Fascinating insight into the topic and gladly hype-free! Can't wait for the day when banks disappear!
Anyone else find it funny that he describes all the benefits and how blockchain will change the future of finance, yet this guy doesn't invest any of his own money in it? He clearly sees that it will be a big deal, and he's not willing to risk any money in it? Not even 100$? I just find that so contradictory to his message. No risk, no reward.
Michael Miller I was thinking the same thing. Do you ever listen to Naseem Talib? He talks a lot about "elitists" and intellectuals who have "no skin in the game" and yet they pretend like they know everything.
I have not heard anything from him! I'll look him up and listen to some chats!
Nassim Taleb will change your life. Taleb is Scott Galloway X 100 (And this is coming from someone who thinks Scott is a very very astute human being)
He explains it concisely starting at 17:30. The underlying technology is valuable, but the current asset forms are flawed.
Michael Miller I think you missed the point where he said that bit coin will likely go away but blockchain will stay. That's the key takeaway, so naturally he's not invested in it
All of this talk works in a world where you think that people still want to work with banks and central banks. Most people are unhappy with their service and performance and that wasn't once talked about.
www.cnbc.com/amp/2015/05/19/cent-of-customers-happy-with-their-bank-study.html
Excellent video!!! Great questions Prof. Galloway. I invest about $20 a week in crypto. I also will be accepting Bitcoin and other alt coins as payment soon for my side job. I think Bitcoin will still be around in 10 years and worth double what it is now. Two risks I see are government meddling (aka declaring Bitcoin illegal or something similar), and being stolen from by non-government forces
I'm not convinced you understood what was being said if this is what you think. Maybe it's me who misunderstood. I don't think bitcoin will need to be declared illegal or whatever, it will simply at some point become irrelevant and without value.
Right. Well, you then illuminated a third risk. People just stop caring about crypto. I don't think that will happen, but you are right it is a risk. A risk I'm willing to take
Can we see a winners and losers with this guy
on this publish date i was telling the nyu chefs to buy bitcoin- now they feel like its to expensive and risky