Blau: The US government created this problem and then they sold to the market something they knew would be impaired, of valuation-wise. He says it's almost like a pond scheme, but like you're dumping something on the market that will take an unrealized loss until the end of its maturity term. And again, we don't actually know, because we've joked about it here,. Because the Fed's like, hey, inflation's changed the tool. They clearly, but they made a mistake.
Trung & Bilal discuss Balaji's $1m Bitcoin bet, the banking crisis, Ryan Reynolds business empire, Trung’s meme going super viral and GPT-4.
Timestamps:
- (00:00:00) - Intro
- (00:04:11) - Meme of the Week
- (00:08:50) - The Backstory to Trung’s Tweet
- (00:11:31) - How a meme goes viral
- (00:13:11) - Balaji's Background
- (00:15:28) - Balaji's $1m Bitcoin Bet
- (00:16:55) - Banking Crisis Explained
- (00:21:57) - SVB Post-Mortem
- (00:27:03) - Infinite Money Printing Back?
- (00:32:36) - Swap Lines Explained
- (00:36:32) - Trung's take on Balaji’s Argument
- (00:41:28) - Bilal’s take on Balaji’s Argument
- (00:47:54) - Doing it for the meme?
- (00:50:28) - Hyperbitcoinization?
- (00:53:29) - Ryan Reynolds Business Empire
- (00:55:30) - Van Wilder
- (00:57:06) - Deadpool and Aviation Gin
- (00:59:39) - Fastvertising
- (01:01:08) - Mint Mobile and MVNO Businesses
- (01:04:38) - Wrexham F.C.
- (01:07:26) - Bearly A.I. Plug
- (01:08:00) - GPT-3 vs GPT-4
- (01:09:17 ) - Microsoft Copilot
What Is Not Investment Advice?
Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.
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