The Pomp Podcast

#1032 Zach Weinberg & Logan Bartlett Debating Pomp On Bitcoin’s Utility

18 snips
Jul 5, 2022
Zach Weinberg, co-host of "Cartoon Avatars" and an angel investor, teams up with Logan Bartlett, another "Cartoon Avatars" co-host and venture capitalist, to dissect the world of Bitcoin and cryptocurrencies. They debate the merits and pitfalls of Bitcoin's utility and its speculative nature. The pair examines the role of venture capital in crypto, the implications of NFTs, and the challenges facing this volatile market. Their skepticism reveals a captivating mix of humor and poignant analysis, making for a thought-provoking discussion.
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INSIGHT

Reverse Network Effects in Crypto

  • Most crypto companies exhibit reverse network effects.
  • Early adopters benefit most, then leave for the next opportunity, creating volatility.
INSIGHT

Bitcoin's Fixed Supply

  • Bitcoin's fixed supply is its most interesting property.
  • Growing global wealth chasing this fixed supply could drive price appreciation.
INSIGHT

Bitcoin as a Monetary Policy Hedge

  • Bitcoin isn't an inflation hedge but rather a hedge against loose monetary policy.
  • Forward-looking markets suggest buying Bitcoin before inflation, not during.
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