TFTC: A Bitcoin Podcast #615: How Bitcoin Can Avert A Pension Crisis with Dom Bei
6 snips
May 5, 2025 Marty chats with Dom Bei, a candidate for CalPERS trustee and Bitcoin advocate, who founded Proof of Workforce. They delve into pension funds' current crises, especially CalPERS, and explore how Bitcoin can revitalize these systems. Dom highlights the missed opportunities of integrating Bitcoin into pension strategies and shares grassroots efforts for community engagement and education. He underscores the importance of innovation in adapting to financial challenges while addressing political hurdles and the need for stability in fund management.
AI Snips
Chapters
Transcript
Episode notes
Dom Bei's Career Journey
- Dom Bei shares his journey from firefighter to Bitcoin advocate and pension board candidate.
- His experience with unions and Bitcoin drives his mission to bring Bitcoin to public pensions.
Pension Evolution and Risks
- Pensions evolved from simple municipal bond funds to complex private equity portfolios.
- Current pension structures carry incentives that often lead to underperformance and high risk.
CalPERS State and Challenges
- CalPERS is underfunded at around 75% and faces incentive misalignment issues.
- Frequent CIO turnover reflects institutional challenges impacting pension fund performance.