We Study Billionaires - The Investor’s Podcast Network BTC033: Important Bitcoin Considerations w/ Tuur Demeester (Bitcoin Podcast)
Jul 7, 2021
Tuur Demeester, founder of Adamant Capital and a Bitcoin advocate since 2012, dives into the evolving cryptocurrency landscape. He discusses why he chose to embrace privacy amid rising fame, the major shifts in Bitcoin since 2017, and the implications of China's mining regulations. Tuur contrasts Bitcoin with Ethereum's proof of stake model and explores Bitcoin's role in lending, emphasizing its stability as collateral. He also examines adoption trends and the potential for generating returns in the growing Bitcoin ecosystem, revealing insights into the future of finance.
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Tuur's Reduced Public Presence
- Tuur Demeester reduced his public presence due to the increasing number of trolls and distractions during the Bitcoin bull market.
- He also cited concerns about the potential psychological issues of some followers and the changing trade-offs of fame, referencing a Tim Ferriss article.
Recurring Narratives and Delusions
- The cryptocurrency space constantly sees new narratives and delusions, from ICOs and NFTs to Proof of Stake.
- Tuur Demeester expresses surprise at the uninhibited pronouncements of newcomers, contrasting them with his own research-based approach.
Unexpected Difficulty Adjustments
- The negative 25% difficulty adjustment, preceded by -5% and -15% adjustments, was unexpected during a Bitcoin bull cycle.
- Preston Pysh expresses surprise at these adjustments, attributing them to China's mining ban.
