TRIGGERnometry Is Bitcoin Bullsh*t? - Mike Green
Jan 26, 2023
Mike Green, Chief Strategist at Simplify Asset Management, dives deep into the contentious world of Bitcoin and cryptocurrencies. He tackles the murky waters of speculation versus practical utility, while sharing critical insights into the crypto landscape. Green discusses the collapse of FTX, emphasizing the fragility of trust in finance, and critiques the motivations behind Bitcoin investments. He also examines the impact of central bank digital currencies on privacy and control, offering a comprehensive view of the evolving financial landscape.
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Bitcoin's Misleading Marketing
- Bitcoin's marketing emphasizes speculative wealth creation over practical utility.
- This focus attracts people seeking quick riches rather than understanding Bitcoin's true potential.
Blockchain's Value Proposition
- Blockchain distributes databases, removing reliance on single record holders like Visa.
- This enhances transparency and security, but its slow consensus-seeking process limits speed.
Analog Securities Industry
- Mike Green receives one-penny dividend checks, highlighting the securities industry's analog nature.
- Digitally native securities could streamline processes, attach smart contracts, and improve efficiency.