#226: Sovereign default swap markets as a proxy for Bitcoin's fair value with Greg Foss
TFTC: A Bitcoin Podcast
Marty Bent
4.8 • 804 Ratings
🗓️ 25 January 2021
⏱️ 96 minutes
🧾️ Download transcript
Summary
Join Marty as he sits down with long time credit trader Greg Foss to discuss:
- Surfing culture
- Greg's experience trading credit markets
- Using the CDS market for sovereign bonds as a way to calculate Bitcoin's fair value
- Systemic risk in the financial system
- Counter-party risk
- Bitcoin and the energy industry
- much more
Follow Greg on Twitter
Shoutout to this week's sponsors.
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Transcript
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| 0:00.0 | So, freaks, it's your boy, Marty, here to introduce this episode of Tales on the Crypt. |
| 0:04.0 | The immense pleasure of sitting down with Greg Foss, a long time, credit trader, |
| 0:08.8 | who has a very interesting valuation framework for Bitcoin and how to attempt to measure and calculate its fair value currently and whether or not it's price correctly at the |
| 0:24.5 | current moment. So you guys are going to like this one. Really interesting. Love this particular |
| 0:29.2 | framework for valuing Bitcoin and the thesis behind it. So you guys are going to get ready to learn. |
| 0:36.4 | Talk about some surfing as well always love talking |
| 0:38.7 | surfing surf talks great talk it is absolutely ripping right now out in the pacific |
| 0:45.7 | hawaii jaws pipe pumping hope you're seeing these videos from mavericks and Jaws of these monster waves and the monsters riding them. |
| 1:00.6 | It's a good year for surfing, 2021. |
| 1:03.9 | Silver lining during these weird times. |
| 1:06.8 | This episode is brought to you by a good friend of the motherfucking cash-up. |
| 1:10.2 | Cash-haps helping you stack sets, send sets, receive sets, and sell sets, if you so please. |
| 1:14.4 | We're saying sats, sats, sats, sats, sets, sets, sets, sets. |
| 1:20.9 | Because we're not stacking fractions of Bitcoin. |
| 1:23.0 | We're not buying fractions of Bitcoin. |
| 1:24.4 | We're stacking whole sats. |
| 1:25.8 | What are sats, you freaks are asking? |
| 1:28.5 | Some of you may be new here. You hear like, I'm supposed to be buying Bitcoin. Why am I buying |
| 1:32.4 | sats? Well, one Bitcoin is made up of 100 million Satoshes or sats. A lot of people don't know |
| 1:39.2 | that. You can break a Bitcoin down into 100 million units or sats, as we like to call them. |
| 1:45.4 | We stack sats. |
| 1:47.2 | And cash app lets you stack sats. |
... |
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