#464: Mitch Garber on Understanding Bitcoin

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 6 January 2021

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mitch Garber is an investor and entrepreneur from Canada. He was previously the CEO of Caesars Interactive Entertainment and has served on the Board of Directors of Cirque du Soleil, Caesars Entertainment, RackSpace, Shutterfly and many others. In this conversation, we discuss Mitch’s numerous business successes, how he currently invests his capital, and then we dive deep into his questions around Bitcoin and cryptocurrencies. ======================= The Stacks 2.0 mainnet is launching on January 14, 2021. Stacks, which you may recognize as Blockstack, is a layer-1 blockchain that uses the Bitcoin blockchain as a secure base-layer and enables developers to harness its power in new ways. Stacks makes Bitcoin more than digital gold, enabling apps and smart contracts on Bitcoin--unlocking innovation, new value, and a new way to earn BTC. Register for the mainnet event here: https://stacks2.com/ ======================= Coinbase Wallets are adding support for .crypto and .zil domains through their partnership with Unstoppable Domains. Unstoppable Domains provides an all-in-one solution for blockchain domains. You can send money using these new domains instead of long Bitcoin wallet addresses, while also storing your domain in Coinbase's collectibles section. Go to unstoppabledomains.com in the dapp browser to register and manage your domains. ======================= LVL is a new crypto investing platform that I'm an investor in. They allow anyone to trade an unlimited number of times per month for free. They have no trading fees and no spreads in the spot market. If you buy or sell more than $500 in Bitcoin on any exchange, you're spending too much on trading fees. Use LVL to save money and trade as many times you want. https://lvl.co/pomp =======================

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:05.2	podcast, simply the best podcast out there. Let's kick this thing off. Mitch Garber is an investor and
0:11.1	entrepreneur from Canada. He was previously the CEO of Caesar's Interactive Entertainment
0:16.0	and has served on the board of directors of Cirque du Soleil, Caesar's Entertainment, Rackspace, Shutterfly,
0:23.4	and many others.
0:24.6	I really enjoyed this conversation with Mitch.
0:27.0	In it, we discussed Mitch's numerous business successes, how we currently invest his capital,
0:32.3	and then we dive deep into his questions around Bitcoin and cryptocurrencies.
0:36.2	I really hope you enjoy this one.
0:38.3	Before we get into this episode, though, I want to quickly talk about our sponsors.
0:42.2	First up is Blockstack.
0:44.4	Apps and smart contracts are coming to Bitcoin, along with a brand new way to earn Bitcoin.
0:49.8	Stacks 2.0 will give developers powerful new tools, including a smart contract language called
0:55.1	Clarity that was made for Bitcoin and jointly developed with algorithm, as well as a new
0:59.3	consensus mechanism that rewards the network with both stack tokens and Bitcoin. Stacks,
1:04.4	which you may recognize as Blockstack, unlocks new use cases and functionality for the world's
1:08.6	most secure blockchain, Bitcoin, without modifying
1:11.5	Bitcoin itself. The door for developers and entrepreneurs to activate the billions of dollars
1:15.8	of capital currently passively held on Bitcoin are now wide open. Proof of transfer, or POX, is the
1:21.9	groundbreaking consensus mechanism that makes this all possible. POX connects the Stax blockchain
1:26.9	to Bitcoin, opening up STX mining on the network
1:29.9	and enabling stacking, where STX holders can earn regular Bitcoin rewards for supporting
	...

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