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London Real

People don't want to spend their Bitcoin.

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.41.9K Ratings

🗓️ 4 April 2022

⏱️ 4 minutes

🧾️ Download transcript

Summary

Bem Armstrong explains why some people HODL Bitcoin.

Transcript

Click on a timestamp to play from that location

0:00.0

Well, let's talk about that split because you mentioned Andreas, and again, he was back

0:04.3

on our show in 2015, 17 and 19, and he's talking about this concept of DeFi.

0:10.0

He's not using that term because it hadn't been adopted yet, but he's talking about this

0:14.6

future infrastructure where we could, you know, program things and build things, and it's

0:19.0

going to change the world.

0:20.7

And it was interesting how you said early on that all of that has now become true, but

0:24.6

it didn't actually happen on the Bitcoin platform.

0:27.2

It happened on Ethereum, and maybe you could explain that to people who maybe are either

0:31.4

new to this space or don't understand why that happened and why you think that he is

0:36.6

also what's going to continue to happen.

0:39.1

But it was, listen to Andreas Antonopoulos, and reading through, you know, the internet

0:44.0

of money, all of his books that he's written on Bitcoin, he talked about that the first

0:50.5

layer of technology from this point forward is always going to be money because obviously

0:56.6

we all know money makes the world go round, and everything ultimately gets back to money.

1:02.2

And because of that, any technology that comes from this point forward is going to help

1:08.0

kind of the rails of money to move faster, because I mean, we're still using basically

1:13.3

the same technology to transfer money, you know, for decades now, when we have better technology,

1:18.1

as you know, the central banks kind of run the world, that probably has a lot to do with

1:21.4

it.

1:22.4

Bitcoin was kind of supposed to solve that.

1:24.6

Bitcoin was supposed to be the internet of money.

1:28.2

It was supposed to be the way that people transact from this point forward.

...

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