The Great BTC-Alt Divergence / Epic Rap Battles Of Adoption / Derivative Games

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 5 September 2019

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

BTC dominance is over 70%, and the gap between its performance and everything else may be accounting for the strange dissonance between 3x BTC price growth in 2019 and the serious gloomy pallor on display on crypto Twitter. We look at that divergence in the context of Fred Wilson's state of crypto post yesterday, as well as the continued growth of bitcoin-focused derivative products and comments from Twitter/Square CEO Jack Dorsey and the Apple Pay head on BTC and crypto. And don't miss the epic rap battle of history between Hamilton and Satoshi. Watch: https://www.youtube.com/nathanielwhittemorecrypto

Transcript

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0:00.0	Yeah, dude, super funny.
0:02.4	As if banks these days still help people make money.
0:05.0	The rich get richer and we follow like we're all cheap.
0:07.8	The banks serve Wall Street.
0:09.2	Crypto serves all streets.
0:10.8	The interest in crypto's on rapid assent.
0:12.8	What's your current interest?
0:14.0	Like half a percent.
0:15.4	I'm sorry, the bank's gone past its peak, but I want info encrypted, not hack them leave.
0:20.5	If this crypto system will be our salvation, it needs to be centralized, needs regulation.
0:25.6	Three.
0:27.6	All right.
0:28.6	Number one, we're going to talk about mass adoption and a couple of interesting comments from leaders of major tech companies.
0:36.6	Two, we are going to talk
0:39.2	about this interesting contrast between how things seem to be going kind of from a market
0:45.0	perspective with how people seem to be reacting to it. And three, we're going to talk about why
0:51.1	derivatives seem to be leading everything. So first first on this idea of mass adoption, right?
0:56.0	So woke up this morning to Reid Hoffman,
0:58.6	the CEO and or the former CEO,
1:01.0	founder of LinkedIn, had financed and produced a,
1:05.4	or presumably had financed something
1:08.4	on the spirit of epic rap battles of history around pitting Hamilton against Satoshi Nakamoto.
	...

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