What backs Bitcoin and do we trust Bitcoin? with Omid Malekan

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 16 June 2022

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Despite what is happening in the crypto world now, can we still trust Bitcoin? Last time, in Episode 830, we talked about why Bitcoin was invented, and how can it be used?In this episode, Omid Malekan, the author of The Story of the Blockchain, A Beginner's Guide to the Technology That Nobody Understands comes on again to talk about the trust in Bitcoin, where will Ethereum be in the crypto race. And we even compare some of the use cases with Uber! He also has a new upcoming book: Re-architecting Trust, The Curse of HIstory and The Crypto Cure for Money, Markets, and Platforms.Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.8	This is the James Altiger Show.
0:12.8	Today on the James Altiger Show.
0:16.6	Well a lot of stuff going down in the crypto markets and you know what I like to think
0:21.3	of myself as both an optimist and a skeptic because you can't be a successful investor
0:27.1	unless you're both honestly. You have to have a vision about things. You have to think
0:31.2	optimistically about your ideas for the future. Hopefully the world is continuing to grow
0:36.5	and innovate and that's why there are things to invest in.
0:40.2	But you always have to be a skeptic. You always have to say what's really needed to make
0:44.4	this idea succeed or what will I see if this idea fails.
0:48.2	And so I brought on Oman Malikhan who not only was helping run all things crypto at City
0:53.8	Group but he's the author of a brand new book the best book ever about crypto.
0:59.4	Rear-contacting trust, the curse of history and the crypto cure for money, markets and
1:04.6	platforms. And I told Oman that's a big title but it's a book by Oman Malikhan called
1:10.0	Rear-contacting Trust, the curse of history and the crypto cure for money, markets and
1:15.1	platforms. I asked Oman and you're going to hear it right now. I asked him why should
1:19.9	I believe in Bitcoin or Ethereum or any of these things? What good are they really? Everyone
1:25.7	says nothing back some. What backs these things?
1:29.2	And Oman explained to me and it was the best explanation I ever heard. So here it is.
1:44.5	So Oman you're like a Bitcoin super specialist. I like to say you help City Group manage
1:50.4	their whole Bitcoin strategy for a while when you're at City Group. Now you are author
1:55.1	of the book. Well it's about to come out rear-contacting trust, the curse of history and the
	...

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