Clif joins a very thoughtful interviewer at Tech Renaissance and provide great detail on the history and functioning of the Web Bot before diving into thoughts on the new world of cryptocurrencies.
- 00:00:00 Clip from History Channel on Web Bot
- 00:03:45 Clif’s background; Mexico City earthquake; Writing Web Bot from scratch
- 00:12:45 Monetary history; It’s a process, not an event; Hyperinflation; Weimar Republic; Gresham’s Law
- 00:24:50 Gold and silver manipulation since the Opium Wars; Manipulation in cryptos can’t be sustained; MtGox manipulation
- 00:34:45 6% loss in government currency by default
- 00:40:10 Ownership structure of Coinbase and other such exchanges indicate general support within the system; Dollar Empire
- 00:43:09 SciFi World; Cryptos are trustless – automatic fraud prevention not offered by traditional currencies; Counterfeit money
- 00:50:05 Legacy financial system trying to replicate itself in crypto; It’s not needed; Wampum
- 00:56:20 1:5 Bitcoin to Litecoin ratio; Trust in Bitcoin’s 21 million; Litecoin’s temporal markets
- 01:03:20 August 2019 Litecoin Halving; Airdrops
- 01:06:15 Cryptocurrencies from the perspective of a sovereign; Hyperinflation – Injecting money into a regulated system
- 01:13:15 Current sideways crypto market starts to uptick in June; Large sells of Bitcoin are over; HODL; What are you going to convert crypto to?
- 01:19:45 When the temporary supression ends, things will happen very rapidly; Interest rates?
Direct video link: https://www.youtube.com/watch?v=cJDXgv8tATY
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