ET Podcast #1 - Is That All There Is?
Epsilon Theory
December 8, 2020·epsilon theory archive
In this kick-off Epsilon Theory webcast, I’m joined by renowned cryptocurrency miner and trader @notsofast for a wide-ranging conversation on Bitcoin and crypto.
To put it in crypto and Epsilon Theory lingo, we talk about talk about DeFi, the “Saylorization” of Bitcoin, and brainstorm about how to keep the animal control officers focused on the huckster raccoons rather than us too-clever-by-half coyotes.
To put it more simply, we’re talking about this:
Can Bitcoin preserve its revolutionary potential after a Wall Street bear hug?
I’m highly skeptical, but @notsofast has some ideas on how to make this work. The end result of this conversation is a challenge and a research project for both of us … and for you!
main podcast
epsilon theory archive
Comments
Good theory Ben, one that I also subscribe to. Caesar is going to take Bitcoin over, not outlaw it. The audit trail ALONE for Bitcoin is valuable enough to the IRS to permanently keep this new asset around.
You also forgot the swallowing whole of both the Internet 1.0, and Internet 2.0 (social & video) where Wall St can get in the middle of trillions of Dollars of flow.
Right near the top of the 2020 Form 1040 is this question, " At any time during 2020 did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?" Yes or no? Below that at the end of the return is this, “Under penalty of pergury, I declare that I have examined this return and accompanying schedules and statements and to the best of my knowledge and belief, they are true, correct and complete”.
Somebody wants to know who you are and where you live.
Greg this is why Bitcoin can never be a true currency , every time you buy something you have a gain or loss on the currency you used?
it just isn’t practical.
Continue the discussion at the Epsilon Theory Forum...