Logo
    Search

    BTC148: Bitcoin and AI w/ Guy Swann (Bitcoin Podcast)

    enSeptember 20, 2023

    Podcast Summary

    • AI's need for fast transactions drives the use of BitcoinAI's decentralized and secure nature of Bitcoin enables fast, secure, and immediate transactions, solving the issue of fraud and payment processors in the digital age.

      Artificial Intelligence (AI) and Bitcoin are more connected than one might initially think. AI's requirement for fast and immediate transactions necessitates the use of an immediately settling bare asset money like Bitcoin. Guy Swan, a Bitcoin OG, emphasized that AI is a centralizing force due to the increasing issues with fraud and payment processors in the digital age. The ease and cheapness of obtaining credit card information and IDs on the dark web make it a significant problem, with most people preferring to avoid making uncomfortable situations rather than taking action. The scale of fraud capabilities far outweighs the ability to execute, making it challenging to address the issue effectively. Bitcoin, with its decentralized and secure nature, offers a solution to this problem by enabling fast, secure, and immediate transactions. Furthermore, the need for specialized AI models will create a rich ecosystem of decentralizing forces around countless models and resourcing requests.

    • Centralization of AI technology and its impact on BitcoinCentralized AI technology could limit access to important information and data, emphasizing the importance of exploring open-source, self-hosted alternatives to maintain privacy, autonomy, and productivity.

      AI technology is rapidly advancing and has the potential to significantly change the landscape of various industries, including Bitcoin. However, there are concerns about the centralization of this technology, as many people rely on servers from companies like Google or OpenAI to access its capabilities. This centralization could lead to a loss of access to important information and data. For instance, imagine listening to an audiobook and wanting to search for specific information within it, but not being able to because you don't have the eBook or the ability to search through the transcription. AI, specifically large language models, can make connections between patterns and even help find information based on vague context. However, having access to this technology through centralized servers could limit our ability to retain and access important information. To mitigate this risk, it's crucial to explore the open-source, self-hosted side of AI technology, ensuring that individuals have control over their data and the ability to access and search through it as needed. This not only ensures privacy and autonomy but also enables a more productive and capable use of AI technology.

    • Understanding Patterns and Making Connections with Advanced Language ModelsAdvanced language models like ChatGPT can process complex queries, make connections, and retrieve accurate information, even with incomplete or incorrect inputs. However, their access to personal data raises concerns about privacy and manipulation.

      Advanced language models like ChatGPT can make meaningful connections based on context and even partial information. The user shared an experience of asking ChatGPT to help him find a company he couldn't remember the name of, but knew it started with an "O" and was associated with Ookla Speedtest in his mind. Despite the user's mistakes and incorrect inputs, ChatGPT was able to understand the pattern and correctly identify the company Oklo. This demonstrates the power of these models in processing complex queries, making connections, and retrieving accurate information. However, the user also raised concerns about privacy and manipulation in the digital environment, particularly when AI is given access to vast amounts of personal data. As the user noted, this could potentially allow AI to understand our thought processes, influence our decisions, and even suppress information. It's essential to consider these implications as we continue to integrate AI into our lives.

    • Decentralized AI development leads to more innovation and competitionDecentralized AI development through open-source projects and smaller teams can lead to more innovation and competition, as the quality of data and human feedback matters more than the size of the model or institution.

      The idea of a few large corporations having a monopoly on advanced AI technology is not a foregone conclusion. Contrary to the narrative in mainstream media, the decentralized nature of AI development through open-source projects and smaller teams can lead to more innovation and competition, rather than economies of scale benefiting only the largest institutions. The rapid growth of AI models like OpenAI's ChatGPT, which reached 1.7 billion visitors in June and then dropped to 1.5 billion in July, shows that network effects do not apply to AI in the same way they do to social media platforms. Additionally, the quality of data used to train these models is more important than the quantity. A smaller model with high-quality data and human feedback can outperform a larger one with random information. A Google engineer's memo titled "We have no moat and neither does OpenAI" further emphasizes this point, as it discusses the lack of network effects and the importance of curating information for AI development. The misconception that larger models with more parameters are inherently smarter has been debunked, as quality matters more than quantity. This decentralized approach to AI development can contribute to the diseconomies of scale for large corporations and government institutions, as the bigger they are, the less they benefit. Instead, smaller teams and open-source projects can drive innovation and competition in the field.

    • Connecting with like-minded investors and utilizing resourcesInvesting and technology success relies on community, resources, and tools. Joining groups, accessing reliable information, and using advanced technology are essential for progress.

      In the world of value investing, feeling isolated and lacking resources can hinder progress. This is why communities like the TIP Mastermind exist, providing a platform for passionate investors to connect, share ideas, and build relationships. On the other hand, in the realm of technology, particularly in the field of artificial intelligence, there's a constant pursuit for better ways to process and make sense of vast amounts of data. This requires advanced tools and the ability to source high-quality information. Jason Brett's journey into the world of neural networks and machine learning is an ongoing process of learning and understanding the latest research and techniques. He emphasizes the importance of finding good data and using AI tools to process it effectively. Similarly, in our daily lives, staying informed about market trends and global events requires the use of reliable tools like Yahoo Finance, which provides access to comprehensive financial news and analysis. Overall, whether it's investing or technology, the importance of community, resources, and tools cannot be overstated.

    • Open-source AI disrupting traditional corporate dominanceThe open-source nature of AI development is challenging corporate control, enabling rapid advancements and accessibility to individuals

      The open-source nature of AI development is poised to disrupt the traditional corporate dominance in the field. This was illustrated in the past with search engines, where Google's ability to scale script-based search surpassed Yahoo's manual approach, despite initially inferior results. Similarly, the advancement of large language models like Llama and the ability to run them on consumer hardware challenges the notion that AI requires massive corporate resources. The decentralization of AI development, with numerous minds collaborating and optimizing models, can lead to rapid advancements and accessibility to individuals. Jason Brett further emphasizes this point, comparing AI's role to a keyboard and mouse, serving as an interface to interact with various applications and programs, rather than the program itself. This shift in power dynamics could significantly impact the future of AI in the next 5 to 10 years.

    • Competitive Advantage in AI: Encryption and MonetizationIn the AI space, prioritizing user privacy through encryption and finding effective monetization strategies are crucial for success.

      In the AI space, offering encryption for data and privacy could be a significant competitive advantage. This is because users are becoming increasingly concerned about data security and are more likely to use services that prioritize their privacy. Joe Carlasare noted that interactions with AI models are becoming computationally heavy, and normal API calls will start costing real money. OpenAI, as an example, has a massive investment but faces the challenge of monetizing their model effectively. If they were to charge too much, users might switch to open-source alternatives. Jason Brett provided an interesting analogy, suggesting that we think of AI models as a compression algorithm for relationships instead of hard-coded data. When you compress a file, you use a math problem to store a lot of information with less computation. Similarly, AI models learn from vast amounts of data and can generate responses based on that learning. When you unzip the file, you get the same information back, but with AI models, you get a response that is unique to the input. The importance of data privacy and the shift towards monetizing AI models are two significant trends in the AI space. Offering encryption for data and prioritizing user privacy could be a competitive advantage. At the same time, finding effective monetization strategies for AI models will be crucial for their long-term success.

    • Learning patterns and relationships in AIAI models learn patterns and relationships between massive datasets through probabilities, fine-tuning existing models is cost-effective, and the extracted relationships can be used by anyone.

      AI models, such as image diffusers and language models, make connections between data by calculating probabilities of relationships between different groups of words or letters. They don't actually pull out specific data but instead learn patterns and relationships between massive datasets. Training these models from scratch is a complex and expensive process, but fine-tuning existing models with new data is much more cost-effective. These relationships and patterns can be thought of as vectors, which can be scaled and built upon over time. However, the process of training AI models from scratch is a significant undertaking, as evidenced by the ongoing efforts to train the Spirit of Satoshi. Fine-tuning existing models, on the other hand, is a more feasible and cost-effective approach. Despite the complexity of AI, the relationships and patterns it learns can be extracted and used by anyone, making it essential to stay updated and adapt to new developments in the field.

    • Exploring Alternative Financial Services Beyond Public.com's High-Yield Cash AccountThe financial tech landscape is shifting towards more accessible and specialized services, particularly in LLMs. Smaller companies can offer niche solutions, like fraud detection, and compete with larger entities. Seek out specialized solutions based on specific needs and trust reputable sources for financial advice.

      While Public.com offers a high yield cash account with an impressive 5.1% APY, the landscape of financial technology is shifting towards more accessible and specialized services. This is particularly true in the field of Large Language Models (LLMs), which are becoming increasingly self-hosted and available to smaller individuals. However, the middle ground will see an explosion of alternative services, as smaller companies with fewer resources can still offer similar services without restrictions. These companies can provide niche solutions, such as fraud detection from publicly traded businesses, which can compete with larger entities like OpenAI. The key is to understand the specific needs of your business or individual situation and seek out the most effective and specialized solution. When it comes to financial decisions, trusting the source is crucial, and tools like NerdWallet can help you make smarter choices. Additionally, the limitations and biases of large models like ChatGPT are being recognized, leading to the need for alternative services that can provide more targeted and unbiased solutions.

    • Focusing on specialized AI modelsThe future of AI development lies in creating modular, specialized models rather than a single, general intelligence. This approach is more efficient and effective, as companies can focus on specific use cases and datasets.

      The future of AI development is likely to be focused on specialized, modular models rather than a single, general intelligence. This is due to the inefficiency of trying to make a single AI that can understand and excel in all areas, as well as the success of companies that focus on specific use cases and datasets. The speaker also mentions that this trend is in line with the principles of evolution and specialization. Additionally, the speaker expresses skepticism towards the idea of KYC indexing everyone's information, stating that it's becoming increasingly easy and cheap to obtain personal information online, making such a system less effective. The speaker also shares an example of how AI can be used in the context of Bitcoin and fraud detection. Overall, the discussion emphasizes the importance of focusing on specific use cases and the limitations of trying to create a general AI.

    • Navigating the Risks of Digital InteractionsStay cautious, establish safe communication methods, and stay informed to secure digital interactions from scams and fraud, especially as technology advances.

      As technology advances, it becomes increasingly difficult to verify the authenticity of digital interactions, such as phone calls or online transactions. This opens up new opportunities for scams and fraud. For instance, deepfakes can make it hard to distinguish between real and fake phone calls, and AI models can easily bypass CAPTCHAs. To mitigate these risks, it's essential to be cautious and establish safe words or other communication methods with trusted individuals. Additionally, the increasing complexity and cost of API calls may require significant funding to combat fraud, making it a challenging issue to address. The anecdote of a merchant services company dealing with thousands of fraudulent charges daily highlights the severity of the problem. Overall, staying informed and taking proactive measures to secure digital interactions is crucial in this evolving landscape.

    • Bitcoin payments lack effective fraud protection compared to traditional financial transactionsMerchants should consider using immediately settling money to prevent chargebacks and fraudulent activities

      The current infrastructure for processing Bitcoin payments lacks the necessary fraud protection and methodology compared to traditional financial rails. This is because Bitcoin payments don't require any infrastructure or thought process on the merchant's end, unlike traditional financial transactions which have a delay between delivery of the product or service and the actual payment settlement. This delay can lead to issues with fraud, bankruptcy, and chargebacks. On the other hand, Large Language Models (LLMs) or AI responses function like instantaneously delivered bearer assets, with the computational cost being paid immediately. Merchants need to understand that they are not just dealing with payment methods, but also with the type of money they are using. The identity verification process (KYC) is seen as a Band-Aid solution to a larger credit and identity problem. To effectively combat fraud, merchants need to recognize the importance of using immediately settling money to prevent chargebacks and fraudulent activities.

    • Twitter's KYC procedures: Outdated and unsustainableTwitter's KYC process is reminiscent of old banking procedures, relies on questionable AI, and is unsustainable, leading to restricted access and deteriorating user experience. A reevaluation of the current approach is necessary.

      Twitter's implementation of Know Your Customer (KYC) procedures is a reaction to a bot problem, but the user experience is becoming onerous and outdated. The reliance on AI for verification is questionable, and the process of verification is reminiscent of setting up a bank account in the past. The current system is out of balance with the technology and is unsustainable, leading to a future where access to services becomes increasingly restricted and the user experience deteriorates. The lack of knowledge about the tools used for bypassing KYC and their increasing accessibility is a concern. The future of the open web may be heading towards a siloed and limited access model, but Bitcoiners who have opted out of KYC from the start will continue to have a superior user experience. Ultimately, there is a need to reevaluate the current approach and return to the drawing board to find a solution that truly fits in our technological world.

    • Revolutionizing Transactions with AI and BlockchainAI and blockchain integration enables secure, instant, and cost-effective transactions, with AI's ability to recognize complex patterns enhancing security and fraud detection in a decentralized ecosystem.

      The integration of artificial intelligence (AI) and blockchain technology is revolutionizing various industries by enabling instant, secure, and cost-effective transactions. The use of public and private keys in blockchain ensures security, and the proof of work remains a hard problem for AI to bypass. This combination allows for the delivery of bearer assets without the need for merchant services or user sign-ups. Moreover, the open-source nature of AI language models (LLMs) and the ability to make hyper-specialized adjustments make them more effective in recognizing complex patterns, such as financial fraud, compared to centralized institutions. The future of AI and blockchain holds a decentralized ecosystem of continuous learning and improvement, with the potential for a VFX revolution and a shift away from the diseconomies of scale associated with large corporations.

    • Fiat currency systems favor large corporationsIn a non-fiat world, smaller companies have a better chance to innovate and grow due to equal access to financing and AI's agility in retraining processes.

      In a fiat currency system, large corporations and institutions have an unfair advantage due to their size, making it difficult for smaller, innovative startups to compete. This is because they can access financing with newly printed money at artificially low interest rates, allowing them to grow and buy up smaller companies. However, in a non-fiat world, this dynamic would not exist, and smaller companies would have a better chance to innovate and grow. Additionally, AI is a game-changer as it allows for the instant retraining of processes and tools without the need for extensive retooling. This agility is crucial in an increasingly rapidly changing business environment. The larger and more settled an organization is in its processes, the more vulnerable it is to disruption brought about by AI and other technological advancements. Ultimately, the era of disruption is leading us towards a future where the focus shifts from individual innovations to the broader scope of how we put the pieces together, making agility and adaptability essential for survival and growth.

    • Technological disruption in AI industryStay updated with experts and trusted sources to filter out the noise and identify worthwhile AI advancements amidst rapid disruption

      Technological disruption is happening faster than ever before, and companies that seem poised to dominate can be disrupted before they've even completed their cycle of disruption. This was evident in the music industry with the rise of digital music subscription services, which disrupted traditional radio and individual song sales, only to be disrupted themselves by new platforms and business models. This trend is also apparent in the field of artificial intelligence (AI), where new companies and models are emerging at an unprecedented rate. For example, OpenAI, which gained massive attention and visitors in late 2022, is already seeing a decline as competitors and alternatives emerge. Keeping up with the latest and greatest AI models can be challenging, and it's essential to rely on experts and trusted sources to filter out the noise and identify what's truly worth paying attention to.

    • Exploring the Future of AI and Abstract ThinkingAI is evolving beyond text and image generation, offering a new layer of abstract thinking that can fundamentally change how we understand and reflect on our own thought processes. Children will grow up with this technology, leading to a new generation of deep thinkers and philosophers.

      We are on the brink of significant innovation in the field of AI, particularly in the area of large language models (LLMs) and other advanced models. These models are not just tools for understanding and generating text or images, but they represent a new layer of abstract thinking that has the potential to fundamentally change the way we understand and reflect on our own thought processes. This is similar to how the Internet and digital environment allowed us to collectively think and reflect on ideas in new ways, leading to an explosion of diverse perspectives and a profound identity crisis. The next step in this evolution is figuring out how to make a mathematical relationship between our thoughts and the patterns recognized by these models, which will likely involve probabilistic relationships between words and concepts. This innovation will allow us to think more deeply and philosophically, with the assistance of AI that can reflect on our thought processes without bias or emotion. As our children grow up with this technology, they will be able to reflect on their own thinking in ways we never could before, leading to a new generation of deep thinkers and philosophers. We are currently at a plateau where LLMs are improving through the addition of more data, but the real innovation lies in the abstract layer of understanding how we think and how these models can help us do so more effectively.

    • Understanding and improving data relationships in AI and social mediaAdvancements in VFX, text-to-video technology, and logic models aim to improve the quality of data and relationships in AI and social media, leading to more realistic environments, better object permanence, and the ability to identify and explain logical fallacies.

      The future of technology, particularly in the realm of AI and social media, lies in understanding and improving the quality of data and the methods used to create relationships and logical pathways. This was discussed in relation to the potential of open source social media protocols like Nostra, as well as advancements in fields like VFX and text-to-video generation. In VFX, for example, the emergence of neural radiance fields represents a novel approach to modeling light and creating realistic environments, while advancements in text-to-video technology aim to address the challenge of maintaining object permanence within pixel relationships. Ultimately, these developments have the potential to lead to significant improvements in the way we create, understand, and interact with digital content. Furthermore, the integration of logic models with language models could lead to LLMs that can identify and explain logical fallacies and contradictions, offering new possibilities for testing and refining ideas. Overall, the key takeaway is that the future of technology will be shaped by a deeper understanding of the underlying relationships and patterns that govern data and our interactions with it.

    • Understanding Interconnectedness of Ideas with LLMsStay informed, critical, and open-minded as LLMs help us make sense of complex ideas and relationships in a rapidly changing world. Follow resources like Hugging Face, AI Unchained, Brian Romelli's blog, Latent Space podcast, and Stability AI for insights and updates.

      Our compartmentalized thinking about religion, government, and everyday life prevents us from seeing the interconnectedness of ideas. The Large Language Model (LLM) has the potential to change this by helping us understand the relationships and models within these systems. However, the last 15-20 years of social media have disrupted political institutions and information control, making it essential to stay informed and critical of sources. For those interested in learning more, resources such as Hugging Face, AI Unchained, Brian Romelli's blog, Latent Space podcast, and Stability AI are recommended. These resources offer insights into how to think about these complex ideas and the latest developments in open source AI. Following these sources and podcasts, such as We Study Billionaires and Bitcoin Audible, can help keep you updated on the latest advancements and insights in this field. The conversation between Guy and his guests highlighted the importance of staying informed, critical, and open-minded in our rapidly changing world. The potential of LLMs to help us make sense of complex ideas and relationships is an exciting prospect, and the ongoing developments in AI and open source projects are sure to bring about significant changes in the coming years.

    • Support the show by leaving a reviewLeaving a review for The Investor's Podcast can help others discover valuable content and support the continued production of insightful interviews.

      Leaving a review for The Investor's Podcast can help others discover valuable content. The hosts expressed their gratitude for any support in the form of reviews, as it contributes to the show's visibility in search algorithms. They emphasized that this simple action can make a significant difference in helping others find and learn from the podcast. So, if you've enjoyed the show, consider leaving a review to help spread the word and support the continued production of insightful interviews. For more information, resources, and to access the show notes, visit theinvestorspodcast.com. Remember, the information provided on the podcast is for entertainment purposes only, and it's essential to consult a professional before making any decisions. The Investor's Podcast is copyrighted by The Investor's Podcast Network, and written permissions are required for syndication or rebroadcasting.

    Recent Episodes from We Study Billionaires - The Investor’s Podcast Network

    BTC190: MMA Legend Kenny Florian on PoW and Bitcoin (Bitcoin Podcast)

    BTC190: MMA Legend Kenny Florian on PoW and Bitcoin (Bitcoin Podcast)
    In this episode of the Bitcoin Fundamentals Podcast, we interview the versatile Kenny Florian, a former UFC fighter known for his impressive career across multiple weight classes. We explore Kenny's journey in MMA, highlighting his work ethic, resilience, and the concept of "proof of work." Kenny shares personal stories, including his near-death experience in Brazil and his background in Brazilian Jiu-Jitsu and Muay Thai. We also discuss how his discipline and hard work led him to discover Bitcoin, and why Bitcoin resonates so strongly with athletes. Tune in for an engaging discussion that bridges the worlds of MMA and cryptocurrency. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:56 - Kenny Florian's journey from soccer to becoming a renowned UFC fighter. 11:25 - The challenges of competing in multiple weight classes in the UFC. 14:09 - Insights into the mental strategies used to stay focused and prepared for fights. 16:02 - The concept of "proof of work" as it applies to MMA and Bitcoin. 25:14 - Personal stories of perseverance, including a near-death experience. 36:29 - How Kenny maintains a positive demeanor in a tough industry. 37:42 - The parallels between the discipline in MMA and the principles of Bitcoin. 39:02 - Why Bitcoin resonates with top-tier athletes and Kenny’s personal journey with cryptocurrency. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Kenny Florian’s X (Twitter) account. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Sun Life SimpleMining The Bitcoin Way Onramp Briggs & Riley Public Shopify Meyka Fundrise AT&T iFlex Stretch Studios Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    RWH047: Investing In The Era of Climate Change w/ Bruce Usher

    RWH047: Investing In The Era of Climate Change w/ Bruce Usher
    In this episode, William Green chats with Bruce Usher, author of a book titled “Investing in the Era of Climate Change.” Bruce, a successful entrepreneur, investor, & Columbia Business School professor, discusses the “once-in-a-lifetime” investment opportunity created by the transition of the global economy to a low-carbon future. He explains how to protect yourself financially as environmental risks intensify, & how to profit as trillions of dollars flow into innovative climate change solutions that will change the world—from electric vehicles to solar energy. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:37 - Why Bruce Usher sees climate change as a huge opportunity (& risk) for investors. 08:34 - How the transition to a low-carbon future will transform the global economy. 10:53 - How extreme weather is finally altering perceptions of climate change. 13:45 - How to protect against environmental threats to your property. 20:39 - Why electric vehicles & renewable energy are key drivers of decarbonization.  33:42 - How Berkshire Hathaway is playing the energy transition.  49:05 - Why leading companies like Apple & Microsoft are serious about sustainability. 54:02 - Why it’s wise to consider environmental factors before buying any stock. 01:03:53 - How to invest in funds & ETFs that reduce your exposure to climate risk.  01:12:44 - How billionaires like Bill Gates & Jeff Bezos invest in climate change solutions. 01:23:01 - What consumers can do to reduce their negative impact on the environment. 01:27:47 - Why Bruce thinks humanity might still avoid catastrophic climate change. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bruce Usher’s book, Investing in the Era of Climate Change. Bruce Usher’s book, Renewable Energy: A Primer for the Twenty-First Century. William Green’s podcast interview with Bryan Lawrence. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Range Rover Sound Advisory BAM Capital Fidelity SimpleMining Briggs & Riley Public Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP642: The Story of Starbucks: Building an Iconic Brand w/ Clay Finck

    TIP642: The Story of Starbucks: Building an Iconic Brand w/ Clay Finck
    On today’s episode, Clay discusses the early days of Starbucks and Howard Schultz’s book — Pour Your Heart Into It.  Starbucks has been one of the market's best-performing stocks over the past three decades. Since the IPO in 1992, Starbucks stock has had an average annual return of 18.6% relative to the S&P 500 returning 10.4% over that same period (with dividends reinvested). Clay unveils the fascinating story of how Howard fended off endless competition to build an iconic brand that’s built to last. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:01 - What led Howard Schultz to join and take over Starbucks. 14:24 - The impact of Howard’s visit to Italy, where there were 200,000 coffee bars. 34:07 - How Howard aligned the interests of the company with the interests of all employees at Starbucks. 48:29 - Lessons Howard learned in taking Starbucks public. 58:13 - How Starbucks was able to dominate big brands in the early days. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Howard’s books: Pour Your Heart into It & Onward. Related Episode: TIP144: Billionaire Howard Schultz's Book Onward — A Story About Starbucks. Mentioned Episode: TIP627: LuluLemon Stock Deep Dive w/ Clay Finck & Kyle Grieve. Mentioned Episode: TIP639: Buffett's Favorite Business Book w/ David Fagan. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Range Rover Sound Advisory BAM Capital Fidelity SimpleMining Briggs & Riley Public Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    BTC189: Prince Philip of Serbia on Bitcoin (Bitcoin Podcast)

    BTC189: Prince Philip of Serbia on Bitcoin (Bitcoin Podcast)
    In this episode of the Bitcoin Fundamentals Podcast, Prince Philip of Serbia joins us to discuss his advocacy for Bitcoin and its potential to offer financial sovereignty. We delve into his journey from a background in finance to becoming a passionate Bitcoin proponent. Prince Philip shares his thoughts on the synergies between Bitcoin and monarchy, the environmental impact of traditional banking systems, and the challenges and opportunities for Bitcoin adoption in Serbia. We also explore his vision for a Bitcoin nation-state and the future of global finance. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:56 - Prince Philip's journey from finance to Bitcoin advocacy. 13:38 - The benefits of Bitcoin for financial sovereignty and inclusion. 15:41 - The synergies between Bitcoin and monarchy. 21:14 - The environmental impact of traditional banking systems versus Bitcoin. 32:08 - The steps Serbia needs to take for Bitcoin adoption. 34:23 - Prince Philip's vision for a Bitcoin nation-state. 36:08 - The role of merchants in driving Bitcoin adoption. 39:51 - Personal anecdotes from Prince Philip's life as a prince and a Bitcoin advocate. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Prince Philip’s X (Twitter) account. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Range Rover Sound Advisory BAM Capital Fidelity SimpleMining Briggs & Riley Public Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP641: Improve Decision Making with Mental Models w/ Clay Finck & Kyle Grieve

    TIP641: Improve Decision Making with Mental Models w/ Clay Finck & Kyle Grieve
    On today’s episode, Kyle Grieve and Clay Finck continue their conversation on Investing: The Last Liberal Art by Robert Hagstrom. We discuss details on why using the right explanation for a business is so important to a good investment thesis, simple ways to improve your reading to get more out of the books and content that you consume, how to use simple mathematical concepts to improve your decision making in real-time, how to understand better System I and System II thinking and how it directly applies to investing, some of the latest mental models Kyle has learned from interviewing recent guests, and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:34 - How to use the proper explanations in your analysis to determine the right comparable best. 06:18 - Why Tesla is so misunderstood. 10:33 - Why the economics of Dino Polska make it an invalid comparison to other grocers. 12:02 - The power of narratives in investing and how we can guard ourselves from getting overly optimistic. 17:43 - How to optimize reading for learning. 40:18 - How to use Bayes theorem to tip odds in your favour and change your position sizing. 45:45 - Why value and prices become disconnected, and how human psychology plays into this. 50:20 - Why intuition (system I thinking) is so difficult to rely on in the stock market. 01:09:22 - How to make thinking in mental models a habit. 01:14:59 - Some of the latest mental models Kyle has learned from interviewing some of his latest guests. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Buy Investing: The Last Liberal Art here. Buy The Great Mental Models here. Learn more about Mental Models here. Buy Poor Charlie’s Almanck here. Buy More Than You Know here Follow Clay on Twitter and LinkedIn. Follow Kyle on Twitter and LinkedIn Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Meyka Sound Advisory Industrious Range Rover iFlex Stretch Studios Briggs & Riley Public American Express USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP640: Investing: The Last Liberal Art w/ Clay Finck & Kyle Grieve

    TIP640: Investing: The Last Liberal Art w/ Clay Finck & Kyle Grieve
    On today’s episode, Clay and Kyle dive into Robert Hagstrom’s book — Investing: The Last Liberal Art. Charlie Munger is famous for popularizing the use of mental models and pulling key ideas from related fields and implementing them to the world of investing. In today’s episode, that’s exactly what we do, starting with the fields of physics, biology, sociology, and psychology. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:27 - How learning new mental models can help us be better investors. 10:49 - Concepts in physics that we can carry over to investing. 25:35 - Lessons we can learn from evolution and complex adaptive systems. 42:00 - What leads to a stock oscillating above and below the intrinsic value. 54:15 - The primary psychological biases as lead to investment mistakes. 01:05:43 - Why Lumine’s incentive structure is a structure worth studying. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Buy Investing: The Last Liberal Art here. Read Seeking Winners blog here. Buy What I Learned about Investing from Darwin here. Buy The Uncertainty Solution here. Learn more about Charlie Munger’s speech here. Learn more about Mental Models here. Read Li Lu’s write-up on value investing in China here. Buy Poor Charlie’s Almanck here. Follow Clay on Twitter and LinkedIn. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Meyka Sound Advisory Industrious Range Rover iFlex Stretch Studios Briggs & Riley Public American Express USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    BTC188: Claude Shannon and Information Theory with Jimmy Soni (Bitcoin Podcast)

    BTC188: Claude Shannon and Information Theory with Jimmy Soni (Bitcoin Podcast)
    In this episode of the Bitcoin Fundamentals Podcast, Jimmy Soni, author of "A Mind at Play" and "The Founders," joins us to discuss the life and work of Claude Shannon. We explore Shannon's groundbreaking contributions to information theory, including the concept of entropy and its importance in data transmission. Jimmy explains how Shannon's work laid the foundation for many of the technologies we take for granted today, including Bitcoin and blockchain technology. We also touch on stories from "The Founders," highlighting the tech pioneers and their innovative contributions. Join us for an in-depth discussion on information theory, Bitcoin, and the history of technology. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:06 - The life and work of Claude Shannon, the father of information theory. 07:10 - The foundational role of Shannon's work in modern technology. 20:31 - The relevance of information theory to Bitcoin and blockchain. 20:52 - Stories from Jimmy Soni's book "The Founders" about tech pioneers. 28:58 - How Shannon's concept of entropy relates to data transmission. 32:52 - Insights into the problem-solving approaches of early tech innovators. 40:42 - How Bitcoin investors can apply Shannon's principles to their strategies. 55:16 - The impact of Shannon's interdisciplinary approach on his innovations. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jimmy’s book, A Mind at Play. Jimmy’s Book, The Founders. Jimmy's X (Twitter Account) Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Meyka Sound Advisory Industrious Range Rover iFlex Stretch Studios Briggs & Riley Public American Express USPS Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    RWH046: A New Golden Age w/ Bob Robotti

    RWH046: A New Golden Age w/ Bob Robotti
    In this episode, William Green chats with Bob Robotti, a great investor who’s crushed the S&P 500 over the last 40 years. Bob, the President & Chief Investment Officer of Robotti & Co, explains why he believes we’re in a “new golden age” for active, value-oriented investors (not index funds); why he expects persistently high inflation; why he’s betting heavily on the resurgence of Old Economy businesses; & how he’s positioned to profit from “the first truly global energy crisis.” IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 12:18 - How Bob Robotti lucked into the ideal job for an aspiring investor.  33:19 - How working for Mario Gabelli was like a one-on-one MBA. 40:22 - Why Bob thinks we’re in a new golden age for savvy stockpickers.  40:48 - Why he’s betting heavily on a “metamorphosis of the Old Economy.” 46:16 - How globalization is evolving as China loses its edge. 50:49 - Why energy-intensive US companies have a long-term advantage. 57:33 - Why owning the “Magnificent Seven” looks like a risky bet. 58:23 - What an era of persistently high inflation means for investors. 1:03:35 - How value investing has changed. 1:19:01 - How Bob is positioned for “the first truly global energy crisis.” 1:38:06 - How his life has been enriched by helping young people. 1:43:45 - What he learned from his wife and father about facing adversity. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bob Robotti’s investment firm, Robotti & Co. Bob Robotti’s writings. Check out MedShadow.org, a health-related site founded by Bob Robotti’s wife, Suzanne. William Green’s podcast with John Spears: Winning the Long Game | YouTube Video. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Meyka Public Vacasa American Express iFlex Stretch Studios Range Rover Fundrise USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    TIP639: Buffett's Favorite Business Book w/ David Fagan

    TIP639: Buffett's Favorite Business Book w/ David Fagan
    On today’s episode, Clay is joined by David Fagan to discuss Don Keough’s book, The Ten Commandments of Business Failure.  Don Keough was the President and COO of Coca-Cola. During Keough’s and Roberto Goizueta’s leadership, Coca-Cola’s stock compounded at 27% per annum from 1981 through 1997.  David Fagan serves as the managing partner at MBF Chartered Professional Accountants, a firm dedicated to supporting small and medium-sized owner-managed businesses across Canada. David was an early member of our TIP Mastermind Community, and he enjoys utilizing it to meet interesting people and learn more about stock investing. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 05:17 - Why the best businesses never quit taking risks. 18:37 - Why being inflexible is a recipe for failure. 20:53 - Why perception is everything and we shouldn’t assume infallibility. 24:24 - What makes trust the foundation of any successful business. 35:19 - How business leaders can balance outside expertise with their own intuition. 39:38 - How we can utilize optimism to win in business. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Don Keough’s book: The Ten Commandments of Business Failure. Related Episode: Same as Ever w/ Morgan Housel | YouTube Video. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Meyka Public Vacasa American Express iFlex Stretch Studios Range Rover Fundrise USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    BTC187: Home Heating and Bitcoin Mining w/ Alex Busarov (Bitcoin Podcast)

    BTC187: Home Heating and Bitcoin Mining w/ Alex Busarov (Bitcoin Podcast)
    Join us as Alex Busarov, founder of Heatbit, discusses combining Bitcoin mining with home heating and air purification. Learn about the challenges, the innovative "heating-by-computing" principle, and the future of decentralized mining. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:21 - The journey of creating the world's first Bitcoin-mining heater. 02:00 - The challenges faced in developing Heatbit One and Heatbit Trio. 05:03 - How the "heating-by-computing" principle works. 08:58 -The environmental impact of traditional Bitcoin mining. 09:27 - How Heatbit addresses these environmental issues. 25:19 - The future of decentralized Bitcoin mining. 29:40 - The vision for placing a Bitcoin-mining device in every home. 34:06 - Insights into the intersection of Bitcoin mining, home heating, and air purification. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out Heatbit’s website. Heatbit's X (Twitter) account. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Meyka Public Vacasa American Express iFlex Stretch Studios Range Rover Fundrise USPS Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

    Related Episodes

    The Intersection of Unschooling & Web 3.0: A conversation with Genii DAO founder, Karema Akilah

    The Intersection of Unschooling & Web 3.0: A conversation with Genii DAO founder, Karema Akilah

    Karema Akilah is a former teacher in the Maryland public schools who began homeschooling her children 20 years ago, of which the past 12 have been devoted to unschooling, or self-directed education. Through her personal unschooling journey, she began wondering about the possibilities of Web 3.0, blockchain technology, and artificial intelligence to capture the magic of the unschooling educational experience. She launched The Genius School and the Genii DAO app to blend the theory and practice of unschooling with decentralization technologies to help build the future of learning. 

    ***

    Sign up for Kerry's free, weekly email newsletter on education trends at fee.org/liberated.

    The Future of Banking with Chris Skinner

    The Future of Banking with Chris Skinner

    Chris Skinner is one of the world's most authoritative voices on the future of banking.

    Chris is a writer, speaker, analyst and commentator covering all things digital banking. Chris has published multiple books on the future of banking and fintech, including most recently ValueWeb, which in Chris's own words explores "the open-sourcing of financial services using apps, analytics, APIs...and blockchain."

    Chris is on the Advisory Boards of a number of companies including Innovate Finance, Moven and Meniga. He has been voted one of the most influential people in banking by The Financial Brand, Next Bank, City AM, Deluxe and Jax Finance. The Wall Street Journal named Chris one of "The Top 40 Fintech Influencers Globally." If that wasn't enough, Seth Wheeler, Brookings Guest Scholar and Former Special Assistant to the President for Economic Policy at the White House, called Chris “one of the most authoritative voices on Fintech anywhere.”

    #78: What is a Smart Contract?

    #78: What is a Smart Contract?

    Welcome to the future of business transactions, where the hassles of traditional contracts are a thing of the past! Web3 smart contracts are revolutionizing industries by automating processes, reducing the risk of fraud, and fostering more secure and transparent business relationships. 

    These self-executing contracts exist on a blockchain network, making them resistant to tampering and censorship. The decentralization of smart contracts not only provides a higher level of trust and security but also increases accessibility and inclusion for businesses and individuals, regardless of their location or economic status. 

    So, are you ready to streamline your processes and unlock the full potential of your business with this powerful tool?

    Please enjoy more podcast episodes and my 3 weekly newsletters via the links found at https://linktr.ee/mitchjackson

     

    135 - Crypto Wars 2.0 with Zooko

    135 - Crypto Wars 2.0 with Zooko

    ✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode:
    https://shows.banklesshq.com/p/debrief-crypto-wars-20 

    As the dust settles with Tornado Cash’s sanctioning news and the arrest of Alexey Pertsev, the space is drawing parallels to the early days of crypto, Crypto Wars 1.0.

    We brought on OG cypherpunk privacy developer and co-founder of Zcash, Zooko to talk about Crypto Wars 2.0.

    Crypto privacy is being tested in new ways and Zooko couldn’t be in a better place to explain the current complexities. What’s the case for crypto privacy? Why is it such a tough problem to solve? Why is Zooko optimistic about the future of crypto privacy?

    What are your thoughts on crypto privacy? Let us know in the comments or on Twitter @banklesshq

    ------
    📣 ConsenSys | Mint a Merge NFT!
    https://bankless.cc/themerge 

    ------
    🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 
    🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

    ------
    BANKLESS SPONSOR TOOLS:

    🚀 ROCKET POOL | ETH STAKING
    https://bankless.cc/RocketPool 

    ⚖️ ARBITRUM | SCALING ETHEREUM
    https://bankless.cc/Arbitrum 

    ❎ ACROSS | BRIDGE TO LAYER 2
    https://bankless.cc/Across 

    🦁 BRAVE | THE BROWSER NATIVE WALLET
    https://bankless.cc/Brave 

    🌴 MAKER DAO | DECENTRALIZED LENDING
    https://bankless.cc/MakerDAO 

    🔐 LEDGER | SECURE STAKING
    https://bankless.cc/Ledger 

    ------
    Topics Covered:

    0:00 Intro
    6:25 Zooko’s Background
    8:30 The State of Crypto Privacy
    13:26 A Privacy Enabled Society
    18:34 The Case for Privacy
    27:53 Why Privacy Equals Freedom
    32:38 The Chilling Effect
    35:26 Negative Externalities
    38:28 Consent & A.I.
    47:22 A.I. vs. Cryptography & Law
    55:53 Crypto Wars 1.0 vs. 2.0
    1:05:25 CDBC & The Clipper Chip
    1:09:26 Why Isn’t Crypto Privacy Bigger
    1:18:45 The Crypto Experiment
    1:22:51 Solving the Privacy Problem
    1:24:30 Privacy & DeFi
    1:30:00 PoS & Roll-ups
    1:42:50 Optimism on Crypto Privacy

    ------
    Resources:

    Zooko
    https://twitter.com/zooko 

    Zcash
    https://z.cash/ 

    -----
    Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. 

    Fintech & Venture Capital with Pascal Bouvier

    Fintech & Venture Capital with Pascal Bouvier
    Pascal Bouvier (@pascalbouvier) is a full-time venture capital investor, fintech practitioner and prolific blogger.
     
    Before becoming a full-time venture capitalist, Pascal founded and ran startups, worked for commercial and investment banks, and has been at one time or another a CFO, COO, CIO… the list goes on.
     
    Pascal is currently Venture Partner with Santander InnoVentures. Prior to joining InnoVentures, he built the fintech venture arm of Route 66 Ventures into a top global fintech investor.
     
    To anyone hoping to get into venture capital: check our Pascal’s bio for what high energy, proactivity and variety of experience looks like.
     
    You can follow Pascal's thoughts on Twitter, LinkedIn and on his must-read fintech blog, finiculture.com.