Скачать с ютуб The Future of Crypto Investment (w/Dan Morehead & Joey Krug) в хорошем качестве

The Future of Crypto Investment (w/Dan Morehead & Joey Krug)

Dan Morehead and Joey Krug of the blockchain investment fund Pantera Capital sit down with Michael Green of Thiel Macro. The group explores the current state of cryptocurrency, blockchain technology, and the current investment environment. In addition, Morehead and Krug look ahead to the future of distributed ledger technology to explore how smart contracts will create value for users and investors by reducing transaction costs and eliminating middlemen. Filmed on May 22, 2018 in San Francisco. Watch more Real Vision™ videos: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Watch more by starting your 14-day free trial here: https://rvtv.io/2IfQ7LO About The Interview: The smartest minds in finance sit down for incredibly deep-diving discussions. Peer-to-peer conversations between the rock stars of the financial world. About Real Vision™: Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™. Connect with Real Vision™ Online: Twitter: https://rvtv.io/2p5PrhJ Instagram: https://rvtv.io/2J7Ddlw Facebook: https://rvtv.io/2NNOlmu Linkedin: https://rvtv.io/2xbskqx The Future of Crypto Investment (w/Dan Morehead & Joey Krug)    / realvisiontelevision   Transcript: For the full transcript visit: https://rvtv.io/2IfQ7LO DM: I'm glad you said that. Because very few people go before 1992 when they do their internet analog. And if you think about it, ARPANET was around from the 70s and only 1% of the world used it in 1992. They created a browser, made it easy for the rest of us. And then exploded into use, right? And I think that's the way Bitcoin is right now. There's a couple percent of the world that use it. So it is potentially the 80s internet rather than the, is it '95 versus '99 argument. And again, there, I had a fascinating debate on CNN with an academic who is a very rare breed of an animal-- a super negative academic on Bitcoin-- and had written a paper, R.I.P, Bitcoin. It's Time to Move On. It's failed. It's Pets.com. And the story there is the article was written when it was at $400. And now it's at $9,000. So you're really missing this massive asymmetry in the leverage. DM: And then again, to call it Pets.com is really forgetting who was the majority investor in Pets.com It was a guy who saw a very disruptive technology, wanted to invest in a lot of different ways to use this disruptive technology. One was selling pet food on the internet. Didn't work. The other one was selling books on the internet. It worked. And so, that's they way people should view Bitcoin, Ethereum, XRP. Not all of them are probably going to work. But if you have a portfolio of them and it's as disruptive as we believe, the portfolio would do quite well. MG: Well, I think we can actually name that individual. Jeff Bezos. And not the founder of Barnes & Noble. So I agree with that, that people need to think about it from a portfolio perspective. There is this interesting question about, we've been doing it-- and the analogy, in terms of time horizon, also helps to address what people are pushing back on. One of the rallying cries for those who are super bearish crypto assets is, we're 10 years in, and there's not a use case yet. All right. Well, as somebody who grew up in Silicon Valley, there was no use case for the time that I spent banging away on a Trash80. It was a total waste of my time as my father was very happy to remind me. But it ultimately grew into something that was totally unrelated. And RadioShack is now bankrupt under Tandy Corp, as it was back then. But it's something that we use every single day. And again, crypto seems difficult to look at and think that it's not going to be a feature of the universe, whether it's Bitcoin or Bitcoin Cash or smart contracts in the form of Ethereum. These all seem like things that are absolutely destined to happen.