Bitcoin Strengths & Weaknesses with George Gammon

 
 
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“What some people in the Bitcoin community have in common is they don’t know what they don’t know, but they think they know everything.”
— George Gammon

SHOW DESCRIPTION

Location: Remotely
Date: Friday 11th December
Company: The Rebel Capitalist Show
Role: Host

Bitcoin is a revolutionary thing that will potentially have a hugely positive impact on the world. Bitcoiners believe in its ability to change many aspects of the modern world by reducing the role of the state and leading to a more open and free society but this vision isn’t shared by all.

With memes like Bitcoin fixes this applied to everything from central banking to inequality and war, however, for those looking from the outside, does this behaviour look like a religion or cult?

In this interview, I talk to George Gammon, an investor and YouTube host who is “bullish Bitcoin, bearish Bitcoiners”. We discuss his Bitcoin thesis, where he thinks its strengths and weaknesses lie and his thoughts on the Bitcoin community.

TIMESTAMPS

00:03.54: Introductions
00:06:51: Peter's approach to bitcoiners
00:09:19: A brief history of financial systems
00:13:15: If Bitcoin were the global money…
00:18:20: How would the transition to a Bitcoin economy work?
00:20:00: David Hume's price-specie flow model
00:23:33: The consequences of Bitcoin being banned
00:27:35: Puerto Rico Act 20 and Act 22
00:29:58: George's 10/80/10 investment strategy
00:33:11: Bitcoin and politics replacing faith in religion
00:34:32: What George likes about Bitcoin
00:39:29: Referencing Jim Rogers, investor
00:41:23: Investment portfolio construction
00:45:49: Property investment vs Bitcoin investment
00:50:41: Varying risk appetites
00:54:42: The US deficit
00:59:31: Different investments for different folks
01:06:52: Investment tips from George
01:09:10: Final comments

 

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SHOW NOTES

PodcastPeter McCormack