SLP232 Lyn Alden - Bitcoin as Emerging Store of Value
Play • 57 min

Lyn Alden of Lyn Alden Investment Strategy joins me to talk about how Bitcoin is emerging as a new store of value. We discuss misconceptions on bitcoin, the impact of the constant low key influx of new capital, gold vs bitcoin, concentration of bitcoin, and the broader macro environment we find ourselves in.

Lyn Alden links:

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Once BITten!
Once BITten!
Daniel Prince
@AlvaroSanmartin - A Class Of 2020 #Bitcoin Noob Already Giving Back To The Community!
BTC $ 38,602 Today's guest on the show is @AlvaroSanmartin who joins us to discuss the art of learning and how we can apply the tactics he has learnt over the years to help educate more people about #Bitcoin! Listen to @AlvaroSanmartin describe his rapid descent into the #Bitcoin rapid hole and how @saifedean book The #Bitcoin Standard has unlocked yet another bitcoiner! How does a noobie go from non-coiner to bitcoiner to building a project to give back to the community in just a matter of weeks? What the hell does @realmadrid have to with #bitcoin and our conversation? Does the proposed project of https://mindsstudio.com/bitcoin/ have legs, will people be interested in joining to meet with and learn alongside others? If you do have interest in this project I will be working closely alongside  @AlvaroSanmartin and joining the sessions. I will also ask #Bitcoin guests to join us to discuss what topics that we decide to dive deeper into! Thank you @AlvaroSanmartin for coming on the show to share your journey and your project and welcome to the #bitcoin rabbit hole! I stand on the shoulders of giants, these guys are amazing. Thank you: @coinfloor @swanbitcoin for your trust and support. @adamwoodhams1 for producing the show. @jimreapermusic for creating www.once-bitten.com @hodlerthanthou and the Britcoiners @twentyoneism. Shills and Mench’s: www.coinfloor.co.uk/bitten www.swanbitcoin/bitten @Vladstan @galileoxp @Saifedean @RaulGonzalez @realmadrid FLORENTINO PÉREZ RODRÍGUEZ - CEO - Real Madrid https://www.realmadrid.com/en/about-real-madrid/the-club/structure/board-members @Luckynumber17_ @TampaBayRowdies
1 hr 17 min
On The Brink with Castle Island
On The Brink with Castle Island
Castle Island Ventures
Iain Murray (Competitive Enterprise Institute) on the history of Operation Choke Point (EP.169)
Iain Murray, VP of Strategy at the Competitive Enterprise Institute, joins the show to discuss the history of Operation Choke Point, a 2011-2015 program used to exclude legal businesses from banking led by the DoJ and FDIC. In this episode: * How Iain Murray came to be one of the main historians of Operation Choke Point * The roots of Choke Point in the crackdown on poker sites in 2011 * How Choke Point was started on a whim by two midlevel DoJ lawyers in 2011 * How OCP targeted completely legal but politically disfavored industries * How mechanically the DoJ was able to get banks to comply with their informal guidance * Why the closed nature of banking means that alternatives financial service providers for these industries couldn't be created * How bank consolidation meant that OCP was easier to instrumentalize * How successful was Choke Point in marginalizing targeted industries? * Did OCP have buy-in from the highest levels of the Obama administration? * How regulations should have implemented the rules they sought to create with Choke Point – and why they chose not to * How OCP was an end-around the administrative procedure act, and why it was done covertly * Was there any accountability for the individuals behind OCP? Was anyone fired? * Why individuals on any side of the political spectrum should be concerned about OCP * Did Choke Point ever really end? * The long term enduring effects of OCP * How the Wyoming SPDI is a reaction to Choke Point * Whether Iain agrees with the OCC's 'Fair Access' rule Content mentioned in this episode: * Iain Murray at CEI, Operation Choke Point: What it is and why it matters * OCC, 'Fair Access' rule
1 hr 1 min
The Blockchain Debate Podcast
The Blockchain Debate Podcast
Richard Yan
Motion: Tether has always been acting in bad faith (Bennett Tomlin vs. Larry Cermak, co-host: Patrick McKenzie)
Guests: *Bennett Tomlin (@bennetttomlin)* *Larry Cermak (@lawmaster)* Host: *Richard Yan (@gentso09) Patrick McKenzie (@patio11, special co-host) * Today’s motion is “Tether has always been acting in bad faith.” This topic is very relevant for today’s markets because Tether is simultaneously an incredibly important, if not the most important, source of on-ramp liquidity for crypto, and a controversial, legally-challenged, blackbox operation that make market participants worry about their undesirable dealings and, worse, imminent collapse. We previously had a similar debate on this with Matthew Graham from Sino Global Capital vs Cas Piancey, the independent crypto commentator and Tether skeptic. So definitely check that out. Today’s debaters are Larry from the Crypto publication and Bennett Tomlin, another crypto commentator and Tether skeptic. The episode was also co-hosted by Patrick McKenzie, who also did extensive independent research on Tether. If you’re into crypto and like to hear two sides of the story, be sure to also check out our previous episodes. We’ve featured some of the best known thinkers in the crypto space. If you would like to debate or want to nominate someone, please DM me at @blockdebate on Twitter. Please note that nothing in our podcast should be construed as financial advice. Source of select items discussed in the debate (and supplemental material): * Paper claiming unbacked Tether drove BTC price: * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066 * Papers dispelling the above notion: * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3175876 * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3508006 * Patrick McKenzie comprehensive history of Tether: https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/ * Bennett Tomlin blog: https://bennettftomlin.com/ * The Block publication: https://www.theblockcrypto.com/ * Amy Caster Tether timeline: https://amycastor.com/2019/01/17/the-curious-case-of-tether-a-complete-timeline-of-events/ Guest bios: Bennett Tomlin regularly publishes articles about fraud in the crypto space via his blog. His dayjob is data scientist and fraud investigator in the pharmacy benefits area. Larry Cermak is Director of Research and Analysis at The Block, a crypto research, analysis and news outlet geared toward institutional investors. Patrick McKenzie is a Tokyo-based entrepreneur and commentator. He wrote a thorough recount of the Tether controversy on his personal website. Patrick works for the Internet at Stripe. All comments are his own.
1 hr 16 min
The "What is Money?" Show
The "What is Money?" Show
Robert Breedlove
The Saylor Series | Episode 9 | Economics, Inflation, Interest Rates, and Natural Competition
Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin. 00:00:00​ - Episode Trailer 00:01:06​ - Swan Bitcoin 00:03:22​ - Robert’s Intro Economics 00:06:46​ Science of Infectious Disease, Sterilization, & Antibiotics 00:08:33​ Economics with Dirty Money Defective Money is Toxic 00:09:33​ Meditations on Toxicity as a threat to life 00:11:33​ Inflation Myths & Misconceptions 00:12:33​ Jedi Mind Tricks in Economics –“No Inflation Here” 00:13:33​ Early Retirement in your Consumer Basket 00:15:06​ Questioning Basic Premises of Economics 00:15:23​ “We can’t tell people what to think, but we can tell them what to think about” 00:15:33​ 30 year Bond calc – Mistake Inflation & Interest Rates 00:17:09​ Inflation Coefficients & Drivers 00:18:49​ Scarcity in Real Estate & Goods 00:19:59​ Agreement on bleeding George Washington to death 00:20:33​ Energy content in products, services, & assets 00:23:33​ Cherry Picking the Inflation Bucket for CPI 00:25:02​ Obscene Asset Inflation 00:26:33​ Scarce= High Energy Value 00:27:07​ Inflation is Theft, but most don’t realize this 00:28:26​ Inflation is Freezing to Death 00:31:00​ Real Yields vs. Asset Inflation Rates 00:31:52​ Storing Value in Equity & Debt 00:34:47​ Why do Stocks always go up? 00:37:27​ Big Tech vs. the entire Equity market 00:38:14​ Darwinian Competition 00:40:04​ Humility & Stoicism 00:41:54​ Challenges of Competing & Commercializing Acquisitions 00:43:52​ The Law of Decimation & Murphy’s Law 00:45:14​ Underestimating the cost of maintenance on assets 00:45:47​ Dangers of Youthful Ambition & Empire Building 00:47:33​ 10% tithe as a continuing theme 00:49:11​ Words don’t matter – Actions matter 00:49:31​ Paradox of Marcus Aurelius & Imperial Virtue 00:52:03​ Marcus Aurelius & the Crypto Keys to Empire 00:53:53​ There is always time to snatch defeat from the jaws of victory Natural Competition 00:54:50​ Darwinian Vitality & Antifragilty 00:55:29​ Terrifying Natural Beauty 00:56:11​ Everything is at its finest when tomorrow is uncertain. 00:56:23​ Ants at War on a Sunny Day 00:57:52​ Lions & Antelope on Television 00:59:18​ Dynamic Equilibrium & Ecosystem Health 01:00:53​ Paradox of the Engineer vs. Zookeeper 01:01:30​ Easter Island Ecosystem Collapse 01:02:10​ Free Market is Economic Expression of Darwinian Equilibrium 01:03:33​ - Robert's Outro 01:42:27​ - End -- See My Work: https://linktr.ee/breedlove22​ Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Stack sats: https://www.swanbitcoin.com/breedlove/​ Twitter: https://twitter.com/Breedlove22​
1 hr 43 min
What Bitcoin Did
What Bitcoin Did
Peter McCormack
The Ultimate Bitcoin 101 with Vijay Boyapati
“Go and buy some bitcoin, even if it’s a small amount. You don’t have to have a huge amount in your portfolio but you shouldn’t have zero, zero doesn’t make any sense. This is one of the most exciting innovations to money in 1000 years.” — Vijay Boyapati Location: Remotely Date: Thursday 14th January Company: Independent Role: Software Engineer and Author As we are in another Bitcoin bull market, many new people will be considering investing, but understanding what Bitcoin is and why it is important isn’t straightforward.  Bitcoin is multifaceted, and the use cases can vary dramatically depending on where you live in the world and your circumstances.  There is no standard narrative or way of explaining Bitcoin; for example, it is a medium of exchange, a way to bypass government and as an inflation hedge. Others are investing in Bitcoin to speculate against the net benefit of all use cases. To help answer some of the most common questions and lay to bed some of the common misconceptions, I talk to software engineer and author, Vijay Boyapati for the ultimate Bitcoin 101. This episode’s sponsors: Kraken - The best place to buy, sell & trade Bitcoin BlockFi - The future of Bitcoin financial services Sportsbet.io - Online sportsbook & casino that accepts Bitcoin Casa - The leading provider of Bitcoin multisig key security. Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets. ----- WBD300 - Show Notes ----- If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following: Become a Patron and get access to shows early or help contribute Make a tip: Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S QR Codes: Bitcoin If you do send a tip then please email me so that I can say thank you Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed Leave a review on iTunes Share the show and episodes with your friends and family Subscribe to the newsletter on my website Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
1 hr 14 min
Bankless
Bankless
Bankless
48 - Death of Dollar Dominance | Lyn Alden
🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ ----- DEBRIEF OF THIS EPISODE (Member-only): https://shows.banklesshq.com/p/exclusive-lyn-alden-debrief ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️ AAVE - BORROW OR LEND YOUR ASSETS https://bankless.cc/aave 🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP https://bankless.cc/go-gemini 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith 📱 DHARMA | MOBILE ONRAMP DIRECTLY INTO DEFI https://bankless.cc/dharma ------ 48 - Death of Dollar Dominance | Lyn Alden Lyn Alden of Lyn Alden Investment Strategy has quickly risen to fame in the Bitcoin universe for her sharp analysis on long-term macro trends and brings plenty of data to back up her analysis. She’s one of our favorite macro and economics minds. Global macro events have such a strong interplay with crypto. In order to understand crypto, we need to understand the big picture We ask Lyn about the changes forces around the US Dollar, as demand and supply of the Dollar is less understood and less stable than ever before. We also ask Lyn about the relationship between the position of the U.S. Dollar as the world reserve currency, and the social unrest found inside the U.S. borders. It turns out, that the U.S. Dollar as the world reserve currency is not the best situation for those that reside inside the country! We bring up Ray Dalio's Long Term Debt Cycles mental model, and ask Lyn to connect it to the Fourth Turning Theory, in an attempt to discover some of the hidden forces behind the social unrest found in America. Fourth Turning Theory: https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory Highly recommended Lyn Alden piece on the Future of the Dollar https://www.lynalden.com/fraying-petrodollar-system/ Sign up for Lyn’s monthly macro newsletter https://www.lynalden.com/january-2021-newsletter/ ------ Don't stop at the video! Subscribe to the Bankless newsletter program http://bankless.substack.com/ Visit the official Bankless website http://banklesshq.com/ Follow Bankless on Twitter https://twitter.com/BanklessHQ Follow Ryan on Twitter https://twitter.com/ryansadams Follow David on Twitter https://twitter.com/TrustlessState ----- 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. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case
1 hr 40 min
The Scoop
The Scoop
The Block
Meet the CEO trying to convince every multi-billion dollar insurance fund to buy bitcoin
Bitcoin investment firm NYDIG raised $50 million in October, quadrupled its clients and life insurance company MassMutual purchased a minority stake in the firm. This came about because bitcoin is transitioning to a predominantly institution-owned asset, according to NYDIG CEO Robert Gutmann.  MassMutual made a $5 million equity investment in NYDIG last December, as well as a $100 million bitcoin investment for its general investment account through NYDIG. On today's episode of The Scoop, Gutmann said this event could open the floodgates for insurance giants to get in on bitcoin. “You are going to see a lot of dominoes fall after this," he said. Based on the set of macro circumstances 2020 presented, insurance companies are starting to question whether they can go forward only buying corporate credit to make good on policies, according to Gutmann.  "Over some number of years, it's hard for me to imagine it is not all of them [investing in bitcoin]," he said. "If MassMutual can get there from a diligence perspective so can the next one...It's definitely coming." He also sees publicly-traded companies following in the footsteps of Square and MicroStrategy. Both firms allocated a portion of their balance sheets to bitcoin.  In Gutmann's view, these companies have a "fiduciary duty to consider whether holding 100% of your assets in dollars is in the best interest of your shareholders." "Reasonable people can have different opinions about that, but I personally don’t think only Jack and only Michael and no one else is going to do a cold analysis of that and not come to that conclusion," he said. On today's episode of the Scoop, Gutmann also touched on: Why he expects more insurance companies will enter the crypto space over time How the MassMutual deal came to be Why public companies are interested in bitcoin and how the adoption narrative for public companies is similar to that of insurance firms Why his institutional clients are only interested in bitcoin  NYDIG's M&A strategy. Listen to today's episode on Apple, Spotify, Google Play, Stitcher or wherever you listen to podcasts.
46 min
The Crypto Conversation
The Crypto Conversation
Brave New Coin
Axie Infinity & the blockchain gaming play to earn revolution
Axie Infinity is a Pokémon-inspired blockchain-based digital pet universe where players can earn tokens through gaming. Players can battle, collect, breed, and build a kingdom for their pets. Like CryptoKitties, Axies are non-fungible tokens (NFTs) represented as cryptographically unique characters that can’t be replicated. And like Pokémon, they are born to battle. While Axie can be just a game, it has built a strong social network, passionate community, and emerging jobs platform due to the play to earn opportunities it is generating. Guest: Jeff Zirlin Why you should listen: Jeff grew up playing games like Neopets, Pokémon, and World of Warcraft. “I played so much WOW that my parents sent me to boarding school,” he says. “I’ve always been a collector. As I kid my dad and I would collect fossils and insects. And as a lifelong gamer, I’m a digital collector as well, so I was predisposed to be interested in blockchain gaming.” The blockchain gaming play to earn revolution started to gain traction after it emerged that a large community of players in the Philippines was earning money playing Axie Infinity. Jeff says "Most game companies sell in-game resources, items, and upgrades. With Axie there's an in-game resource that you need to create more Axies and it's called the love potion. So most game developers would sell this love potion, and people would pay for it. In Axie we don't sell it ourselves, the only way that love potions can be created is by people playing the game. Players who have big Axie collections need the love potion to breed Axies and have to buy the token from a liquidity pool on UniSwap or from Binance. So players can earn a basic income and we've seen that with the rise in value of ETH, this can appreciate significantly.” Key takeaway: The power of blockchain games is that they're becoming more than games. They're becoming places that we can live, work, and play. The eventual vision is to create a Metaverse similar to Ready Player One where people spend the majority of their time. “We believe in a future where work and play become one,” says Jeff. “And we believe in empowering our players and giving them economic opportunities.” To do this the Axie team is committed to aligning the incentives of the Axie community. Players can earn the AXS governance token. The token economics were designed by Delphi Digital. Delphi Digital has invested a significant amount of capital in buying several extremely rare Mystic Axies. If Axie Infinity continues to gain traction Mystic Axies will grow in value in the future. Jeff says “We’re seeing the rise of Mystic Axies and other NFTs as a true asset class. This trend accelerated when Delphi Digital picked up some of the rarest Axies in the game, like quadruple Mystics, triple Mystics. You can think of Mystics as rare and valuable skins. It makes sense that there's a lot of interest around NFTs and it makes sense because we live in a digital world.” Supporting links: Axie Infinity Delphi Digital on Axie Leverj Jeff on Twitter Andy on Twitter Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
51 min
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