Probably one of the most underrated conversations out there.
@PoshakDua3 жыл бұрын
Paras Chopra is taking intellectual conversations in India forward 🚀🚀🚀♥️
@georgegurdjieff373 жыл бұрын
thanks Paras
@vishalwaghmode48623 жыл бұрын
Insightful
@unnyradhakrishnan2383 жыл бұрын
This is quite a deep topic. Thanks for the kind of topic and the interesting people you bring for these conversations. But so many questions popping up in my mind: - How/Why do we say that bitcoin cannot be inflated? Are we saying it is a natural force? - To get the real benefit, dont' we need a single crypto currency? (and not some 4000 or 8000 that already exist) - Can it be safely said that the power to create bitcoin/crypto currency will not be concentrated in a large group of people? - bitcoin is akin to a democracy based on truth (and not a lie). what does it really mean? - if we all agree lobbying is wrong, isnt Big Tech also the culprit (and not just the policy makers?). Or are we saying/justifying that this little 'wrong ' is for better 'right' in the future? - the winners from the current system are the one who is funding the crypto economy. the incentive they see cannot be any different from any other system. so why should crypto be different? - it is us, the humans, that created a currency based money, and it is us who are are creating crypto currency. (both are stories created by us, as Harari would say). Then, what is the guarantee that this would be better? - everything becoming digital --> more chips --> more precious metal mining --> and so on (other externalities).... So, why do we believe this can positively impact climate change? May be i will have more questions or more answers after I read the book.
@boldconjectureswithparasch63822 жыл бұрын
Great questions. I hope you get answers to at least some of them in his book.
@weaver032 жыл бұрын
1. the code of bitcoin can theoretically be changed to increase supply, but there has to be consensus among the miners, developers, and users. if you try to change the code without consensus and it is not backwards compatible, you will spawn a new chain that will have a fraction of the value of the original. rational users would not choose the new chain because the supply cap is the primary reason bitcoin is a viable money. 2. these new coins are essentially bitcoin with different rules. different block size, different protocols, different supply cap, etc. the biggest difference is that these new alt coins have foundations that control the rules in the same way a central bank does. so while you can have cool features and brilliant code in some projects, they cannot be an alternative to central banking because they operate in similar manners. 3. if bitcoin is primary currency, you can only obtain more producing more than you consume. if you consume, then you distribute. this is contrary to today where you can produce more than you consume, but you can also use debt to obtain assets that increase in value whenever the central bank increases the money supply. so if you know how to play the game today, then you benefit from the resulting inequality. there will always be inequality, but some would consider working for wealth more fair than borrowing/owning for wealth. 4. just a guess, but a lot of bit coiners are fans of Austrian economics which oppose government intervention. so if you take stupid risks, you should win stupid prizes. 2009 til today has been about taking stupid risks and getting rewarded/bailed out. ie. too big to fail. 5. idk. 6+7. not all crypto is the same. there are tons of rug pulls and scammy icos. bitcoin specifically is thought to be different because under bitcoin reserve currency, everything would get cheaper, we would be incentivized to work and save. our savings would have a higher likelihood of retaining purchasing power. there would be less appetite for debt + speculation in the market in order to keep up with inflation and thus less boom and bust cycles. 8. they think it means it will lead to less consumption. things will keep getting cheaper, so you buy what you need and save the rest.
@robbybroon49043 жыл бұрын
just watched three interviews with Jeff - Jeff: you need to clean your camera lens with a cleaning cloth, so you don't look like a soft-focus glamorous lady in Star Trek: The Original Series. Buy a cloth soon, they are going up!