$SPX
Trending UpSnapshot Window: 2026-07-19 04:50 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
Episode out now: yt.openinapp.co/pnmjt I guess one must understand something before they can have a view. I still don’t fully understand crypto, but here’s a first-principles attempt at learning… [Spoken audio]: There's actually, I can't remember the name of the film, it was an Indian film I saw, but it was basically about three engineers and like, they all- Three idiots. Yeah, that was such a- I don't think that film would have been made in America because people don't celebrate engineers like that. I don't know, do you think that that's, is that true? Yeah, I have never traded a Bitcoin, ever in my life, never bought one. So I feel comfortable taking the contrarian view because somebody here also has to. Five years ago when I thought crypto blockchain, I thought democratic, open, free, accessible. When I think of crypto today, the imagery in my mind is more President Trump and stuff like that. I think crypto is inherently apolitical. It's true that Trump has really embraced it. You know, I'm an engineer by backgrounds. I never really had any interest in government. And my simple assumption as a young entrepreneur was that as long as I just follow the law, I don't have to interface with the government at all. Well, it turns out if you're building in a new area, the law is often times unclear. And if your company gets big enough you will eventually intersect with government even if you have no interest in the government The government will eventually develop an interest in you You sued them and you won We did, we sued the SEC, we won, I'm glad you know that, thank you I heard of Banker and if you park money with me I get one percent But if I park money in a stable coin you get four percent It's a problem It's competition It's actually a problem right? Well it's a problem in terms of they're going to have to improve their products and maybe offer more to their customers but I don't see it as a problem systemically or something like that. I force every guest I ever have to pick a stock that is not their own to buy if they only had one dollar to allocate to something. What would you buy? Oh well, I mean... So...