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cypto news 17

#1
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'} span.s1 {color: #dca10d}
And I did notice your reference to The Matrix on Twitter recently where you did that great Twitter thread sort of linking what it really meant for the pills, and I think that speaks to what you’re mentioning right now, this sort of a choice of the foundation that you’re going to create some of these super and national institutions out of, or even just ideas that link us together. Maybe they’re not institutions at all, or maybe they’re just the type of tissue that goes between us all, so that we can transact, and have these types of relationships without the sort of pieces in the wall that were necessary to make it happen before.
Nolan Bauerle: (32:50)
So once again mentioning the reference to your Twitter thread and graph, or chart, or particular visual insight you have to offer the audience that can really sort of capture what you’re thinking right now with bitcoin in the world?
Meltem Demirors: (33:07)
Yeah, absolutely. I think just going back to that thread one of the points I was trying to make was the point around systemic risk, and SIFIs, or systemically important financial institutions, and what that means for systems. So I think one chart that’s really important, one graph that’s really important, I thought to keep in mind is the percent of the total bitcoin supply that’s held in third-party custody, and there is this ongoing sort of meme in the bitcoin community around not your keys, not your coin.
Meltem Demirors: (33:40)
But there is a fundamental question I have that if we institutionalize and financialize bitcoin, and we take 50% of the world’s bitcoin supply, lock it up somewhere with the GTCC, and we start trading paper certificates that represent an underlying bitcoin, and sort of dematerialize bitcoin markets, and detach them from the underlying, what does that really do for us other than to create a new tool for speculation? I’m not really sure.
Meltem Demirors
Reply
#2
(11-14-2019 07:17 PM)Baff1 Wrote: p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'} span.s1 {color: #dca10d}
And I did notice your reference to The Matrix on Twitter recently where you did that great Twitter thread sort of linking what it really meant for the pills, and I think that speaks to what you’re mentioning right now, this sort of a choice of the foundation that you’re going to create some of these super and national institutions out of, or even just ideas that link us together. Maybe they’re not institutions at all, or maybe they’re just the type of tissue that goes between us all, so that we can transact, and have these types of relationships without the sort of pieces in the wall that were necessary to make it happen before.
Nolan Bauerle: (32:50)
So once again mentioning the reference to your Twitter thread and graph, or chart, or particular visual insight you have to offer the audience that can really sort of capture what you’re thinking right now with bitcoin in the world?
Meltem Demirors: (33:07)
Yeah, absolutely. I think just going back to that thread one of the points I was trying to make was the point around systemic risk, and SIFIs, or systemically important financial institutions, and what that means for systems. So I think one chart that’s really important, one graph that’s really important, I thought to keep in mind is the percent of the total bitcoin supply that’s held in third-party custody, and there is this ongoing sort of meme in the bitcoin community around not your keys, not your coin.
Meltem Demirors: (33:40)
But there is a fundamental question I have that if we institutionalize and financialize bitcoin, and we take 50% of the world’s bitcoin supply, lock it up somewhere with the GTCC, and we start trading paper certificates that represent an underlying bitcoin, and sort of dematerialize bitcoin markets, and detach them from the underlying, what does that really do for us other than to create a new tool for speculation? I’m not really sure.
Meltem Demirors
Reply


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