Matt really hit it out of the park with his answer about AI.
I forget who said it, Musk maybe, but it was along the lines of "people vastly overestimate the amount of change that will happen over the next 2 years, and vastly underestimate the amount of change that will happen over the next 10 years". This plays into these recurrent tech bubbles that keep happening in the stock market, from the current AI bubble, to the dotcom bubble, and John Michael Greer even pointed out to me how the roaring 20s could be looked at as the mass communication bubble which I hadnt thought about before. All of these technologies have or will cause tremendous change in humanity's organization, but a hunch of money rushes into them before the tech is mature and creates a speculative bubble without a foundation.
Also, the last 20-30 minutes of this show was some of the best content you've had so far Mike, at least for someone who is a parent. My son still has a decade+ before he will be going out in his own, but I already worry about it, and Matt's book is definitely going to be on my reading list for that. Definitely a lot of I resemble that remark in how age peer groupings can take someone off course, and how an older mentor can be a real boon, I wouldn't have a family without the help of a professor that took me under his wing.
So you asked for my thoughts last night .about this interview. I'm @bcsurvivor7
on X. I think Matt Smith makes the best educated guess that he can about what Trump is trying to do with the economy and whether we will go to war with Iran. I agree with Matt, I think we will, unfortunately. But like he said, they are not going to tell us exactly what they are doing. I'm concerned we will end up with a CBDC because if we do we are all screwed. Fedgov would use it for control. Probably not at first, and it also probably would be a choice at first. Matt seems to be objective about Trump and the interview was quite interesting.
There are several. https://www.paxos.com/pax-gold is another example. the difference is mine would be focused locally. People could walk into a facility and redeem their crypto for physical gold on demand. and I'd work to make it something people actually use in day to day transactions in my local area. Would it work for customers outside of Uruguay? Sure. But, having a local facility where you know your gold is safely stored and you can walk in to redeem is very different than what's offered elsewhere.
I noted that 'local' statement in your discussion. Kinesis is working towards that but, of course, it can only be by Blockchain P2P or through their Debit Card the latter of which is only available in major countries (I can't use it here in Malaysia for example).
'LBMA vaults in London' (Paxos). That makes me shudder given recent machinations 🤣🤣. At least Kinesis is 121 allocated in various ABX vaults, and audited annually.
Matt really hit it out of the park with his answer about AI.
I forget who said it, Musk maybe, but it was along the lines of "people vastly overestimate the amount of change that will happen over the next 2 years, and vastly underestimate the amount of change that will happen over the next 10 years". This plays into these recurrent tech bubbles that keep happening in the stock market, from the current AI bubble, to the dotcom bubble, and John Michael Greer even pointed out to me how the roaring 20s could be looked at as the mass communication bubble which I hadnt thought about before. All of these technologies have or will cause tremendous change in humanity's organization, but a hunch of money rushes into them before the tech is mature and creates a speculative bubble without a foundation.
Also, the last 20-30 minutes of this show was some of the best content you've had so far Mike, at least for someone who is a parent. My son still has a decade+ before he will be going out in his own, but I already worry about it, and Matt's book is definitely going to be on my reading list for that. Definitely a lot of I resemble that remark in how age peer groupings can take someone off course, and how an older mentor can be a real boon, I wouldn't have a family without the help of a professor that took me under his wing.
Keep up the great work.
I agree thanks for watching
So you asked for my thoughts last night .about this interview. I'm @bcsurvivor7
on X. I think Matt Smith makes the best educated guess that he can about what Trump is trying to do with the economy and whether we will go to war with Iran. I agree with Matt, I think we will, unfortunately. But like he said, they are not going to tell us exactly what they are doing. I'm concerned we will end up with a CBDC because if we do we are all screwed. Fedgov would use it for control. Probably not at first, and it also probably would be a choice at first. Matt seems to be objective about Trump and the interview was quite interesting.
Such wisdom in a man that's almost a generation younger than I. He's usually so 'background' when with Doug C.
My goal with the podcast I do with Doug is to share his wisdom with the world. I'm merely a facilitator.
We have a Gold Standard crypto already. It's called Kinesis Money :-/
There are several. https://www.paxos.com/pax-gold is another example. the difference is mine would be focused locally. People could walk into a facility and redeem their crypto for physical gold on demand. and I'd work to make it something people actually use in day to day transactions in my local area. Would it work for customers outside of Uruguay? Sure. But, having a local facility where you know your gold is safely stored and you can walk in to redeem is very different than what's offered elsewhere.
I noted that 'local' statement in your discussion. Kinesis is working towards that but, of course, it can only be by Blockchain P2P or through their Debit Card the latter of which is only available in major countries (I can't use it here in Malaysia for example).
'LBMA vaults in London' (Paxos). That makes me shudder given recent machinations 🤣🤣. At least Kinesis is 121 allocated in various ABX vaults, and audited annually.
agreed. if its unallocated they are total fools