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  • it's almost 10 years ago since I started this show London Real and you know, I started it with you know having conversations with my Brazilian jiu jitsu buddies and I know you train, I know you're a brown belt, I'm a purple belt and you know we were just having conversations and you know it changed, we started talking about mindset and nutrition and physicality and then You know Roger back in 2013 people were talking about this thing called Bitcoin and and I didn't know who to talk to about it, I put a tweet out and everyone said talk to max Keiser right in London and I thought who is this crazy dude, you know, and we were battling back and forth on twitter, he came over to the studio, I didn't know if I'd have to choke him out or not um but he came on and for 90 minutes he just gave this crazy rant, went off on Bernanke but also talked about this incredible, interesting Cryptocurrency and you know, that was kind of the beginning.

  • Roger of my journey here with Cryptocurrency on London Real.

  • Now, A couple years later I had Andrea since Annapolis on and he came on in 2015, 17 and 19 and you know, Andrea's he's an amazing guy, he was visualizing the future, the Internet of money, but at the time we were still kind of playing around with with Bitcoin and we just, I still couldn't see it happening.

  • And so we just kept doing what we were doing last year.

  • As you know, we had a head to head fight for freedom of speech.

  • We did the second largest Youtube live stream in the world and it got deleted and band.

  • And we went on that whole journey.

  • And then this year I ran for Mayor of London and we had to go head to head just to have free and fair elections.

  • They tried to ban me from campaigning.

  • The police stopped me in the streets.

  • It was crazy.

  • And then when we didn't win mayor, I started looking back into defying crypto and Roger.

  • I was blown away by the amount of innovation that had happened even in the past 16-18 months.

  • And you know, I actually traded on Wall Street in the 90s, I was involved in on some really complicated fixed-income derivatives trades.

  • They, they recruited me from MIT just to do this stuff and I thought, I haven't seen innovation like this in 30 years and yet it's happening from three dudes in Israel or five, you know, girls in Sweden right or anonymous people out there that are setting up these decks is, and I was just like, wow, I want to be a part of this.

  • So we've kind of gone all in on defy, we created an academy, I got hundreds of students from around the world that are really embracing this idea of financial freedom.

  • I've had some great guests on and I couldn't be more excited but I really wanted to have you on because you're one of the O.

  • G.

  • S in the space, you know, stands for original gangster.

  • If people don't know, I mean you've seen 10 years of this, so you bring opinions to this space that a lot of people don't, a lot of people are new and I'm wondering If you gave an honest assessment of Bitcoin since when you first saw it in 2011 until now in 2021, Is it what you expected it to be if you had to give it some maybe pros and cons or some criticism or some praise, Is it what you thought it could be?

  • Or did it surprise you in some ways and disappoint you in other ways.

  • So one of my favorite thinkers is a man named Ray Kurzweil who wrote an amazing book, They just Spiritual machines and a number of other great things.

  • And he says that humans always tend to overestimate the amount of progress we make in the short term, but we underestimate the amount of progress that will make in the long term.

  • And I think the same was true of my involvement in Cryptocurrency and when I got involved in 2011 it was less than a than a dollar.

  • We all felt that like, oh, in just a few months this is going to take over and the money for the world.

  • And sure enough it didn't happen within a few months, but here we are a decade later and it's really made amazing, amazing, amazing progress.

  • But back then there was only Bitcoin today, there's Bitcoin of course there's a theory and there's Manero, there's Bitcoin cash, there's a million and one different projects out there and all these different decks is in this and that and it's just amazing blossoming of innovation happening all over the world.

  • And the part that makes the innovation so exciting is that it's permission list, it cannot be stopped.

  • And so to answer your question directly about Bitcoin specifically the thing that everybody's calling Bitcoin today.

  • Uh to be honest and frankly it's an embarrassment, I'm ashamed of what Bitcoin became at this point.

  • It was effectively censored and someone like yourself who's dealt with censorship directly, you know what a giant problem that is.

  • The fees intentionally were made so high on Bitcoin that everybody has to use a custodial account like a coin base or or Paypal or something like that.

  • And we just saw in the news a couple of days ago Paypal was talking about how they're going to censor everybody that doesn't hold politically correct views from being able to send payments with Paypal.

  • Well if you your Cryptocurrency is so expensive to use directly that you have to use a custodian to hold it for you.

  • You're subject to their censorship again.

  • And that's the entire thing.

  • We're trying to route around with all this Cryptocurrency stuff is to put people in charge of their own money so they have permission list peer to peer electronic cash for the world and yeah a lot of people be mad that I'm calling Btc and embarrassment today but that's because they're holding billions of dollars worth of market cap is in Bitcoin of those people are talking their book so to speak.

  • But at the end of the day try and make a Bitcoin transaction and then try and make a transaction with just about any other coin.

  • Any other coin works better.

  • And in fact to all of our viewers here in the next 24 hours if you just email me roger at Rogers dot com I'll send you five bucks in Bitcoin cash for free, no strings attached.

  • Just mentioned London Real.

  • And it's not because five bucks is a lot of money it's because five bucks isn't possible to send directly from person to person on Bitcoin most of the time anymore because it's effective been censored and that's why I'm just sending Bitcoin cash or you know some other currency I'd be fine with doing as well but it's just really really amazing how the entire world doesn't realize that Bitcoin has effectively been neutered from being peer to peer cache for the world.

  • It's now just the speculative asset.

  • And I was listening to your interview with Michael Sailor right before we jumped on here.

  • He got involved in Bitcoin last year in 2020 and I saw him saying recently that people tried to change Bitcoin and like that's about the Bitcoin that everyone is calling today.

  • That is the changed version.

  • That's the one that had its legs taken right out from under it and can't work as part of your cash anymore.

  • And it's just the speculative asset where everyone is speculating on future speculators, whereas the real action is happening in the defy space of course, and on the peer to peer cache space.

  • Like we're seeing this, if you go on the dark net market and I'm not advising you to buy anything but go on there and poke around and take a look.

  • Nobody is using Bitcoin, they're all using the narrow on there at this point.

  • So it's really, really a sign of the times that if something doesn't have a secondary use case, it's not going to be used as a store of value.

  • And that's the whole narrative around Bitcoin and so it's a store value.

  • Well, I have news for you in the U.

  • S.

  • Everybody uses the dollar is a store value because they can spend it everywhere in the UK.

  • Everyone uses the british pound is their store value because they can spend it everywhere.

  • Whatever currency winds up being expendable everywhere on the internet is going to be the same Cryptocurrency that people wind up using as their store of value.

  • And uh sadly as someone that was launching the very first businesses in the world to start accepting Bitcoin for payments, Bitcoin stopped working for payments unless you're using a custodian, and if you're using a custodian, it's not really any more exciting than Paypal at this point.

it's almost 10 years ago since I started this show London Real and you know, I started it with you know having conversations with my Brazilian jiu jitsu buddies and I know you train, I know you're a brown belt, I'm a purple belt and you know we were just having conversations and you know it changed, we started talking about mindset and nutrition and physicality and then You know Roger back in 2013 people were talking about this thing called Bitcoin and and I didn't know who to talk to about it, I put a tweet out and everyone said talk to max Keiser right in London and I thought who is this crazy dude, you know, and we were battling back and forth on twitter, he came over to the studio, I didn't know if I'd have to choke him out or not um but he came on and for 90 minutes he just gave this crazy rant, went off on Bernanke but also talked about this incredible, interesting Cryptocurrency and you know, that was kind of the beginning.

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Roger Ver On Why Bitcoin Is An Embarrassment ? Watch For FREE $5 Worth Of BitcoinCash

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    林宜悉 posted on 2021/08/06
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