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  • let me get to that moment where it clicked for you with Bitcoin because you said you studied this for three years and you know, you know that that you know it is about right, you left the White House to 17, you started accumulating in 2020 you know, I've heard you say some pretty impressive things about you know, this, this piece of technology and you said before either you get it or you don't um to a lot of people, what was the thing where you were like, okay, I'm convinced now, you know, and again, you didn't have to do this, you know, I mean you were running a conference, you know, a massive funds.

  • You could have easily stayed out of this game and continued your life, but you decided to go into this into the fray into the storm.

  • Um so something must have clicked with you or maybe that's also your personality.

  • Well, I I don't want to be overly philosophical, but there was a Eureka moment for me um when Mark Andresen said that this was more important to work on than the Netscape browser that he created than the actual web browser and all the exponential growth synergy and productivity of that, I said it was like I got to understand this better when Jack Jack Dorsey, the founder of Square and twitter said that the most important thing he can work on in his lifetime is Bitcoin and the Blockchain.

  • Uh these guys are a lot smarter than me brian and I said, okay, I have to understand where they're coming from and I don't want to oversimplify this.

  • But I want your listeners and viewers to understand something if they're right and I believe they are.

  • What is the Blockchain providing?

  • It's providing permission lists, transaction activity is providing peer to peer transaction activity.

  • We don't have to trust each other.

  • We have to know each other, but we can trust the forces of the Blockchain to allow us to transfer value or to exchange goods and services without bartering.

  • Uh, just when you think about this for a second, you get your identity from the government, you know, in the in in new york, I'm issued a new york state driver's license and I'm issued a governmental passport from the United States if I want to travel abroad.

  • But with the forces of the Blockchain, I could actually prove that it's me over the Blockchain and I could self create my identity over time where sovereigns and other people will actually accept that that actually make, that's my fingerprint in the digital space you stop and you think about it from that point of view, The synergies, the cost savings to the dramatic changes in our world.

  • Um, you know, I buy deodorant from amazon uh, the donor and I buy is typically made by Procter and gamble or Unilever.

  • Amazon is a third party.

  • I'm going to them because I trust them.

  • They're going to deliver it to my doorstep.

  • And those two producers of the deodorant trust amazon that amazon is going to pay them.

  • But over the Blockchain, I may be able to someday go directly to those two producers.

  • And they'll trust that they're gonna get that payment because it's coming to them over the Blockchain, that value transform and they may be able to deliver that the order directly to my house, cutting out that third party.

  • Now, that seems incredulous to people, But it may not be.

  • And so when you really understand the philosophical tenant of what is going on here, uh that we've improved our money the same way this smartphone has improved our communication and we have more computing power in this phone than landed those people on the moon 52 years ago.

  • Uh the the internet of money could start eating our bank branches.

  • It could start eating our service providers that we see as third party intermediaries in the exchange of commerce.

  • And uh let's just talk about this phone one more down.

  • All these books in this room can be eaten by this phone.

  • In addition, there's room on there for my videos.

  • There's room on there for my photography or I have a search mechanism where I could search all the great libraries of the world from this phone.

  • So what is software doing?

  • It's actually eating the world.

  • It's miniaturizing it.

  • And this electronic form of money can actually do the same thing.

  • We could start seeing things disappear and I'll tell you what that's very green uh in the 19 fifties, sixties, seventies eighties.

  • I'm driving to the bank branch.

  • So is the tell her we're gonna heat that bank branch in the winter.

  • We're gonna cool it off in the summer.

  • I think of all that carbon admission.

  • But now I can just use this phone and I can begin the process of transacting with each other.

  • But I just want you to think of the ecological savings of that and the monumental cost savings involved.

  • And so once you get that, once you have that Eureka moment in the immortal words of Michael Sailor, I know you've had him on.

  • He said his first Bitcoin was the hardest one to buy.

  • But once you buy the first one, you recognize, you don't know enough of it, you have to figure out more ways to squeeze more and more of it into your portfolio.

  • And so I hope that wasn't too long window.

let me get to that moment where it clicked for you with Bitcoin because you said you studied this for three years and you know, you know that that you know it is about right, you left the White House to 17, you started accumulating in 2020 you know, I've heard you say some pretty impressive things about you know, this, this piece of technology and you said before either you get it or you don't um to a lot of people, what was the thing where you were like, okay, I'm convinced now, you know, and again, you didn't have to do this, you know, I mean you were running a conference, you know, a massive funds.

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Anthony Scaramucci on The Forces Of The Blockchain ⛓

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    林宜悉 posted on 2021/09/15
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