Eric Weinstein vs Bitcoin Community | Anthony Pompliano and Lex Fridman

[@qine6559]

I think Weinstein's point was refreshing and new. I want more anti Bitcoin arguments that are compelling. It frightens me that I may be wrong about bitcoin, but I wont hide from counter arguments. It was refreshing hearing W on the issue tbh

[@tanahmed8017]

That’s why it’s important to be cautious when allocating you’re portfolio. I have a 30% allocation in bitcoin and this is based on my research of the probability it will become successful, in whatever what that may be.

[@xxdaggerxx5]

Basically if you insult the bitcoin religion, the zealots will come after you. People are emotionally invested. Happens every time when people start making tons of money without actually doing anything.

[@ericmorrison8772]

without doing ANYTHING?? hmmm.... they risked capital. Could have went to zero

[@xxdaggerxx5]

@@ericmorrison8772 oh wow what a great accomplishment buying bitcoin

[@mattmyers2624]

@@xxdaggerxx5 ... and will be left "holding the bag" - in Ponzi scheme terms - if they don't manipulate or force society through propaganda, regulatory and institutional capture via politicians or policy, etc.

[@juliansoto2651]

@@xxdaggerxx5 have you bought then?

[@theyshouldhavenevergivenme5439]

@07:35 yes this is probably the reason for a 'toxic' crypto community. Then again IMHO a community doesn't have to abide to social media nettiquette. It's also not a real-live convo, 'Respect' is a different beast online. You better don't go online with a feeble mind and strong opinions because the perceived disrespect would kill you pretty fast.

[@chadalston3313]

Who gives a fuck what strangers think- speak your mind.

[@glitchinthematrix3559]

Lex really said banker in the streets bitcoiner in the sheets 🤣

[@RyanKassel]

I went thru all the f-ing comments to try to find a link or full explanation to wtf Eric said. No dice :/

[@BanksyMane]

On Eric's last appearance on this podcast (#163 Round 4) there's a segment towards the end labeled 'Cryptocurrency'. This is most likely only a small portion of what they're talking about here though with a lot of the back & forth and expounding on ideas probably taking place on Twitter.

[@flyingfrog7634]

There is a BIG difference between Bitcoin (BTC) maximalists and the rest of the crypto community. The BTC Maxis are extremely dogmatic and toxic, especially towards the rest of the crypto space. The rest of the crypto space is far more open-minded.

[@gems34]

Most of the Bitcoin community started out embracing Altcoins only to realize that they are shitcoins. Noobs who fail to heed their warnings will be scammed

[@anizzutz1107]

@@gems34 You can't deny there are gains to be made in Alts. You just have to know when to take your profits.

[@bjeanty2452]

@@anizzutz1107 exactly lol, and even if you’re a maxi you can use those profits to buy bitcoin

[@juliansoto2651]

Many Bitcoin maxis were altcoiners at some point. Only some of them who get deeply into it realize that we've been misled by the altcoiners. At least that's my case. I'm not saying I'm enlightened or something, but bitcoiners generally seem to be more knowledgeable. I think you have to get exposed to both worlds.

[@irvinmartin5789]

Hard for me to see why EW’s opinion matters on the subject.

[@masonz7162]

Also hard to see why AP’s matters lol

[@irvinmartin5789]

@@masonz7162 tbh I don’t think his opinion matters either, at least to me - but he called it super early and made gainz. He eats and sleeps Bitcoin for a living and has for a very long time now. So there really is no comparison between the two.

[@irvinmartin5789]

@@johnmark8984 shut up

[@jimfrandsen2863]

Real question. What if they turn off the internet? Can that realistically happen? I know that would cause so many other issues as well. Seriously curious.We take it as a given.

[@darko2407]

It's not the internet, it's the Power. Each Bitcoin transaction has the same environmental outcome of burning 75 gallons of gasoline. Stay away from proof of Work, it's not gonna end well, you've been warned.

[@varpen]

I’d worry more about quantum computing rendering block generation algorithms and encryption obsolete, which then sends cryptocurrency in the shitter.

[@eddiewiggles9398]

The internet has been turned off before in some Countries just not Worldwide.

[@ltleske8826]

@@varpen there are crypto coins which are quantum resistant like QRL (Quantum Resistant Ledger)

[@jdevil8877]

The pushback to shit posting and memes IS the evolutionary pressure. They are the magic trick that is understood and becomes boring.

[@Krptokrayon]

Eric can think deeply but not clearly. His only contribution of meaning is exposing the religion of scientific consensus.

[@x0rn312]

Lex is such an inspirational human being, specifically in the way that he tries to keep things positive while remaining intellectually honest- That is a difficult tightrope to walk. I think we should all take an example from Lex and make a serious effort to be more decent to each other.

[@chazzbranigaan9354]

You should look into his being ousted from MIT for intellectual dishonesty along with his downright fraudulent research surrounding self driving cars. Research he himself has completely removed from his website. So he doesn't stand behind it. Additionally, he is known to heavily censor anyone who challenges him on an intellectual level. For instance this comment will be deleted. Do the research though. It's not all roses lol you think.

[@AlstarPalmer]

Thanks guys

[@artsyguy209]

Np

[@DKFX1]

Bitcoin feels toxic as hell. A giant community teeming with get rich quick personalities. I don't think the world would lose any substantial value if BTC disappeared tomorrow.

[@tomlawton5116]

I think about people looking at a problem with fresh eyes as the bacterial ancestors of modern mitochondria. The immune system attacks them as a member of the class 'pathogen' understood as harmful, thus missing potential advantages in symbiosis that could be revolutionary. There has to be a respect for that in any community's immune system, otherwise it will stagnate and fail to adapt.

[@XenoTravis]

Wtf did Eric say?

[@cetetrips]

Lex saying "i got a phd, i know shit" hahaha love it

[@jontakaki503]

Lex has a black belt and a phd. Are these the ultimate sign of a deep rooted feeling of insecurity? Most likely yes.

[@cetetrips]

@@jontakaki503 cries in 0 1 0 1 0 1 1 0 1 00 1 11 01

[@oj1101]

ADA?

[@mckennaman99]

Shitcoin

[@oj1101]

@@mckennaman99 please explain

[@applejuice5635]

Please don't ask people in KZbin comments sections about an alt-coin. It's about the worst thing you can do. Do your own independent research. Other great resources would be the Telegram and Discord groups for a specific cryptocurrency. And Google.

[@oj1101]

@@applejuice5635 I always do. Just like to use KZbin to do more research as well. ADA the future tho

[@applejuice5635]

@@oj1101 I'm holding a hefty bag! Good luck to you 🙏🏽

[@shughy1]

The anonymous aspect means people are more honest about their feelings, good and bad, clever and stupid, fud and shilling, all sorts of game play mixed in. It is only shocking because freedom of speech is so controlled in mainstream consumer media. Just remember you need to have a backbone to get into the uncontrollable world of crypto

[@hiThere-im6wt]

Bitcoin has a cult vibe...coming from someone who owns a few bitcoin.. bitcoin is so feminine

[@eddiewiggles9398]

💯

[@tanahmed8017]

We’re living in a very interesting era. This can potentially become a paradigm shift as M Saylor would put it. And I wouldn’t want to miss out on it. I guess, it’s not a silly thing to have an allocation in bitcoin - in fact it’s probably smarter to have some allocation in bitcoin then not having any at all.

[@ProjectSkrillexNL]

even ray dalio would agree with you by now one year after you wrote that comment

[@thomastmc]

Lex "I know a lot of shit" Fridman

[@elliot1784]

Dogecoin for scalable exchange of goods & services. Fiat2.0 Bitcoin for store of value. Gold2.0

[@gu3sswh075]

Is Doge is still around in the future, I’d be very surprised. The coin is literally a joke. It’s a meme 😅

[@chadalston3313]

Litecoin, Doge was a fork of it.

[@scroogemcduck1462]

I was with him until he said "the Bitcoin critics hasn't done their homework". This is a typical example of someone rejecting something that goes against their own personal narrative or agenda. Most people in the cryptocurrency community started out with Bitcoin, but has become critical of Bitcoin and the community because they know it so well.

[@ceezb5629]

I like Eric’s ideas BUT Anthony P had me dying 🤣 when he said Eric is one of the super intelligent people that often admits when they’re wrong... Eric W has been pushing his geometric gauge theory for about a decade now... it’s been widely ignored... not once has he said maybe I’m wrong or let me go back to the drawing board. Don’t bs people Anthony.

[@lostwithdan4331]

Can anyone actually tell me what Eric Weinstein has done? I hear a lot fo things about how smart he is and what he has done, but I have not seen or found anything that he has actually accomplished ? Not hating, but for all the talking he does I expected more of stuff to find from him.

[@fiarusgaming3420]

He's got a Ph.D. in mathematics and made hundreds of millions of dollars in finance.

[@rettoc2599]

Give peace a chance

[@stridedeck]

They miss the whole point of currency and yet they continue to stare at their belly button and massage each others intellect!

[@Poopinpooop]

“I know a lot of shiiit” Lex Fridman

[@William_Fields]

Lex your kind thoughtful approach to harshness always reminds me that Tolstoy died in a train station of pneumonia, in part, because of his wife’s persistent ugly tirades against his ideas. Ideas that were well formulated and interwoven within the great literature network of the world. Your focus upon love is going to test your network worthiness asymmetrically. You are going to receive unfair treatment, especially, as your youth fades.

[@William_Fields]

@@JeffCaplan313 The goodness of your hobby is a fact for all to witness- and perhaps you made some very wise decisions that are a consolation to what is lost. Can we imagine what she is thinking now? There is no denying that a man and a woman, working together are able to create wonderful things. What I admire about your story is that you authentically attempted to share your ideas with her.

[@eddiesantini5130]

If you have to say how smart you are .There’s a problem .

[@daleroark730]

Pump proof of steak is not D centralized

[@MH7919]

Talk to Nouriel Rubini

[@efisforfawn6335]

i think bitcoin is just myspace.but in the future a facebook is coming.

[@efisforfawn6335]

@@Sapyenology I mean who knows. Ofc there's a race to be the first to conquer new territory but I just think first draft blue prints rarely succeed on the first run. Something better usually comes along. I suspect bitcoin will be scrapped of it's good ideas and restructured in a better version of crypto currency. People might just be buying into the short term get lucky and rich idea.

[@dannyboy9848]

I have always had a problem with the term decentralized. It is a marketing slogan at best and an outright lie at worst.

[@adelinaquijano1083]

he offer but I said no I settle first and I'm plan to go there.

[@newbwheeler9777]

I have no idea what the f**k they are talking about...🤔

[@oscarbarron1302]

He’s basically just upset that the crypto community was mean to him 😂

[@seanc06791]

Lol imagine caring what eric thinks about bitcoin.

[@ransbarger]

Imagine caring what you think.

[@timtreetwats]

Anyone who thinks human communication is a beautiful dance isn’t really looking.

[@Poopinpooop]

What do you mean? I’m sure they’re saying at top performance

[@Dan16673]

Crypto feels more like a cult

[@eddiewiggles9398]

It IS a cult.

[@eyemallears2647]

That’s not the question though is it.

[@archstanton2411]

The immune system destroys the body?

[@RyNiuu]

if you or ideas are wired incorrectly then it's similar to autoimmune disease. Maybe you don't mean to be self-destructive you end up like that anyway.

[@MrTonycapt]

I feel all thats coming from the crypto space is truely exciting, I am in my 60's . I 've noticed a level of errogance in the tribal youth involved in this space for sure.

[@Humanaut.]

@@timferriss.3935 scam bot

[@Boatswainbill]

Lex’s videos are so much better if you fast forward when Lex is talking.

[@garysteeley1932]

PoW doesn't work.

[@Freedom0rBust]

Bitcoin is like a religion to some people. You can't criticize it.

[@cultraclub]

I dont know man. Dude is a marketer by trade. Started a failed hedge fund. Now has a new hedge fund that focuses solely on Block Chain and is going on a big BTC promo run..... I"ve never seen someone shill this hard for a coin since I use to trawl the Moonshots reddit a couple years ago lol. Reminds me of the stereotypical shit coin shills spamming every crypto related sub reddit.

[@theguildedcage]

Yes, it has been Anthony Pompliano's shilling that has moving to a ten trillion market cap, to the forefront international money mechanics, governmental acceptance, and the explosion of ideas when it comes to decentralized finance and like. That goddam shill has been busy.

[@chadalston3313]

@@theguildedcage Ten trillion? A little ahead of yourself.

[@sarelvandermerwe8763]

12:22. When a man comes to town...

[@user-or7ji5hv8y]

There has been a lot of talk about institutional involvement and consequent accompanying regulations. But I find it hard to see how governments would legitimize decentralized crypto with oversight and laws given the national security issues that would be raised. Mining of crypto can happen even in adversarial states. Given the unknown edge cases of risks, would any government risk their national security on such a decentralized platform?

[@jadepenn7407]

Hi C, there are a few hidden premises involved before we get to your conclusion: 1. There is more than talk of institutional involvement 2. There are already many accompanying regulations 3. Given 1 & 2 it can be argued that some governments have legitimized crypto. Powell, Reserve Bank Chair (for instance) just this week said "bitcoin is digital gold". 4. Mining of BTC is not the power centre of BTC. Its more distributed that than. See previous block wars. I really like your last comment about edge cases and national security though. To be honest, no. Or at least, not yet. OR perhaps, not desperate enough. The main point is that Reserve Banks do NOT need to get involved for this to be a success.

[@Ttobbane]

Speculation within financial markets has been high jacked by logic processing systems that are making projections that humans have a very difficult time doing on their own. AI and computer algorithms help eliminate human error in an endless variety of ways, but has a poor time analyzing emotions. Crypto traders use emotions to their benefit, since it helps soften the accuracy of logic processing systems. Trading and speculating on emotions is essentially the only way to compete with logic processing systems, and those with a high level of logic themselves have a hard time understanding the tactics of emotionally based trading. Asset classes of past have been manipulated to a large degree. It is kind of funny watching the Ivy league bred squirm as they have to come to terms that emotionally incapable AI will create areas of speculation to be completely unaccounted for. Nobody ever finishes a game of Monopoly to completion once the winner is revealed. Good luck dealing with the overly emotional poor people staring at the winners, telling them "they better lock their safes." AI isn't gonna help you in the cryptoverse.

[@quaidcarlobulloch9300]

Young Peter Thiel

[@sarelvandermerwe8763]

7:20. Dunning Kruger 2.0.

[@TheMonkeyHat]

Honey Badger dont care.

[@davidallanmusic]

Lex is suffering from spiritualism.

[@happyfase]

Are you sure you're not suffering from materialism?

[@davidallanmusic]

@@happyfase That's what you gathered from that 1 sentence?

[@andreideev1545]

Bitcoin attracted a lot of a-holes and became a cult.

[@THeSPARTEnMORTER21]

i hate when people say bitcoin is the future, its going to replace the dollar.... bitcoin itself has no value, it only has value because we assign a dollar amount to it.

[@Humanaut.]

The truth is no currency has intrinsic value. Every currency only has value because we agree to use it and trust in it. That's it. You can also turn it around one day and say the dollar only has the because we attribute a btc value to it. Bitcoin has value because people agree to use it. This value is sustained because of the trust in the protocols of it. You can buy a Tesla with it, meaning a real tangible thing.

[@eddiewiggles9398]

Yes. That's 100% accurate

[@eddiewiggles9398]

@@Humanaut. Elon Musk currently owns some Bitcoin himself so allowing Tesla transactions using it is a legal loophole for manipulating the value of Bitcoin. All Cryptocurrencies are literally worthless.

[@Humanaut.]

@@eddiewiggles9398 Well they can not be literally worthless since they can be literally converted into dollars ;) Like I said, just like the OP, you seem to not take into account that all currency is inherently worthless but gains value merely by us agreeing to use it. What is the value of a dollar? The value is only generated because someone else agrees to accept it as a means of payment and give you goods/services in return. This is backed by the government which generates trust. If you don't trust the government, you can choose to trust math and decentralized encryption protocols instead. BTC has started out as an asset and is moving more and more into the space of a currency which it already definantly is. You should contemplate the concept of value. Once it was sea shells, beads or salt. Then it was dollars/euros/yen etc. Soon it will be BTC/ETH/ADA.

[@eddiewiggles9398]

@@Humanaut. US Dollar is backed by Natural Resources and The Military. Bitcoin is digital gold, keyword being digital. You can make a ton of money investing in Cryptocurrencies but it's more likely than not a Bubble so don't hold on too long unless You have a high risk tolerance. I understand how it all works.

[@adonis2362]

NO ONE DOES IT BETTER THAN E X P E N D A B L E M O N E Y S O L U T I O N C O M

[@utah20gflyer76]

Bitcoin is already severely outdated and because there is so much resistance to improvement it will eventually go to zero. Other cryptocurrencies will over take it and eventually destroy it. Imagine a computer system from the 80s. How much would that be worth today….nothing!

[@edwardlee9845]

I like the intelligence when faced with criticism. Listen up. We need to encourage dialogue between each other. Shouting matches r for children. Explaining each other’s viewpoint is the only way to learn and evolve. But if if good where we at then. Don’t listen. I not bothered

[@edwardlee9845]

Thank u. I feel like I’m getting smarter by just listening to h speak

[@jumanjiwarlord]

The phrase “speak my truth” should be cancelled. Lol. Along with “checks all the boxes”.

[@bigjoe807]

I have been investing with bitcoin was unsure where to go for a long time. I must say Mr. Poop Johnson has helped me achieve financial success and helped me prosper.

[@bigjoe807]

Mr. Poop Johnson helped me turn around my negative investments and become debt free!

[@ReclaimYourMind]

Bitcoin is also freedom and just like the rugged individualists who set out to make their fortune during the gold rush; they don't need or want to answer to anyone; I can say what I want, act how I want, do what I want so long as it doesn't infringe on your rights.

[@henrychoy2764]

Thought more about these ideas than anyone ... ... ... ... Who said stuff like this????? Some guy with orange hair, people called him the lotus. Hmm. No I think it was potus.

[@gavinbrando8255]

Its a pyramid scheme

[@johnmartin650]

Lex needs to stop trying to sound intelligent. He either got too many pats on the head or not enough.

[@GBlunted]

Just need to, "RTFM" before you go asking questions or talking about shit...

[@TheNewMediaoftheDawn]

You’re “infecting” the masses with your ideas and memes, the stench of your humanity makes me sick, it’s disgusting, you’re like a virus replicating itself across the world, and I’m here to stop it... (-Something Agent Smith might say)

[@velly027]

They talk shit. Just buy bitcoin and hold it for years

[@batman400msp7]

NO ONE DOES IT BETTER THAN E X P E N D A B L E M O N E Y S O L U T I O N C O M

[@bahiskanal5718]

NO ONE DOES IT BETTER THAN E X P E N D A B L E M O N E Y S O L U T I O N C O M