Max and Stacy discuss the public pension funds piling into ‘alternative assets’ seeking yield. These pension funds need 7.5-8% to meet their obligations and yet are earning only 6.2-6.4% in this low interest rate environment. In the second half, Max interviews Samson Mow of Blockstream and Pixelmatic. They discuss the reasons for the satellites that Blockstream has launched, the advantages to bitcoin of Lightning and Liquid, and the ‘proof of participation’ game token on Infinite Fleet.
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Big Losses Leads To Great Wealth
Max and Stacy discuss the huge tax losses Donald Trump has claimed making him either a 'big loser,' or a very wealthy man. Depending on how you choose to look at it. The 'little guys' always pay the taxes because they don't get to receive the large alleged write-offs on their taxes like Trump can. In the second half, Max interviews Andrew Torba of Gab.com about free speech and money.
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The Battle for Unit of Account
Max and Stacy discuss the breathtakingly honest assessment of bitcoin by Congressman Brad Sherman of California. The congressman notes that the US derives its power because the dollar is the unit of account and so all trade must clear through the NY Fed. But bitcoin threatens this source of power. In the second half, Max interviews Rodolfo Novak of OpenDime about the admission from Sherman and what this suggests is coming for bitcoin in terms of challenging fiat.
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