The Innovation Is the Blockchain
E conheça também sobre o Melhor Bot Para Opções Binárias 2022
Que tal um robo gratuito para IQ Option? Sistema Para IQ Option Grátis
Scott’s deep dive into cryptocurrency, blockchain and initial coin offerings with NYU Stern finance professor David Yermack.
Pre-order Scott’s new book, “The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google”
Sources
(2:11) Source: BashCo’s GitHub Pages Repo.
(3:05) Source: “Bitcoin: A Peer-to-Peer Electronic Cash System,”Satoshi Nakamoto, October 2008.
(3:41) Source: “5 Brand-Name Businesses That Currently Accept Bitcoin,” The Motley Fool, July 2017.
(4:36) Source: “Understanding Ethereum (Report),” CoinDesk, June 2016.
(6:58) Source: “The Truth About Blockchain,” Harvard Business Review, January–February 2017.
(7:22) Source: “Bitcoin: A Peer-to-Peer Electronic Cash System,”Satoshi Nakamoto, October 2008.
(11:43) Source: Blockchain.info.
(18:14) Source: National Bureau of Economic Research.
(19:03) Source: “The Global Stock Market Is Now Worth a Record $76.3 Trillion – And That’s Terrifying,” TheStreet, July 2017.
(23:20) Source: Investopedia.
Episode 142
Vídeo
12:29 Global central banks failed us and we need an alternative
23:30 Wouldn’t it be great if the central banks controlled every transaction?
I’ve never seen someone explain the benefits of decentralized finance while also calling for complete Fed control.
I would like to see these two do an updated conversation
Rewatching this in 2022. The guest said Bitcoin had a market cap of 65 Billion, today its over 1 Trillion!
Imagine the total disruption of Ponzi schemes in the financial system.
What a breath of fresh air!
key phrase 1: "i do not hold any cryptocurrencies"
key phrase 2: "cryptocurrencies do not hedge against other assets"
Two years later – blockchain hype is dead.
Unfortunately, Professor Yermack doesn't seem to understand what commercial banks are actually there for. Their main task in the economy is not settling payments, but creating loans, and deciding who receives these loans. Probably this business will see some changes with the rise of blockchain technology, but it won't be rendered useless.
Also, he doesn't seem to understand porftolio diversification. If cryptocurrencies are completely uncorrelated to the market as he says, it would mean that they are a very attractive asset to have in a portfolio.
…and then JPMorgan introduces their own crypticurrency tied to the dollar…
Scott. Start a podcast. It would be successful.
A good percentage of what this dude said was not only wrong but stupid. Dont comment on security if you don't know your ass from your elbow and think "hacking" is sitting at a terminal with green zeroes and ones.
Refresh this topic as a lot has changed in 8 months..
This is how I want to talk when I meet a girl for the first time.
wait… you mean to say someone spent the equivalent of 83 MILLION DOLLARS FOR TWO SLICES OF PIZZA?!?!?!?!?!?!?!?!?
I still don't understand how a fucking algorithm has physical value.
Great discussion. However, this conversation took place 5 months ago and now the current market cap is almost 500 billion.
This guy doesn’t know shit. Ripple doesn’t do jack you don’t need a ripple token to use the ripple network
I feel like the reason Bitcoin is so high right now is because people keep thinking of it as an asset to invest in and because it's an exciting option so people keep spending money on it driving the value up. But really it was created to be spent as a method of carrying out financial transactions more efficiently and soon it will crash hard. After it crashes thing can go two ways either spending Bitcoin will be easier or merchants will stop considering Bitcoin as an option and if the later happens I will not invest!
Ethereum is not a token! Ethereum has an ERC-20 Based Token algorithm that allows for token distribution. Ethereum is a cryptocurrency protocal.
To carl collins Jan 17 at 1:25 PM
https://davor.io/Account/Registration?r=13E1BB
Dear carl collins,
In the recent news,
in regards to the lending industry, Bitconnect has stopped both its lending program and exchange platform.
This movement won't affect Davor. We continue to operate and to delight our users as normal.
Many people from other platforms, including Bitconnect users, are going to join us in the following days. Our community will grow faster, which means the price of DAV will increase and all of you already invested in the platform will benefit from it.
If you see some sell-offs in the market right now which causes the price to drop, there is nothing to fear. When the cryptocurrency market is flooded with bad news, some investors are scared and try to sell their crypto-assets as soon as possible. On the contrary, smart investors stay calm and do not panic sell. They are the real winners in the end.
We will keep offering you the best interest rates in the market and our tech team will keep working hard to make our platform reliable and bug-free.
Recently, we have faced the same attack on our system as Bitconnect has experienced. They have been shut down almost 2 days and did not really came through it, while our tech team did recover the platform within several hours. While there is no definitive solutions for huge DDoS attacks, they try their best to mitigate them and to keep your data perfectly sound and safe.
Please spread the good words about Davor. Altogether we will make our community great.
Yours sincerely,
The Davor.io Team https://davor.io/Account/Registration?r=13E1BB
This guys a moron. Nothing he says is innovative
Maybe ICOs could be looked at as an implementation of crowd-funding?
Cool Video 😉
NYU 's David Yermack said that Bitcoin would fade away by the end of 2014 in an interview aired FEBRUARY 25, 2014. Guess that didn't happen did it….. Remember kids, these professors etc are just speculators no different than the ones investing. It's an educated guessing game… Here's the interview for reference from 2014…. https://www.cbsnews.com/videos/bitcoin-what-it-is-and-how-it-works/
It took 19 mins to mention blockchain. 🤔🤔🤣😂🦄🤣😂🤔🤔😥👌
"absoluty not. that's too risky"….who knows is that answer was thruth
The evolutionary Digital Asset : http://www.lightyearstoken.com
What a great interview! Professor Yermack answers clearly the great questions from Prof Galloway.
Great talk. Very insightful. Tip of the cap to you both.
20:32 Yes, company stocks investments is quite what veritaseum is developping https://www.youtube.com/watch?v=2dc27u8ilk0&feature=em-uploademail
At 18:55 I like how he states cryptos were at 100B… roughly 3 months later now – 600B (Dec 19, 2017). Nice to see the growth.
At the end of the day, will bitcoin make life better for the majority human beings or will it make life worse. The invention of currency in and of itself allowed people to put value on their labor and use that value to acquire goods and services created by someone else’s labor. Currencies have come and gone throughout the history of the world. The currency that ends up being adopted by the majority of the world will be all that matters. Currently the US dollar, the Chinese Yen, and the Euro are the dominant currencies. Who knows what role bitcoin will play in the future. Right now it’s just a speculative financial vehicle.
Fantastic conversation: very well-spoken professor 🙂
on this publish date i was telling the nyu chefs to buy bitcoin- now they feel like its to expensive and risky
BitCoin a commodity. Hahahahahahahahahahahahahahahaha