In this episode of the podcast, we'll be talking to Cedric Dahl about how to exit our crumbling financial sytem.
Resources mentioned in the episode:
Cedric's YouTube Channel (free):
https://www.youtube.com/user/inspiredeye
Internet Money Newsletter (free):
https://internetmoney.substack.com/
1000x Private Research Group (paid):
1000x.report
🧠 FREE CRASH COURSE - Learn to securely buy, store and sell cryptocurrencies:
https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course
🧠 Want to get smart about crypto investing? Download my brain here:
https://louisthomas.co.uk/download-my-brain/
▶️ 3Speak
Meh
Very interesting. The best stuff I've heard for quite some time. I'll be keeping an eye on the G20 currencies for failures for an early indication of trouble for the dollar, in which case BTC would be the default store of value while trust disintegrates.
Cedric mentions the darknet being something that you need Bitcoin to transact monetarily in. He talked at length about Ethereum not having such a strong use case because of it being a general smart contract platform and DeFi not having a compelling use case. I think he's right about it.
But I wonder if Bitcoin really is the go-to currency on the darknet. Is that Cedric's finding after talking to people who use it? It would seem to me that using Monero would be the coin of choice for illegal transactions. With Bitcoin you have to be careful with your hygiene or your transactions could accidentally give away not only yourself but a lot of other people. An immutable public ledger with all the addresses and the amounts visible sounds like a nightmare for criminals. Better than banks, of course, but a stealth protocol would be even better. Is there really not enough liquidity in Monero to facilitate criminal transactions? With cross-chain atomic swaps not even getting delisted from centralized exchanges should be a hindrance for the success of protocols like Monero or Zcash.
best stuff video needed