2 chapters across the catalog
Early investor Roger Ver describes Bitcoin as a human invention on par with the wheel or electricity. However, the energy requirements for mining are projected to equal global energy consumption by 2045 if current trends continue. Deutsche Bank analysts warn of systemic risks in 2018, while hosts highlight the lack of liquidity for users attempting to exit large positions during a market crash.
The hosts examine the rising popularity of Bitcoin, featuring a passionate pitch from Roger Ver of BitcoinStore.com. Ver describes Bitcoin as a way to strip governments of their control over the money supply and prevent the funding of wars. The hosts compare the fervor of the Bitcoin community to multi-level marketing schemes while acknowledging the appeal of a decentralized currency.
