Thread by @thatguyintech

thebword.org/c/track-2-Bitc…

I'll be livetweeting this epic Bitcoin discussion panel with:

@CathieDWood
@elonmusk
@jack
@moneyball

#TheBWord

@CathieDWood @elonmusk @jack @moneyball CATHIE WOOD BABY

i get so hype everytime i see her pop up on my monitor 😂😂😂

@CathieDWood @elonmusk @jack @moneyball First question:

What's shaped and influenced your views on bitcoin?

@CathieDWood @elonmusk @jack @moneyball @CathieDWood: "our focus on innovation and disruptive technology"

bitcoin is building a payment system that the internet has needed but neglected

@CathieDWood @elonmusk @jack @moneyball @elonmusk: "I've already heard about it alot from my Paypal days"

money is an information system for labor allocation

bitcoin is a candidate for a new-age money

@CathieDWood @elonmusk @jack @moneyball @jack: "the network and community are deeply principled and evolving"

bitcoin is a chance to rebuild the foundation and create a native currency of the internet

@CathieDWood @elonmusk @jack @moneyball Second question:

Jack has previously said, "Bitcoin changes everything", what do you mean by that?

@CathieDWood @elonmusk @jack @moneyball Bitcoin changes everything:

- everyone can own their own bitcoin
- everyone can verify the validity of their money
- it's not controlled by any gov't, state, company
- there are so many decentralized groups debating and building roadmap

@CathieDWood @elonmusk @jack @moneyball @moneyball please let @CathieDWood talk more 🙏🙏🙏🙏🙏🙏🙏

@CathieDWood @elonmusk @jack @moneyball wish granted!!

Question for Cathie: With your background in macroeconomics, what are your thoughts on the 21 million cap of Bitcoin?

@CathieDWood @elonmusk @jack @moneyball Bitcoin's cap in coins is allowing it to have money properties:

1. store of value
2. means of exchange
3. unit of account

"how big could Bitcoin be?"
"how big is the US monetary base? 8 trillion."

@CathieDWood @elonmusk @jack @moneyball "Bitcoin is a hedge against deflation and counter-party risk. It's a very big idea"

@CathieDWood @elonmusk @jack @moneyball fourth question: What does it mean for bitcoin to become the currency of the internet?

@CathieDWood @elonmusk @jack @moneyball @jack: Bitcoin allows you to have sound money separate from a state. Allows you to send money around the world efficiently.

@CathieDWood @elonmusk @jack @moneyball question: do you think bitcoin can be peer-to-peer cash?

@CathieDWood @elonmusk @jack @moneyball @elonmusk: bitcoin by itself cannot scale to be the monetary system of the world at the base layer -- with layer 2 solutions, it's possible

@CathieDWood @elonmusk @jack @moneyball "I would like to see Bitcoin succeed." - @elonmusk