@CathieDWood@elonmusk@jack@moneyball Steve: What shaped your views on Bitcoin?
Cathy: Focus on disruptive innovation, economics. Collaborated with mentor Art Laffer, and this launched their efforts.
Elon: Thought about money for a while with PayPal. Thinks of money as an information system. Sees opportunity for something better from an information theory standpoint vs say, ACH, credit card networks.
Fraud and govt interference being sources of error.
@SGBarbour@upstreamdatainc "It's just like, sweep it under the table. These are clean. Give me my subsidy to go to this project and let's ignore the elephant in the room."
"I consider all Bitcoin miners doing great things for humanity, with helping secure, helping distribute, helping produce the greatest money that has ever existed, the greatest freedom money that ever existed."
@iwearahoodie 2/ First off, we should look at Bitcoin as a multi decade monetary phenomenon. We have to be patient overall!
The altcoins that try to rush this end up becoming the irrelevant 'kiddy pool'.
@iwearahoodie 3/ "The fees just get too high" - Yes the fees will eventually rise, and arguably this is baked into the design. But there are ideas on how to let people participate using things like channel factories.
1/ "Intolerant" and "toxic" bitcoin maximalism? Understand what's going on beneath the surface with altcoins and their affinity scamming
2/ Affinity fraud: "in which the fraudster preys upon members of identifiable groups, such as religious or ethnic communities" "The fraudsters who promote affinity scams frequently are – or successfully pretend to be – members of the group"