YouSaid · the spoken record

Anthony Pompliano

lines on the record: 210
first: 2021-03-25
most recent: 2021-03-25
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“And so in that pursuit, that is non economic, you can be as selfish as you want because ultimately you're not tied back to this measurement tool. And so it's this, again, like altruistic, non-monetary purpose. And I think that there's a lot of people who spend their whole life looking for that and they don't know what it is. And so again, some people may not think of it that way, but if you can find something to do that you win.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Also, think it's kind of purpose driven in the sense of there's a lot of people who have the I need to do more, but in a somewhat altruistic way. So take Elon as an example. The idea of colonizing Mars if he is successful, he will be very rich. I don't think you or I or many people believe he's doing it for the money, right? There's a lot of other things he could do that would be much easier that would make him tons of money. And so in some weird way, he has enough because he's able to free himself from the constraints of, I need to acquire more resources. And he can focus on what is the thing that I want to work on regardless of money.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“And I think that the whole meaning of life is to understand kind of what your level of satisfaction is. And for some people, that's a monetary thing. Some people that's a freedom of time thing. For some people, it's an impact thing, whatever. But just understanding that's important and then going and accomplishing it. And what I've found is that the people who I know who have done this and been intentional about it, they accomplish it on a much shorter timeline than people who don't. Some people who start thinking about this when they're 60 naturally you're not going to accomplish it before you're 60 if you just start thinking about it at 60. People who start thinking about it earlier can do it. And so I think that's really it. For me, it's just like the meaning of life is to enjoy it.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“I answered in a way that isn't meant to be accurate. It's meant to Be the right answer for me, which is ultimately, you know, and I talk to a lot of people who always ask, what are you doing? Why are you doing this? I say, it's to be happy. And the reason why I think of it that way is I've got a friend Jonathan Geller who talks about. enough being enough. And recently he talked about it in the context of Bitcoin. And so Bitcoiners have two things. Any Bitcoiner, if you talk to them, they believe the same two things. One, they don't want the US dollar price to go up because they actually want to acquire more Bitcoin, right? And then once they feel like they've got enough. But two is no matter how much they only think that they don't own enough and they want to acquire more. And so at some point, you say to yourself, what is enough?”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Now is all about I want to do certain things in life, but there's a lot of people who spend their life not doing those things because they feel the need to pursue economic means as a way to provide a living or whatever. And so I explained to them, I said, listen, in my opinion, again, it's my opinion. It's what makes me happy. If I can leverage financial resources to create more time to do the things I like, I'm happier. Might not work for everybody, but like that's what works for me. And so there's this element of I don't care what other people think if they like that or not because they're not me, right? Like there's almost this element of like, you got to figure out what works for you. And if it works for me, then like.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“People talk about this question, I think that they really focus on money as a means to getting materialistic things. So they want a big house. They want a boat. They want a fast car. They want, you know, whatever. They think that's the stuff that will make them happy. What I think about it is if you have resources, you can have time. And if you have time and you spend it the way that you want to spend it, then that's ultimately happiness. So I always say to people, if you think that money doesn't buy you happiness, what if I told you that if you had more money, you could spend more time with your family? Reframes”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“No, I think that it was just one of these things where, like. If you fixate on something and you worry about it, then at least to me, like you become uneasy about it. And so after an experience like going to war, I think that everything is just so not important compared to that, right? Like when I came back, I remember going back into the college environment and things people worried about, I was like, listen, let me explain to you, you know, what the real world's like, right? But I think even today, right, if you talk to people who know me really well, I don't get worked up about a lot of stuff. I don't get, you know, in either direction, good or bad, anything because ultimately it just comes down to if that's the final result. Enjoy it.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Number one thing I took out of my experience in Iraq. That's a book like that also gives you is we're all going to die, right? And you and I can want to be as immortal as we want. But at some point we're going to die. And so it really does kind of focus you on time being that scarce asset and use it for enjoyment and happiness more so than anything else. And I think that's part of your message and it's a great one.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“So Dallas Capital is definitely probably my favorite book, books that have been impactful. I read when I was 20, actually sitting in the desert of Iraq, Rich Dad, Poor Dad, Thinking Grow Rich, and the richest man in Babylon. And I don't think I took a single thing in implemented it from an execution standpoint, but it was a complete shift in mentality and understanding a relationship with money and kind of what I wanted to do with my life and stuff like that. So I think those three books, and I read them in succession, were really impactful. And then I think one of the best books probably ever written is, I think it's called When Breath Becomes Air or Air becomes breath, I can't remember, but it's basically a doctor or a medical professional who's dying. And he essentially writes about the experience and thoughts and kind of all the stuff. And I think that it's just one of these things where if you said to me, you know, what's”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Philosophical concept. The number one book that I've ever read that aligns with Bitcoin ethos but doesn't say a word about Bitcoin is a book called The Tao of Capital by Mark Spitzenagel. And so what he essentially does is he just reiterates over and over and over again long-term thinking, outliers, disruption, all this stuff. And so he's a guy who he runs a fund that essentially they just do tail risk hedging. And so in March or February of 2020, They're up like 4,000%. By the way, they pretty much lose money for eight, nine years, then that happens. And so, but they're still one of the best performing funds. If you look at it over years and years. And so it's just this mindset of everyone is so short-term focused. And so I think it's just a great reminder to long-term thinking.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“I think you got to start with Bitcoin standard. That one to me feels like it really lays out the picture nicely. There is Bitcoin money you can't fuck with. It was written by our friend Jason Williams. As you can imagine, basically what it talks about. There's another book Layered Money that's written by Nick, who's done a great job kind of laying it out. There's a book called Bitcoin and Black America written by a guy, Isaiah Jackson, and he basically lays out the argument for why the black community can benefit in an asymmetric way from something like Bitcoin. And there's a whole bunch more. I'm going to forget them all. I think it's called the cost of tomorrow, a guy, Jeff Booth wrote it. And just if you get on Twitter, basically, you're going to see all these books flying around. But I do have to say that from a psychological concept or”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Just a pump podcast. And so in doing that, it really is informative for me. And I think that my whole goal is just like if I'm learning, other people will be learning. And then the email, I write it every morning because it forces me to collect my thoughts and actually articulate them in somewhat of a coherent way. And so it's just something that is like a practice that I probably would do even if no one read it. And then by being able to publish it, what does it do? It elicits both the good and bad responses. And so people will let me know if they think I'm an idiot and they'll usually not respond if they think that it's something smart. And so those two things are really educational for me and I think kind of force me to be able to articulate a lot of ideas. But a lot of what I share or learn on those things come from these other resources.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so the podcast and email are like the two most selfish things I do because the podcast is a way for me to learn from other people. So I get them to come on and tell me all the things they're thinking about and I get asked some questions. What's it called?”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“I always think about the inadvertent, but as you were talking, what it made me think of is also the irreversible. So it's one thing if there's inadvertent negative impact, but we have reversibility built into a system and we can fix our mistakes. I think the really scary part is when you overlay inadvertent mistakes with the irreversible aspect of it and therefore humans have no control.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Because when you have something that can think for itself, And there is no way to leverage a monopoly on violence for control. Very scary thing”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Always used for good and bad. The big question is, and I think that yourself and many other people have rightfully said this, is the question really becomes, is the negative and nefarious uses of this inadvertent potentially? Or does it actually come from a malicious person? It's the intention malicious. And to me, that's what I don't know enough. You know much more about this, and there's plenty of other people who do as well. I do think that there will be nefarious actors and malicious people, but we're going to treat them the same way we've always treated people who use technology poorly, right? We're going to understand it. We're going to identify it. We're going to control it, and then we're going to end up reversing it or preventing that from doing that. It's the inadvertent things that I think are actually the most dangerous.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“The virtual world or in this digital economy, what if you can just program the resources and gain the same leverage and do it at scale and do it in a very programmatic way and then have them actually make decisions in a way that doesn't require you to have thought of every single potential scenario or edge case? That's ultimately what we're talking about when we talk about artificial intelligence, right? And so when you look at that When technology is created Everyone uses it for good or bad, but both get used right. And so whether we're talking about cell phones, beepers, the internet, guns, whatever.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“I think a lot of artificial intelligence is in the name. Simply the replication of human intelligence. At Automated and programmatic, meaning that In the analog world, you could go hire a thousand employees or in an Amazon case, hire millions of employees and set a mission or a goal and push them to go do that. That requires recruiting. Retention, training, resources, all that stuff.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I don't need to actually convince you through a monopoly on violence, on physical violence. What if I can psychologically change the way you see the world through misinformation, through all sorts of nefarious activities? And I think that the United States has been struggling with this idea over the last couple of years in the political arena. But what happens when it starts to come to other aspects of our life?”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“And in many cases, something as simple as the ability to connect with somebody is really important. And so one of the most disruptive, combative, violent things that a country may do to another country in the future is simply take down the internet. And put people in isolation. I don't need to physically harm you if I can psychologically harm you. I don't need to”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Remember what I said? We're moving from a world of conflict surrounded and determined by bombs, bullets, and soldiers, to a battlefield that is determined by war of information and cyber capabilities. And so in that virtual world, is it about death and destruction of human life and the physical analog world? Or will it become more important to attack or defend virtual property and virtual life and some level of virtual sovereignty? My opinion, the latter is more likely. And so what you start to understand is, well, what do you truly value in your life? Is it the physical analog materialistic consumptive goods? Or is it virtual”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Just if I said to you 20 years ago, I'm going to give you a global education. Means I'm going to take you and I'm going to physically move you to geography after geography after geography. It's going to take time. It's going to take resources. And ultimately, it's going to take lots of effort. If I now said to you, hey, I'm going to transport you in this virtual world to multiple geographies, but you're going to experience it in this virtual world. And you're going to have digital goods that you can take from economy to economy or from location to location. All of a sudden, you may get maybe you get 90% of the value. You don't get 100% of the same value. We get 90% of the value. You can do it at a much faster pace. And so, in six month period, you've actually made three times the progress than you would have if you.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“It's the replication of what happens in the analog world now just in digital. And when you do that, what you do is you take the addressable markets of these assets or these mechanisms and they explode in the digital realm. And so now all of a sudden, how fast does the human race accelerate when it comes to human production intelligence, learning?”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“If I take you on like a 10 year fast forward. And I paint a picture of something today that seems absolutely insane, but there's early signs that people are building this. And let's just give them the benefit of the doubt that some of the early iterations will work, or most of them won't. There's a world where you and I are participating in a digital economy, in a virtual world where whether it is a piece of art, it is a digital sculpture, it is a digital skin from a video game, it is a digital good that we purchased somewhere online, and we bring it and we display it in a digital museum or a virtual museum. And so now all of a sudden you can charge people for entry. You can consign digital goods.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Strip away all the applications right now and just think about is digital scarcity going to be important on the internet?”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Can bring to this digital realm, which is much more kind of natural to a digital native. And so the best way I know how to describe the importance is imagine a serial number being placed on something. Take the Eiffel Tower. The only Eiffel Tower that has value is the first one. Every replica of it, regardless of size, location, who made it, where they sent it, they have no value. Eiffel Tower 001 is the most important. And so I think that's ultimately what we're starting to see here. And what we're looking at is probably 1% of what it's going to grow into.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“I think the entire world is going through right now is an exploration of how do we use this technology to create new things. Frankly, we're not going to be good at it for a while. And so the only place I've really focused on is digital art itself. And I've always been interested in art, but I wasn't going to go buy a painting and hang it on the wall, right? In the sense of that's how I was going to store value. I find fascinating though is that I now can take that concept, which most of the wealthiest people in the world have a significant portion. Some people have 20% in terms of number of billionaires, 20% of their wealth is in art.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“And the conclusion I came to was just as Bitcoin is going to be bigger than gold, right? The digital application of something is going to be bigger than the analog application. The same thing is going to be true in art. The digital art world is going to be bigger than the traditional art world. People think that sounds crazy at first until you start to realize it's very, very similar. The art is more portable. It can be divisible, right? It's got a larger demand market in terms of the internet rather than an auction, right? All this kind of stuff. When you display it, it can have motion and music and all of these aspects to it that are better than the traditional art. What the traditional art market has that the digital art market has not had is the narrative. Narrative based world scarcity kind of in a digital sense. And so”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“And so naturally, what do people do? They look at the legacy world and they say, well, what's scarce there that has value? How do we bring that to the digital world? So, art is a perfect example, right? And frankly, last year I started to look at this because it felt like this was going to be really, really big.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“What these non fungible tokens essentially are doing is they are creating scarcity and originality in a digital environment. And what I mean by that is take a music file. If I had a music file and you wanted it, you said send it to me. I pressed send. It essentially creates a copy and you get one music file, I get another. We don't care. You can listen to the music, I can listen to the music. We're super happy. If I instead, though, have a digital file that entire premise is based on scarcity and I hit send and you get a copy and I keep the original or you get the original and I get a copy, there's a problem. And so ultimately what I think is playing out with NFTs is it's a technology regardless of where it plays out from blockchains or what in communities or environments that just brings true digital scarcity to the internet.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“There's probably both things happening fad and things to learn, right? And if we just start with like, what is an NFT? It's a non-fungible token, meaning that there's no fungibility. And fungibility is a fancy word. I always describe it as if I took a $100 bill and I put it on the table with a bunch of other $100 bills and we mixed them up and I just grabbed a hundred dollar bill and left. I'm worse as long as they're all official $100 bills because as long as I have a hundred dollars, I have $100. I don't need that exact same bill back. So that means that those $100 bills are fungible. Non-fungible would be like art if I took a Picasso and I put it down on the table and you brought three artists that no one's ever heard of before and we mixed them up and I just took any random piece of art and it wasn't the Picasso. I lose because the Picasso is really important there, right? So a non-fungibility is important in art.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“And so I think that people who want to iterate their way to success, right? That's a common thing in the startup world. End up actually following kind of the breadcrumbs to where the world is taking them. But people like Anon Musk, a Jeff Bezos, a Jack Dorsey, all the way down the line, all these innovators, they actually say to themselves, there is a point in time in the future where there's a world I want to construct, and then they go and they construct it regardless of the short-term iterations and incentives. It is just they're driving towards that point. And I think that it's this whole idea of having this like, you know, kind of set vision and this refusal to kind of move or budge off of that. It's what makes them special.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“And so it gives you a significant advantage. And I think that Bitcoin has kind of this proxy for time, as we talked about. Interplant planetary travel where there's multiple steps from creating a reusable rocket to landing it to all this stuff, all the way to simple things just like if you're simply trying to figure out where the world's going to be 30 years from now. Bill Gates says that we overestimate what we can do in one year, underestimate what we can do in 10. To me, it's a kind of degree of mistake, if you will. Ten years, maybe you're off by 10%. Well, if that line of progress continues, 20 years, you may be off by 100%. And 30 years, you may be off by 1,000%, right? Like almost the further you go out, the more inaccurate you become.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“I like Bezos' view, which is essentially how do you minimize regret? How do you accelerate your life mentally and go to 80, 90, 100, 150 years, whatever we end up being fortunate enough to live to, and then look backwards? Say this decision that I'm going to make, I have two options. Which one is going to be the one that I least regret? And if you continue to make decisions that way, one, you have that long-term view kind of built in because you're working backwards. Two, you are ultimately going to optimize for minimal regret. But also three is even if you only look for 10 years, that's much, much further than most people do.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“But I also don't think that it's just Elon bought a bunch of Dogecoin and tweets about it because things is going to a dollar and he's going to make money. I don't think it's an economic argument as to why he's so interested in it. I think it's much more almost like meta message for a lot of other stuff.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“And that's scary, I think, for shareholders of a company when the person that you're trusting to lead you to the Promised Land and create shareholder value doesn't put value on certain things. But at the same time, I always look at it as a tug of war. How much of the actions of what he's doing and calling attention to actually change the way that regulators, lawmakers, politicians, countries, whatever act? He may not be able to say do X on the techno-king and they go do it. But with every step he makes, he changes some of their behavior. And so I think that it's a really kind of game of like 3D chess that, frankly, I'm not privy to, right? I'm kind of watching from the sidelines and figuring out alongside everybody else”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“If you also think about it in the sense of when you're somebody on a mission to create interplanetary life. You're trying to solve or put a dent in the climate crisis or create electric vehicles and be the first American company and however long. Frankly, the SEC or other things in your life that just don't, you don't ascribe that much importance to compared to those things. They're almost nuisances.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“The techno king, and even further than that, I think is he essentially Dogecoin. As a way to say, I'm doing this because I can. He couldn't do it with securities. He couldn't do it with certain types of other assets, right? Like I almost look at it as like a Venn diagram. What's the thing that a bunch of people know about, care about, think are funny, whatever, and also overlay that with the things that like he could actually talk about they won't get in trouble for.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Techno King of Tesla and the CFO's new title is Master of Coin. And so when you have a sense of humor, And frankly, a level of self-confidence and an element of an appreciation for irony in the world. Dogecoin is actually one of the least crazy things that you could talk about when you're willing to go to Techno King of Tesla, Master of Coin, and all this stuff. I think that Elon doesn't get enough credit, frankly, for his understanding of internet culture, understanding of memes, and understanding of, frankly, human psychology and marketing. And so in some crazy way, every time he talks about Dogecoin, it's a rallying cry for an entire generation of kids. It's a rallying cry for an entire industry in terms of cryptocurrencies and digital technologies. But this is the flag.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, we have to start with Techno King of Tesla. And master of coin, as they are so articulately called in the latest SEC filing.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Like we have been doing this for literally centuries. It's just that now we're doing it on the internet and you can press a button and go to millions and millions of people immediately.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“When done right, it is the most articulate way to deliver a blunt message. And it's done in such a way that is humorous and entertaining yet really hammers the point home. And so A skill set that many people don't have. I don't make those. I'm assuming you don't make them either, right? I see them. I share the ones that I like, right? But it does take practice. And you can tell, look, there's people who are fantastic meme lords. And there are people who absolutely suck at it. And it's like anything. It's just how good are you at communicating? And I've heard the idea a bunch of times. So I don't know who to kind of credit for it. But whether it's emojis, it's gifts, it's memes, whatever. This is the extension and evolution of just hieroglyphics.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“But I think this is a really, really important, right? Because you're right in that it's all about intention versus action. If your intention is to tell somebody that they are wrong in an effort to get them to see the truth That's very different than if your intention is to tell someone they're wrong and hurt their feelings. Right, and so when you can unpack intention and action, you really quickly can tell what somebody ultimately is trying to accomplish. I also think that one of the craziest things that I've seen play out is memes when I use that term, I'm not just talking about like a static photo, right? When I'm talking about these elaborate kind of edited videos and kind of all this stuff.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Not about narrative, not about feelings or emotion. It's math. You look at a blockchain and you can prove something or you can't. And so naturally, people who are attracted to that have a very similar approach in life, right? They say, hey, you made X claim, prove it. And as you can imagine, a great example is like the financial media meets Bitcoiners. And it's a bloodbath, right? And kind of the arena of ideas because what do they do? The financial media is used to the soft opinion pieces, et cetera. And Bitcoiners show up and they're like, here's data point A, B, and C. Here's example one, two, and three, and you're wrong. And then all they yell and scream about is like, I'm wrong. I'm wrong. I'm wrong. Like, you can't say I'm wrong. And they're like, no, like, disprove what I just said. And so you get in this like very, very weird world.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Distributed culture say here that is really important, I think, is from a society standpoint. We've become very soft and very kind of coddling and not in the way that's like, I think people take this argument like too far sometimes. But what I mean by that is. Almost like if you're the person who holds somebody accountable, you become the bad person, right? If you're the person who says, hey, you know, that's wrong, you're the bad person, right? And so in a world where I think in this kind of influencery, you know, all positive, if you have any negative feedback or constructive criticism like you're the bad person, it's the ultimate echo chamber. And so I think that what the Bitcoin world does in some crazy, crazy way to look at it is Bitcoin is ultimately about truth.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“Level of engagement and protection and things like that. And so you naturally get tribalism. You also get things like coin because what it does is it's not only a kind of verbal attack towards others. It's a rallying cry. For internal. What's so funny is that it was started with the Bitcoin community talking about everybody. But now you've seen adoption in other communities who use it, you know, basically say, well, we're not a shitcoin. It's the next guy.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“It does go back to this idea almost of if you and I sat down with 10 CEOs and we interviewed each one of them and then we went in a room and we deliberated and we said we have to pick the person who's going to be the most successful. One of the inputs, not all of the inputs, but one of the inputs would be who's the person who we believe has the best ability to raise capital, recruit people, and tell a story to the world that will get them to follow. And so somebody like Elon would probably be the best example of this. When you have decentralized products, you have no kind of leader, right? In the sense of somebody who is financially ascribed to be that leader and kind of the executive decision maker. So what you have to do is you have to look at these technologies and these communities and say, well, which volunteer teams or which technologies have been able to coalesce these groups around it and in some way build the same”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“For sure. And so, you know, you can imagine one, again, the meme speaking insularly to the Bitcoin community was, you know, made him very, very well liked. But also too, was.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“I can't remember if he said it first or if the other person did, and then he repeated it. That's awesome. But he definitely, he was trying to get that red into the record. Yeah.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source
“And at one point, a congressman from Ohio warned Davidson, who was definitely open-minded and excited about Bitcoin. Asked an individual on the Congress floor during testimony to talk about these other coins. And at one point, basically read into the record the terminology of shitcoin.”
2021-03-25 · Lex Fridman Podcast · #171 – Anthony Pompliano: Bitcoin · IDENTIFIED FROM THE TRANSCRIPT · source