YouSaid · the spoken record

Charlie Lee

lines on the record: 57
first: 2017-10-13
most recent: 2017-10-13
sittings or episodes: 1
sources: podcast

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“Look at interest rates from 1980 to really 1981 until where we're at today, interest rates have continued to be pushing lower and lower and lower in most of this is because the Fed keeps on adjusting that federal funds rate and adjusting interest rates down and the way that they do that is by putting cash into the market and buying back bonds or short-term bonds with the federal funds rate. So for example, when we look more recently, like in the last credit cycle, quantitative easing is something that the US Federal Reserve conducted for numerous years after the 2008 crash. And all that was happening was the US Fed was buying bonds off the market and putting the cash into the hands of the people that were selling them the bonds. So those sellers that were selling the bonds would then use the money into the economy and they'd take that liquidity and they'd buy some other asset or some other stock and that's why you've seen the stock market go wild through all this.”
2017-10-13 · We Study Billionaires · TIP160: Bitcoin, Ethereum, Segwit 2X, Atomic Swaps, Lightning Network, and Blockchain Technology w/ Charlie Lee and Tuur Demeester (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“This so that it makes a little bit of sense for people. I think one of the main reasons that we can talk about why this might be happening comes down to central banks around the globe are playing a major role in the buying and selling of financial assets in an extreme degree. I mean, you go to Japan and I mean they're practically nationalizing the entire securities, the equity market over there. So you might be asking yourself, why are they doing this? Why are central banks buying all this stuff? And the simple answer is that they are trying to stimulate or sustain the economy by providing these cash infusions into the system. They're trying to pump as much cash into the system as possible because there's these enormous deflationary forces that have been at play for thirty five years here in the US at least. And so whenever I say deflationary forces, what I'm saying is that when you look at”
2017-10-13 · We Study Billionaires · TIP160: Bitcoin, Ethereum, Segwit 2X, Atomic Swaps, Lightning Network, and Blockchain Technology w/ Charlie Lee and Tuur Demeester (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“All right, guys, so like I said in the introduction, I'm going to start off by giving you a little introduction to what we're going to be talking about today with the mastermind. So when we think about where we're at with financial markets here in 2017, things are strange and not like they used to be if you'd go back a decade earlier. For example, many places around the world have negative interest rates or close to it. And, you know, when a person thinks about how that's even possible, they can't possibly make any kind of sense of it. So it doesn't make sense that if I lend somebody else money, I should get less of that money back whenever they return it. That makes no sense whatsoever. The reason that this is happening is extremely complex and difficult to understand. You know, billionaire Turley Munger and Buffett and these guys say that if you feel like you understand it, you're probably definitely missing something. But I think if we were going to try to simply...”
2017-10-13 · We Study Billionaires · TIP160: Bitcoin, Ethereum, Segwit 2X, Atomic Swaps, Lightning Network, and Blockchain Technology w/ Charlie Lee and Tuur Demeester (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“For people to understand it and to try to learn more about it. And so I give a little bit of background on how they work and I try to give everyone enough context so that they can understand the essence of our conversation that we're going to have in the mastermind. Things get quite technical at a few points, and I wanted to ensure everyone enjoyed this conversation by providing a little bit of context with that 20 minute introduction. Finally, Stig wasn't able to participate in this discussion. He was on travel and we just couldn't get our schedules to all line up. So sorry about that, but Stig will be joining us for next week's episode. All right. So I hope you guys enjoy this one as much as I did. So let's do this.”
2017-10-13 · We Study Billionaires · TIP160: Bitcoin, Ethereum, Segwit 2X, Atomic Swaps, Lightning Network, and Blockchain Technology w/ Charlie Lee and Tuur Demeester (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Understanding of this stuff. It's quite profound because he's worked in the space at the very highest levels from numerous ends of the spectrum from actually designing the code and working on the code of blockchain to doing the engineering side over at Coinbase, which is one of the exchanges. So before we jump into the mastermind discussion with Tur and Charlie, I start the episode after our soundtrack here. I start the episode by talking about why Bitcoin and cryptocurrencies are so important. I think a lot of people that don't understand this stuff, or they might think that it's a little bit crazy, I would tell you this is going to be an important part of the episode is that first 20 minutes because that's where I make the pitch on why this is important for people to understand. I'm not saying that you invest in it, but I think what I'm saying is, and I'm not telling you to not invest in it as well. But what I'm trying to say is that I make a pitch for why I think it's important.”
2017-10-13 · We Study Billionaires · TIP160: Bitcoin, Ethereum, Segwit 2X, Atomic Swaps, Lightning Network, and Blockchain Technology w/ Charlie Lee and Tuur Demeester (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“With high profile hedge funds and investors that want to enter the crypto space. So he understands the ever increasing investments that are being made into this field better than almost anybody. Our second guest is a graduate of MIT and has been a part of this space since the very beginning. In fact, Charlie Lee is the founder of his own crypto coin and it's called Litecoin. Litecoin is one of the biggest crypto coins in the world with a market cap of three billion dollars. Charlie is probably one of the most technically sound people in the world to talk about blockchain technology because he's literally worked on the code for Litecoin since 2011. Charlie was a former employee at Google and he was also the director for engineering at Coinbase for several years. And for anybody that doesn't know what Coinbase is, it's one of the biggest exchanges in the world for trading fiat currencies for cryptocurrencies. So when we think about Charlie's vantage point and”
2017-10-13 · We Study Billionaires · TIP160: Bitcoin, Ethereum, Segwit 2X, Atomic Swaps, Lightning Network, and Blockchain Technology w/ Charlie Lee and Tuur Demeester (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Boy, oh boy, do we have an interesting discussion for you guys today? We're going to be talking about Bitcoin and cryptocurrencies. When we first started covering this on the investors podcast back in 2015, the price of one Bitcoin was around $200, $220. And today, it's literally at $5,200. So in short, the price has gone up 25 times higher just in that short amount of time that we've been talking about it. And we have two guests on the show. The first is Turdemaester, and he's been a key influencer in this space since the very early stages. We've had him on the show before, and I think anybody who heard the first interview with Tur knows how brilliant he is in this space. And he's got one of the most impressive understandings of the technology and the implications for economic impacts. Additionally, Tur works.”
2017-10-13 · We Study Billionaires · TIP160: Bitcoin, Ethereum, Segwit 2X, Atomic Swaps, Lightning Network, and Blockchain Technology w/ Charlie Lee and Tuur Demeester (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT