Podcasts: Bitcoin Only vs ETH/DeFi/Altcoins 🔗 3 years ago

In this episode, Brad taps Ivan Brightly to analyze Bitcoin's current crazy rally and its lifting of altcoins with it. Ivan is Brad's friend, fellow Bitcoiner, and investment partner. He was also an early partner at Mike Novogratz's crypto investment firm Galaxy Digital. The two get into one of the space's most touchy debates: should you put your money in Bitcoin only, or should you bet on altcoins as well as DeFi? Some sections of DeFi have raised eyebrows as some people question whether it's really about 'decentralizing finance' or if there's more than meets the eye. Tune in to hear the two's (often contrasting) stances on this and more.

Timestamps

00:00:00 - Intro by Brad 

00:03:31 - On 'Bitcoin freeriding', recent 51% attacks and the BTC/BCH war 

00:22:50 - Blockchain applications are cool, but do we need all these accompanying tokens? 

00:25:50 - Is DeFi really about helping people?

00:34:41 - Lightning Network's privacy or lack there of it 

00:46:44 - The thing with 'DAO's

00:52:51 - Are tokens going to replace equity? 

00:57:00 - Brad's strong case for Bitcoin-only investing 

1:24:55 - Ivan and Brad's closing arguments on whether you should go Bitcoin-only

1:29:35 - Why you should check out the Lightning Network

Ivan Brightly and Brad Mill's First episode 

Mike Novogratz of Galaxy Digital 

Lindy effect of BTC

Satoshi's disapproval of WikiLeaks' use of Bitcoin 

Monero Sybil attack, Bitcoin Gold, and Firo's 51% attacks 

Uniswap and Sushi Swap DeFi protocols

Luke Martin 

Find Ivan Brightly on:

Ivan Brightly Twitter 

Find Brad Mills on:

Brad Mills Twitter

Magic Internet Money Twitter

Magic Internet Money Facebook

Magic Internet Money Instagram

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.