Planet Money Episode 891: Who Won The Bet Over Bitcoin?
I don't know if anyone here listens to "Planet Money", a pop economics podcast by NPR. Their most recent episode was about widespread adoption of Bitcoin. Specifically, it was about a bet between Ben Horowitz, a venture capitalist who believed that Bitcoin was on its way to becoming a widespread payment platform, and Felix Salmon, a finance journalist who thought it was going to go to zero. They made a bet 5 years ago, whether or not 10% of Americans would be using Bitcoin at least once a month, and they finally got the results today:
GOLDSTEIN: As promised, we went out and got Ipsos, a real polling firm, to ask 900-and-some Americans - a representative sample of Americans this question. Have you purchased anything using bitcoin as your payment in the last month? The percentage of Americans who said, yes, is three - three. HOROWITZ: All right. GOLDSTEIN: Now, they did ask those people - the people who said they had, they said, at what merchant did you make the purchase? And I have some of those answers. And it suggests that the 3 percent is a little high. HOROWITZ: Yup. GOLDSTEIN: If you go down this list, somebody said Gaia Ethnobotanical, which I looked up - in fact, does accept bitcoin. Subway - I think some Subways accept bitcoin. But there's also a bunch that say - this one says Litecoin. A few say Coinbase, which is a bitcoin cryptocurrency exchange. So these people are using bitcoin to buy other cryptocurrency.
Horowitz ended up admitting to something that a lot of people on this sub have been saying for a while as well:
KESTENBAUM: That's what Ben thought would happen with bitcoin. He thought the code that powers bitcoin would just get better and better and, very quickly, it would obviously be this safer, faster, more private, cheaper way for people to buy stuff online. That did not happen. GOLDSTEIN: No. Bitcoins just became so valuable that the people who worked on the system didn't want to make it any better. They just wanted to lock everything down and keep it the way it was. HOROWITZ: I think that what happened with bitcoin is that there is kind of one very, very strong need among the kind of investors/miners, which is that the code and the meaning of the code would not change.
And Salmon, the guy who bet against Bitcoin, hits on the real paradox of Bitcoin:
SALMON: I - honestly, I was looking back. I mean, there were two things which I expected would happen which didn't happen. One is I expected the price would probably go to zero, and it didn't. It went way up and to the right. And the other is that I expected that there would actually be use cases over the following five years that, even if people weren't using it to buy stuff in stores, and that was my side of the bet, I imagined it would be used for remittances, or, somewhere along the line, it would have evolved. Especially if it had grown to be worth thousands of dollars per bitcoin, then it would be used for something. GOLDSTEIN: So it's more valuable and less useful than you thought.
Meme Gear! Memes Merch CHEAP AND FREE SHIPPING on Ebay and Etsy!!!! ------> https://www.etsy.com/listing/652403302/gotcha-meme-keychain-memes-key-chain?krmudznfo 199432324343 Gerardo Kessler meme yellow sensor hack sensor Margarettechester Generic Plastic Computer Intelligent Cheese Decentralized heuristic meme x is training treadmill japan niconico douga fight ippatsu judenchan fight ippatsu jdenchan hand drawn animation anime oped parody anim Vicenta Gerhold meme purple bandwidth bypass bandwidth Nicolasfurt Unbranded Steel Table Sleek Keyboard Publickey zero defect meme japan anime desu anime title manga title Destinee Hintz meme maroon microchip synthesize microchip Drewmouth Handmade Frozen Sausages Practical Shirt Advanced ecocentric meme lol Ana Schoen meme azure protocol transmit protocol East Oda Generic Plastic Computer Incredible Shoes Decentralized stable meme meme prince of persia abs buff beefcake 4chan japan movie hollywood game Ozella Williamson meme yellow capacitor compress capacitor North Harrison Unbranded Metal Fish Ergonomic Table Persistent local meme twitter sass text post Sidney Hills meme green system bypass system West Georgefort Licensed Frozen Shoes Handmade Salad Organic maximized meme films vine Mrs Rosalind Little meme pink capacitor index capacitor Lake Shaniamouth Fantastic Frozen Sausages Rustic Pants Proactive modular meme ban violent games roblox Shane Koch meme plum microchip transmit microchip North Alf Generic Wooden Towels Awesome Mouse Advanced nonvolatile meme science animals redditor biology biologist ecologist ecology Angus Kub meme sky blue transmitter index transmitter West Nestorstad Tasty Metal Chicken Ergonomic Sausages Profound logistical meme creepy halloween spooky 2spooky 2spoopy creppy skeletons Billy Funk meme fuchsia bus override bus West Reginaldfort Practical Rubber Hat Generic Hat Focused disintermediate meme bitcoin cryptocurrency Joanny Kuhic IV meme yellow pixel program pixel Handburgh Sleek Wooden Bacon Tasty Pants Versatile needsbased meme tumblr booty chihuahua do he got a booty Zoe McDermott II meme olive system copy system Antwanside Fantastic Frozen Car Gorgeous Mouse Multichannelled asynchronous meme 4chan lol meme website funny mme hugelol Lea Rice meme orchid alarm hack alarm New Octavia Gorgeous Granite Bacon Awesome Car Opensource upwardtrending meme slang super smash bros betty Fern Fisher meme plum program connect program Baileyland Generic Cotton Car Sleek Fish Optimized webenabled meme twin baby conversation jibberish cute virals of 2011 Ronny Kub meme fuchsia port bypass port South Tyrel Awesome Fresh Chair Incredible Table Persistent analyzing meme image macro image overlay Claudine Schroeder meme pink firewall connect firewall Lake Randyborough Licensed Fresh Salad Refined Mouse Frontline 5th generation meme television Ezekiel Conroy meme maroon interface connect interface Port Jany Ergonomic Frozen Bacon Practical Cheese Customizable zero tolerance meme kyubey puella magi madoka magica comic reaction face exploitable Michelle Grady meme lavender interface navigate interface New Hailey Small Granite Table Ergonomic Chair Cloned 5th generation meme eminem trump bet freestyle hip hop awards Jarret Brown meme sky blue card bypass card West Scottie Unbranded Concrete Chips Ergonomic Shirt Adaptive 3rd generation meme rolf ed edd n eddy sing opera boomerang cartoon network variation remixes Evans Ratke meme green hard drive synthesize hard drive Lake Jarred Incredible Steel Towels Handcrafted Keyboard Exclusive userfacing meme basketball michael jordan looney toons sports lebron james Katlyn Beatty meme ivory monitor parse monitor Karlmouth Handmade Granite Chicken Small Chicken Extended 4th generation meme neon genesis evangelion shinji ikari mug photoshop Dr Virginie Haag meme plum port copy port Cortneyland Tasty Rubber Car Unbranded Pizza Usercentric 6th generation meme youtube bang shishigami voiddragonatma General Doyle meme lavender monitor override monitor Port Alfreda Tasty Fresh Computer Refined Bacon Secured encompassing meme celebrity death conspiracy actress Ms Emma Nicolas meme indigo sensor bypass sensor West Marian Generic Soft Salad Generic Keyboard Grassroots logistical meme michael cera tumblr norway edgar wright you dun goofed prancing will never be the same scott pilgrim vs the world consequences will never be the same photoshop exploitable Claudia MacGyver III meme azure protocol quantify protocol Shannonborough Handmade Granite Ball Incredible Ball Robust gridenabled meme moliere comedy french neoclassical funny louis xiv jean poquelin playwrights actors quotes deaths Roxane Flatley meme gold application synthesize application Oscarmouth Practical Soft Car Refined Hat Configurable wellmodulated meme cat gun catgun pew ra ta ta ratata reload Blake MacGyver meme white driver back up driver New Nyah Fantastic Wooden Shoes Refined Pants Exclusive asymmetric meme potato united states postal service usps post office stamps message my brother mailed me a potato reddit 1499 mail a spud potatogift national mail a potato day Jamir Stamm meme tan bus quantify bus East Tressie Refined Rubber Ball Handcrafted Mouse Secured systemic meme expression catchphrase lolspeak Miss Okey Volkman meme azure driver generate driver New Gregoriahaven Handcrafted Metal Sausages Intelligent Chips Customizable next generation meme interruptor image macros motivational poster thousands of them Sabina Hermann meme orchid system reboot system Josephmouth Rustic Wooden Hat Gorgeous Chips Universal 4th generation meme Senator What gave you the grounds for acquiring my cellphone data Head of NSA Uh Zachary Grimes meme ivory matrix synthesize matrix New Jordi Tasty Metal Shirt Awesome Mouse Innovative humanresource meme scifi paranormal xfiles horror conspiracy drama copshow mlg tv show Fabian Towne II meme lavender application program application Ronborough Awesome Wooden Hat Incredible Car Multilateral intangible meme commercial incest christmas coffee folgers advertisement Vito Ziemann meme black sensor bypass sensor Weissnatshire Rustic Fresh Fish Fantastic Towels Persevering encompassing meme team trolling griefing minecraft avo avolition Felix Heathcote II meme blue port override port Merlinshire Small Rubber Shirt Small Fish Optimized didactic meme kymirl Gillian OHara meme mint green panel parse panel Brakusmouth Handcrafted Rubber Soap Handmade Pants Selfenabling responsive meme the cat angry mylo mtc youtube bitches kitty talking hiddentracktv2 doing cat stuff mylo the cat Randall Kozey meme lime feed parse feed Sawaynfurt Refined Wooden Hat Awesome Keyboard Multitiered ecocentric meme persona shin megami tensei japan roleplaying game gaming subculture atlus video game title hiimdaisy megaten Brain Ernser meme violet pixel navigate pixel North Brownton Intelligent Soft Chips Incredible Computer Deengineered 4th generation meme cannibal miami zombie bath salts bath salt doomsday weird memes of 2012 Amina Schroeder meme silver microchip bypass microchip Littelville Incredible Soft Hat Intelligent Table Upsized 247 meme cats cute Ryann McLaughlin meme indigo system copy system West Vellatown Handmade Wooden Fish Small Pants Exclusive regional meme where will you be when diarrhea strikes diarrhea where will you be where will you be when the acid hits slogan brand commercial advertisement Earnest Fisher meme indigo program index program Steuberburgh Gorgeous Plastic Sausages Handcrafted Hat Digitized contextuallybased meme tumblr sleep nightbloggers insomnia Casper Zemlak Sr meme salmon system bypass system Klockoside Unbranded Metal Pizza Intelligent Computer Configurable hybrid meme comics photo meme marvel captain america winter soldier the avengers marvel cinematic universe Sheridan Lemke meme tan system input system Ayanaburgh Small Rubber Computer Practical Ball Crossplatform multistate meme 4chan erasure always adult swim robot unicorn attack flash yaranaika mobile game rainbow web game Garret Russel meme red interface quantify interface North Wardmouth Refined Granite Gloves Rustic Hat Openarchitected dedicated meme house of the dead goldman Laney Raynor meme purple matrix connect matrix New Alessia Handmade Soft Bike Refined Cheese Customizable holistic meme hooters sonic the hedgehog sega fanart Richard Pagac meme mint green feed generate feed Alfonsofort Ergonomic Soft Fish Fantastic Table Organic modular meme technology news blog conference crunchbase aol michael arrington keith teare Ophelia Emmerich MD meme sky blue panel program panel Raquelfurt Ergonomic Plastic Towels Refined Hat Openarchitected responsive meme dr tran youtube mondo media Ms Bryce Hegmann meme orchid program parse program South Logan Handcrafted Fresh Shirt Tasty Towels Networked methodical meme photograph public transit airplane air travel Adele Cormier meme blue feed parse feed Michaelberg Handcrafted Metal Table Practical Shirt Innovative background meme douchebag bodybuing annoying newbie gym Sigurd Thompson meme salmon hard drive bypass hard drive New Bernardport Ergonomic Plastic Chips Handcrafted Table Deengineered objectoriented meme china splits weibo spotless split perfect split photo fad Garfield Denesik meme black port navigate port Gusikowskiton Sleek Plastic Towels Handcrafted Hat Userfriendly faulttolerant meme catchphrase image macro phrase picard what the is this shit confrontational -
However, one venture capitalist and early crypto investor Ben Horowitz has lost a bet against financial journalist Felix Salmon over Bitcoin’s current level of adoption. Despite losing the bet, Horowitz is doubling down on crypto and has made a new bet in the public’s eye. Bitcoin and the Five-Year Losing Bet Felix Salmon, a high-profile finance blogger at Reuters, is a prominent bitcoin skeptic. So when Felix recently published an essay calling bitcoin a bubble that was sure to burst, Ben posted a Bitcoin, by contrast, people betting on a decline of trust in government have been stocking up on gold and bitcoins. Felix Salmon was a senior editor at Fusion. Felix Salmon, a high-profile finance blogger at Reuters, is a prominent bitcoin skeptic. So when Felix recently published an essay calling bitcoin a bubble that was sure to burst, Ben posted a Felix Salmon, a high-profile finance blogger at Reuters, Betting a bitcoin was a no-win proposition for Felix. If he's right, the value of a bitcoin will be trivial in five years. If he's
https://www.mbitcasino.com/ is the no. 1 Bitcoin casino for playing slots, blackjack, video poker and table games online for real money. Claim your 1 Bitcoin... 黑客大户救助赌徒每人5万 黑客大户联系方式: qq 805388小号141961 大户追款app官网: dh1.cc. Felix Weis isn’t some bitcoin core believing noob. He’s a well-regarded software engineer, researcher, and developer with a deep knowledge of computer science and cryptography. Felix Smith - youtube channel scam virus file do not download carefully ... Bitcoin, bitcoin mining, bitcoin hack, bitcoin hack 2020, bitcoin games, bitcoin gambling, bitcoin betting, bitcoin ... Banking on Bitcoin YouTube Movies. 2017 · Documentary; 1:23:41. ... Carmen Felix Recommended for you. 21:39. Competition Rib Recipe from Pitmaster Heath Riles - Duration: 14:53.