Ep 12 - Why Israeli Bitcoiner Udi Wertheimer Is Short ETH

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Magic Internet Money - Bitcoin 101 Podcast

Technology


Udi Wertheimer is a skeptic on most blockchain tokens. False marketing annoys him, he thinks Ethereum is fundamentally a bad investment, and the new DeFi movement is not decentralized at all. Show Notes: Living through the silliness of the 2017 crypto bubble How Udi thinks about the space then vs now Ethereum’s problems, comparing ETH then vs now DeFi is mostly centralized, comparing Tether to MakerDAO & Bitmex liquidations What if DAI was built on Bitcoin What is Liquid, why couldn’t ETH be built as a Bitcoin Sidechain Decentralization of sidechains vs native blockchains Chances of heavy regulation on ETH projects What would have to change to make Udi bullish on ETH Brad’s thesis on Cryptocurrencies in general The average investor has gambling tendencies mass adoption discussion, Paypal vs Bitcoin UX Macro discussion. Green new currency and modern monetary theory What it’s like living in Israel What Udi did before Bitcoin Politics discussion, Trump’s impact. Fairness in crypto  - BTC is not equally distributed but that’s normal Risks involved in mixing Bitcoin  Whitelisting bitcoin, blacklisting bitcoin and how that can void anonymity  Udi’s advice to noobs Gambling with Altcoins and managing risk Will Udi join the Tron army? ETH predictions Reckless Review Podcast Twitter Find Udi’s Telegram Channels here:  VR Bitcoin Meetup Group - Learn From & Network With Bitcoiners VR Udi’s Pro-Ethereum Alerts Check out Udi’s TedTalk  ---- 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. --- Brad Mills is a partner at Xsquared Ventures. All opinions expressed by Brad & his guests do not reflect the opinions of Xsquared Ventures or Xsquared Ventures Management. Investing in cryptocurrencies is high risk and can get you rekt, do not treat any opinion expressed on this show as investment advice, but only as an expression of Brad’s opinion. This podcast is for informational purposes only. Do not attempt to HODL without doing your research first.