Updated: Jul 5, 2020

I have uploaded the Audio to Skynet. Have a listen.

Update: Added the latest Thriller Podcast Mini episode to SoundCloud /// more on this later. listen below

Updated: Jun 29, 2020

We’re very much in a transitional period in time where more and more value is being created online in all sorts of digital forms.

The main issue we have during this transition is the friction caused by the on-ramps and off-ramps with our current legacy financial system. How do we pay for this digital value?

Will all forms of digital value stay online and only ever live & breath online. Without ever exiting out of the internet? Will we be able to hold our digital forms of value in the future with AR/VR component in our palm. Will we go to a retail store and purchase a CryptoKittie in its AR/VR form. That might be a topic for a different day.

But still how do we determine a digital form of value?

Is the stock of Twitter value determined because of its quarterly returns to its shareholders or does the true value stay with the people who run and maintain it and the community that lives there? Could the people who run and maintain it along with the community leave recreate another Twitter and be just as valuable?

People associate Bitcoin scarcity with Gold and from a marketing perspective this works extremely well. If this is true then Bitcoin is the reinvention of Gold native to the internet.

But as more and more digital forms of value start to appreciate and increasingly become scarce online how will the internet determine this value? Is it cash? or more fiat currencies? Do we leave that for the real world?

Is it Ethereum? Well over 75% of all digital assets of value online are appearing to show up on its platform? With more and more real world assets in the near future as well.

No, that is just a technological tool of its time (e.g. paper and pencil in the 1800’s, the personal computer in the 1900's)

Can we leave money to just being the foundational layer for everything else. Is this still true?

Since creation, Bitcoin has precisely a maximum supply of 21 million coins. As of writing, approximately 18 million bitcoins exist and new bitcoins are supplied at a rate of ~3.6% annually. Nearly every ten minutes, when miners process a new block, 6.25 new bitcoins are minted.

I think it requires a something truly organic in nature, frictionless, divisible and truly decentralized as currency. Something that is global and native to the internet.

Something like Bitcoin.

President Trump’s pick to be the next U.S. attorney for the Southern District of New York, is none other then chairman of the Securities and Exchange Commission and a longtime corporate lawyer with deep connections to Wall Street, Jay Clayton.

This news has really hit the mainstream, Clayton is currently facing an uphill battle to win the Senate confirmation. Even Senate Minority Leader Charles E. Schumer (D-N.Y.) has already called on Clayton to drop out. “Jay Clayton can allow himself to be used in the brazen Trump-Barr scheme to interfere in investigations by the U.S. Attorney for SDNY, or he can stand up to this corruption, withdraw his name from consideration, and save his own reputation from overnight ruin.”

Funny thing is myself and the entire crypto & bitcoin space know SEC Chairman Clayton very well. He was actually appointed by Trump to stop the ICO boom in 2017, and has been a big road block for Bitcoin and Cryptocurrency regulation ever since. We have covered him many times on the show he lacks a technical understanding of DLT and gives just a genuine "doesn't care" attitude whenever he talks about it, which has been often in his short time there.

Honestly Clayton is Trumps guy both of them play golf together and are very close and Jay will do whatever he is told. Looking forward to his step down from the SEC chairman position. As for the controversy behind the appointment, I am not surprised everything Trump has done in his presidency has always had terrible optics but nothing changes. Ultimately anyone but Jay is a great thing, if I had to choose my first choice would be Hester Peirce.