Fred Kreuger has been making the rounds spouting his take on ETFs. Those interviews bug me.
He can come across as an arrogant jerk, but he is a mathematician who really understands bitcoin.
This is his own podcast. It has nothing to do with ETFs. He carefully explains the creation of bitcoin. He knows many of the players who developed the techniques that ultimately led to Satoshi's white paper. It really is an excellent primer on bitcoin. His personality is a bit grating, but try to overlook that.
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I can't get past the cryptopunk. I have so many questions. Is it an ordinal cryptopunk or an ethereum based cryptopunk? Was it framed for satire? Did he right click that or did he actually buy that ugliness?
I'm not observant at all. Is it displayed in that room where he does all the interviews?
It's right behind him above the keyboard.
Great. Now I have to watch him again. He's best in small doses.
Did you see my post from NFL survivor about doing an MLB survivor pool?
Looks like a decent number of folks want in. Hope you will join.
Oh yeah. I responded to the post definitely, but I guess it was a poll? Regardless, I'm in. Definitely.
Great. Yes it was a poll. Sorry if I missed your response. There were a lot of comments because ek and k00b answered a technical question I had and then had a conversation about it in the thread. Oh well, good for exposure for the poll.
I'm fuzzy on the rules. I guess we pick a team each week?
I just listened to the interview on Simply Bitcoin IRL. It was pretty interesting. He is definitely very bullish but I'm not sure he really understands why he should be. He says he respects self-custody but doesn't think many people will do it. Probably true for the kinds of people he knows. Bitcoin is fundamentally about minimizing trust and someone like this guy is all about trust.
Also he's 100% in it for fiat gains.
Be aware... We are in a new Bitcoiner era, the "intelligence era", when they (the enemies of Bitcoin) will release everywhere, intelligence and specialized people to twist people minds with all kind of stuff, macroeconomics, ETF, math etc, BUT THEY WILL NEVER SAY the important the root of the problem: THE STATE.
They are all state "kiss ass". And their narrative is how to position BTC into macroeconomics, how to regulate it, compliance etc...
This is the phase when they join you. But also want to change the course of natural actions of Bitcoin.
Before you listen to these guys, just look into their background, what they really did in their past, for who they worked, who funded them.
You will find very interesting things...
Follow the money, not just their nice words.
YOU HAVE BEEN WARNED.
Bitcoin is simply FU money, freedom money, for individuals, not for govs, not for states, not for countries. It empowers the INDIVIDUAL.
https://i.postimg.cc/QxLpXgr4/BTC-sovereign.gif
Be aware who you are listening...
https://i.postimg.cc/4xRC0dYv/krueger.jpg
Point taken
Math is despised by many, but at the end of the day, everyone loves it without knowing it. Bitcoin is math!
He clearly speaks the language of wealthy boomers. From my work in the media, I'm used to not listening when someone gets on my nerves, but I still filter out information. In my opinion, this man knows his stuff and communicates sound knowledge. It's definitely a useful addition to general communication
He does not really understand Bitcoin, all he cares for is bitcoin in an ETF format, and he’s been very vocal about that. He only got into it very recently, and already he’s going around saying ETFs are the one and only reason Bitcoin is where it’s at. And it will only be like a 10-year play for him, he does not see much of a future in it beyond.
He’s also literally telling people there’s no point in building on bitcoin and that we should all just buy into ETFs instead. He doesn’t care about Bitcoin Core, Lightning, Fedimint, all of that is just nerd shit to him, ETF is the only thing that matters.
Been following him for the past few months, but he’s been having more and more absolutely dreadful takes. He’s an elitist and very much out of touch.
Do not trust him, I bet he will turn against it when the bear comes, all he ever experienced in bitcoin is NGU.
He discusses this blog post written by a friend of him called Satoshi's Soup:
https://benobi.one/posts/ingredients-of-bitcoin/
🔗 Privacy-friendly: https://yewtu.be/watch?v=ZfXELnziULo
Good post 😘
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Disclaimer: I'm a boomer :)
I hate to come across as defending this guy, but I heard him make the comment that you linked from Twitter. His point was that boomers like us used real estate to combat the depreciating dollar. He is saying that young people have an even better opportunity now- buying bitcoin so low. Many are not taking advantage. I can't disagree with that.
My knock on the guy is he feels it's inevitable that Wall Street will co-opt bitcoin, and we should all just accept it. I don't want to accept that.
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Under-rated point. The entire bitcoin ecosystem depends on understanding this point, in fact.
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Just saw the new Dune movie, and this makes me think of the cool way Frank Herbert made it so you could still have sword / knife fighting in this future universe: there's a shielding tech that soaks up plasma weapons, and things that move quickly like projectile weapons. So what's left is kick-ass hand-to-hand combat. Nice hack.
Maybe there's a similar kind of 'attack' like you describe -- slow enough to get past the shields of more kinetic assaults.
Sounds like you and I have similar concerns. The word co-opt was mine. Kreuger's attitude is basically "you guys had fun with your nodes and hardware wallets, but the grown-ups are here now." I opposed ETFs for this reason, not that it mattered. BlackRock will soon control more bitcoin than any other entity soon. I share your concern regarding devs getting controlled by the "grown-ups."
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Great reply. Thanks.
Fair enough. I am going to try to look into his background a little more. He claims he knows the person who invented the idea of proof of work in the early 90s. He might be the real thing, but he does brag and name drop a lot more than I would expect from a guy like this.