This is 💯 worth watching, but he has a tendency to over think outcomes the are clearly absolutes. Its likely why he doesn't understand Elon very well. Which he talks about.
He pretty much said that bitcoin doesn’t fit the cypherpunk, libertarian ideology anymore and that most of the gains have been gotten and implied it has been taken over by blackrock.
Remember, this was when China controlled an enormous amount of the hash rate. After this, mining was banned in China, and most of the hash rate moved to the US. Now that BlackRock owns so much bitcoin, Thiel has now replaced that company as his bogeyman. I think he takes things too far, though I am not a fan of BlackRock, and China still controls ASIC production.
Actually my view of Thiel is little abrasive. Many people have started to view him as a Bitcoin pagan, but I think he is just another fella who loves to entertain himself by anything.
He seems to me to be thinking out loud often, without fully forming his ideas. We all do that all the time, but he's famous, so all of his opinions are given a great deal of attention.
Thiel is one of my faves. Every few years he has a handful of super big fresh ideas.
Like this one?
https://unlimitedhangout.com/2020/12/investigative-series/palantirs-tiberius-race-and-the-public-health-panopticon/
Thiel is the most dangerous scourge on earth.
https://x.com/_whitneywebb/status/1392224034834812943
Be careful which ass you kiss...
This is 💯 worth watching, but he has a tendency to over think outcomes the are clearly absolutes. Its likely why he doesn't understand Elon very well. Which he talks about.
What are your thoughts on his recent comments regarding Bitcoin?
What are his recent thoughts? Not good?
He pretty much said that bitcoin doesn’t fit the cypherpunk, libertarian ideology anymore and that most of the gains have been gotten and implied it has been taken over by blackrock.
Ah I’ve got to catch up with his latest interviews/talks
He doesn’t understand halving cycles. That’s ok. He has a lot on his plate lol
He doesn`t get out much.
Peter has some very weird freak out moments:
https://finance.yahoo.com/news/peter-thiel-china-using-bitcoin-093000576.html
Do you believe that he is right about his comments on China?
Remember, this was when China controlled an enormous amount of the hash rate. After this, mining was banned in China, and most of the hash rate moved to the US. Now that BlackRock owns so much bitcoin, Thiel has now replaced that company as his bogeyman. I think he takes things too far, though I am not a fan of BlackRock, and China still controls ASIC production.
Actually my view of Thiel is little abrasive. Many people have started to view him as a Bitcoin pagan, but I think he is just another fella who loves to entertain himself by anything.
He seems to me to be thinking out loud often, without fully forming his ideas. We all do that all the time, but he's famous, so all of his opinions are given a great deal of attention.
Yes, you're right. I don't doubt his tech and entrepreneurship skills. But many times he makes statements that are exaggerated without clues.