Cedric’s recent appearances:

‘The Bitcoin Podcast’ – Link

‘What Bitcoin Did’ podcast – Link

Conversation with com‘s Roger Ver – Link

The story of Cedric’s startup ‘Buttercoin’ – the 1st ever regulated Bitcoin exchange backed by Google Ventures and Y Combinator – Link

Cedric’s social media:

YouTube, 69,400 subscribers – Link

Twitter, 4,000 subscribers – Link

Newsletter, 21,000 subscribers – Link

*Intro and outro music are from an original piece by

Carl Zukroff of The Blue Hotel

Cedric Dahl

YCombinator

Venezuela Crypto

Venezuela Petro

ICANN

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You have stumbled on to another episode of Get Your FILL, Financial Independence and Long Life, where we explore ways to achieve those two goals. A couple weeks ago, I pooh-poohed this whole virus scare as a lot of drama. Since then. I’ve done some research on it and it’s no joke. You can have all the conspiracy theories that you want, but it’s real and it’s here and to get rid of it, all we have to do is just all stay home for two weeks. If we do that, everyone who has the virus should know they have it, and then they can continue to stay home and the rest of us will be able to go back out and get on with our lives, and mingle with other healthy people who we know their healthy because they haven’t seen any unhealthy people for two weeks.

I mean, I get it right. We’re Americans, no one can quarantine us… We have a constitutional right to go to Home Depot.

Yeah, you do, but maybe for two weeks, we could all exercise our constitutional right to just stay home and stay healthy.

Okay, that’s enough of that. This week’s guest, Cedric Dahl, is in a league apart from most of us in terms of understanding crypto currency, the darknet and how all that blockchain-ey stuff works. You gotta check out his complete bio on the website, which is GetYourFILLPodcast.com because he is a fascinating guy, but I’ll just give you a couple of highlights. He got into Bitcoin when it was $3. He’s got 10 years of experience in the crypto industry, and he’s been advisor to all kinds of people and companies and people who need to know more and understand more about blockchain and crypto-currency and industrial mining and all that kind of crazy stuff that I don’t even have a clue about.

So Cedric, Bitcoin has lost a lot of its value lately. Is this the right time to buy?

Cedric: I think the… What I can say is the advice that I gave my parents, which is: cash is king.

Yeah, and I think that there’s three time frames that I look at this, and there’s the short term, which is like the next one to six months, there’s the medium term, like six months to two years, and then there’s the long term like two plus years and I think that things are gonna be very different across those three-time horizons right? So for the next short- to medium-term from now to two years, I would say that Cash is absolutely king. So very few people have the cash to last two years, which is a really sad state of affairs but that’s just the reality.

And most Americans are not prepared for retirement.

It sucks, but it is what it is. So if you are prepared for retirement, the question is: Do you have enough cash, the last two years or are you dependent on investments to help you with a fixed income? If that’s the case, I can’t give the listeners advice because I’m not a financial advisor, but what I told my parents I take all of your money out of the… Take all of your money out of these high-yield or really any yield investments to just get them in cash, because these yield-seeking investments are taking risks and they’re making invest