Cyprus Bank

Mt. Gox Hack

Prosper

1000x Report

Chris Larsen

Chris COVID19 Fight

XRP

Ripple

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

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You have stumbled onto another episode of Get Your FILL, Financial Independence and Long Life, where we explore ways to achieve those two goals. If you missed part one of Cedric Dahl, go back right now and find it. Cedric got into Bitcoin when it was $3 and Vladimir Putin’s right-hand man in the US spent an entire day with Cedric and his team to get smarter about blockchain so you don’t wanna miss a word.

Chris: You touched on blockchain and I think I’m not alone in not 100% understanding how – I understand how it works but I’d still like you to just touch on that, but also how would you view it? So it’s supposed to be like it’s there: you can always see how much everybody has on their virtual spreadsheet. How would you do that? How does that happen? I guess I can’t be alone in being ignorant about that whole process.

Cedric: Honestly we’re all ignorant about it. The truth is that there are zero experts in this space, because it is so wide and so hard. I don’t know how to describe the simplest way to look at the spreadsheet. It’s pretty easy to look at the numbers on the spreadsheet, but they’re not gonna tell you anything meaningful.

You have to zoom out. Well, I guess the first thing we can do is ask a more specific question which is: how do you see if anything meaningful is happening with any of these projects? Are they doing anything for anyone?

I think the way to do that is to look, not at the spreadsheet itself but instead, to look at the markets, where are the censored markets?

And so today, that’s the darknet, it’s entirely the darknet and I think that that’s the only place that you’ll see this technology be used – outside of gambling on price because you have to use a censorship-resistant technology or you will be censored. It’s just that simple. And so I would encourage people to ask: who’s got this problem where they’re being centered and is the amount of censorship growing or shrinking.

And the simple way to think about this is: what has become one of the most valuable assets that was not valuable 20 years ago and I think we all intuitively know, it’s data. Data went from being barely valuable to being the most valuable thing, right? These companies that are exploding in value, what do they do, they sell your data, right?

So Google, they sell your data to advertisers. Amazon, they sell your data to advertisers. Facebook, they sell your data to advertisers. Instagram, they sell your data to advertisers. So there’s a pretty clear theme here.

Now, in terms of data, so there’s this explosion of data. And what about censorship – is there an increase in censorship? Well yes, obviously. If you look at China, they have a whole firewall and there’s people who find ways under, around and through the firewall, but it exists, and it’s pretty beefy. Russia for the first time ever experimented with shutting off the external internet, and only having a Russian internet, Russia-only internet.

So is data first of all,