Bitcoin OG Charlie Shrem is now the chief evangelist of a project called Digital Gold (DGD). In this episode, I ask him and his business partner John Gotts all the important questions about the legitimacy of their new cryptocurrency.

Time stamps:

Introducing Charlie Shrem & Digital Gold Jedi (00:00:48)

Is Charlie Still Bullish on Bitcoin? (00:01:40)

From Bitcoin to Digital Gold (00:02:05)

Details of the Digital Gold Project (00:04:52)

Stability and Value Preservation? (00:05:37)

Community Engagement and User Growth (00:08:34)

Comparison with BitTorrent (00:09:01)

There Are Thousands of Digital Golds (00:14:28)

Unique Features of the Digital Gold Project (00:15:08)

Which Wallets and Exchanges Support Digital Gold? (00:17:05)

Community Engagement and Validation (00:17:55)

Initial Feedback and Expectations (00:18:50)

Purchasing Process and Coin Distribution (00:19:26)

Coin Withdrawal Mechanics (00:20:15)

Network Growth and Distribution (00:21:02)

Exchanges and Market Dynamics (00:22:57)

Stablecoin vs. Price Speculation (00:23:25)

Price Determination Mechanism (00:24:27)

Infrastructure and Value Creation (00:25:09)

Market Dynamics and Adoption (00:26:06)

Mining vs. Market Factors (00:26:21)

Coin Purchase Process Clarification (00:27:13)

Community Participation and Evangelism (00:29:20)

Address Reuse Concerns (00:31:16)

Price Validation by Community (00:32:38)

Selling Coins Among Users (00:34:31)

Community Exchange Challenges (00:34:43)

Decentralized Exchange Considerations (00:35:44)

Arbitrage Opportunities (00:36:00)

Side Shift (00:36:43)

Treasury and Bitcoin Ownership (00:37:42)

Concerns About Bitcoin Reserve Safety (00:38:00)

Community Trust and Auditing (00:39:26)

Charlie Shrem’s Long-Term Vision for Digital Gold (00:40:28)

Self-Custody and User Understanding (00:41:51)

Value of DGB vs. Bitcoin (00:42:07)

Name Change Story (00:44:01)

Treasury Transparency and Auditing (00:45:24)

Future of Auditing in Crypto (00:46:29)

Bullish Prediction for Digital Gold (00:47:18)

Understanding User Risks and Backup Solutions (00:51:51)

Digital Gold Experiment (00:52:56)

Challenges of User Adoption (00:54:10)

Centralization Concerns (00:57:42)

Node Operation Incentives (00:58:16)

Concept of Proof of Participation (01:00:55)

Contribution vs. Purchase (01:06:52)

Intrinsic Value and Market Parity (01:09:07)

Discussion on Gold and Currency Value (01:10:04)

Clarifying Payment Terminology (01:10:35)

Contributions, Not Investments (01:11:57)

White Paper Availability (01:12:44)

Smart Currency Concept (01:15:20)

Comparison with Bitcoin Cash (01:15:49)

Participation in the Network (01:16:40)

Digital Gold vs Terra Luna (01:17:47)

Claiming Coins Without Purchase (01:19:16)

Distribution Model Fairness (01:21:04)

Becoming a Staker (01:23:25)

Node Connection and Validation (01:25:03)

Impact of Node Outages (01:27:25)

Core Staking Nodes Explained (01:28:09)

Government Threats to Network (01:29:10)

Initial Market Cap and Podcast Launch (01:30:25)

Security Team: How Does It Get Paid? (01:32:44)

Bug Bounty and Security Issues (01:36:00)

Distribution of Coins and Participation (01:37:29)

Peer-to-Peer Transactions (01:39:33)

Transparency of Coin Holdings (01:41:51)

Labeling The Team’s Staking Wallets (01:42:23)

First Dancers (01:45:31)

Charlie Shrem’s Role in Digital Gold (01:45:39)

The Litmus Test (01:46:03)

Importance of Charlie's Endorsement (01:46:31)

Highlighting Charlie's Character (01:47:31)

Addressing Potential Concerns (01:48:03)

User-Friendly Exchange Integration (01:48:42)

Future Selling of Coins (01:49:44)

Saying Goodbye (01:50:13)