Wen Lambo Crypto Podcast

“Trading is a skillset, and it’s almost entirely algorithmic at this point. If you’re not using machine learning, artificial intelligence, and sentiment analysis on social media, you’re going to get burnt.” - Jeremy Gardner

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Most of us aren’t The Wolf Of Wall Street.

Sure, we could handle the parties and excess of money, but the lifestyle of a great trader is something you don’t walk into. For most of us, investing means putting money in long-term value plays and checking the progress along the way. It is not the sleepless nights of caffeine-binging, watching the charts and making the hundreds of trades day in and day out.

On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are joined by Jeremy Gardner, founder of the decentralized prediction blockchain Augur, which at a market-cap of $300 million is said to be the most undervalued crypto-project in Silicon Valley. His expertise in crypto-trading is unprecedented, as he shares his insights today on how to approach investing vs. trading.

Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“If you accept the view that this technology will change our perception of how value is exchanged, then it doesn’t matter whether it goes down or up in the short-term.” - Jeremy Gardner

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Points to Keep In Mind

• Rebalancing your portfolio requires checking your profits against the thesis of your investment
• When investing in tech, have a thesis about both the technology and the value of the technology
• • Unless your thesis on the technology changes (as opposed to the value of the technology) you should always be rebalancing your portfolio
• The entire crypto market is based off speculative value
• Businesses are either parasitic (exploiting others) or symbiotic (helping others) or anywhere in between
• Ripple is a blockchain designed to transfer large sums of money between financial institutions with more liquidity (helps banks be more honest/transparent)
• Bitcoin is an asset class that has an unprecedented rate of appreciation
• Algorithmic trading is the only way to trade
• Only invest in long-term value
• Iota is a very scalable blockchain for Internet Of Things (IOT) and supply chain
• Be skeptical of any $1 billion + crypto company valuation without real world application
• Quantum over Neo because of real-world application and East Asian investment thesis
• Steem is a crypto Reddit, runs on the Eos network which can handle mass transaction
• Always try to be the dumbest person in the room
• Net neutrality will just cause a Web 3.0

“Forget a jury of 12. You could put evidence up on the blockchain and have 10,000 people of all ages and backgrounds vote. That’s justice.” - Tai Lopez

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Our systems are built on trust.

We trust our banks to hold our money, our schools to teach our children, and our government to protect our identity. We do this because we have to. How else would our world work if we didn’t have to trust other parties?

The answer is blockchain. And on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are discussing the predictive power of blockchain technologies. By keeping a detailed, open-source ledger, blockchain is able to shed unprecedented transparency on all transactions. It’s about more than making money with blockchain. Rather, we should focus on the benefits this technology will create for all sectors of humanity.

Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“Imagine a restaurant that has dirty food. They should have an F but they pay the health commissioner $1000 and suddenly they have an A. Humans can survive in our current system, but we just live in a world filled with food poisoning.” - Tai Lopez

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Points to Keep In Mind

• Depression/sadness is functionally adaptive, tells your body to stop doing the thing that is making you miserable
• Blockchain could rupture the fabric of the criminal-justice system to cause a more just system
• • Our current model with a 12-person jury is model of a centralized system, highly susceptible to corruption and bias
• For-profit prisons prevent any chance at rehabilitating our imprisoned
• • Donate to the The Innocence Project to help undo wrongful convictions
• Political voting would be tallied in real-time and discrepancies would be easily solved because of transparency
• Uber, though not on the blockchain, has a rating system that decentralizes the employee rating performance and promotes transparency
• Ethereum is considering forking into a proof of stake
• Proof of storage model is different than proof of stake and proof of work
• Smart contracts remove the human count or judgement from the system
• Blockchain will enable unprecedented stock market arbitrage
• Blockchain could power an intrapersonal lending system, so your peers lend you their excess money instead of banks charging $35 for $1 credit
• Blockchain technology makes it near impossible for people to hack things in secret
• • Decentralizing systems spreads out the mechanics, making it harder to manipulate
• Blockchain is not just spreading out location; rather, worldviews, ethnicities, gender, sexual orientation, etc.

“Who do you want having their thumb on the nuclear bomb? The guy who loves war or the person who says, “I’m only going to do this if I have to.” - Tai Lopez

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Today’s problems are rooted in centralization.

From governing bodies to education boards, most of our society’s battery power is generated in centralized teams. Sure we elect officials through a democratic process to stand in these circles, but once elected, the procedure that follows is highly susceptible to corruption.

This is where blockchain technology comes in. By decentralizing the decision-making power, transparent and truly democratic process can be implemented across every industry. The crypto coin is just the function that incentivizes people to partake in the blockchain. But it should not be the focus.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are discussing the predictive power of blockchain technologies. What will the world look like when every industry adopts an open-source ledger to execute their function? The answer is that all sectors of humanity will benefit.

Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“Half of the world’s problems are because centralization brings narcissists to the top.” - Tai Lopez

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Points to Keep In Mind

• Communism cannot work in societies with centralized governments
• In Amish communities, to become a minister you cannot ask to be one (they draw straws)
• Those who aspire to be a ruler/president are highly correlated with the dark-triad traits (machiavellianism, narcissism, and psychopathy)
• Blockchain technology makes it near impossible for people to hack things in secret
• • Decentralizing systems spreads out the mechanics, making it harder to manipulate
• Blockchain is more than spreading out location: worldviews, ethnicities, gender, sexual orientation, etc.
• Blockchain technology could invert the occupation formula where consensus is reached by the people on who would make a great (insert occupation)
• 80% of Navy Seals are legal psychopaths
• Humans have an advanced neocortex for predictive things
• Money has not been that great of a part of human civilization
• We’re all related to 50-100 other humans, and our DNA is 1-4% Neanderthal

“The more powerful application of blockchain technology will be how we predict things. Bigger than how we change money.” - Tai Lopez

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Blockchain technology will help us do more than make money.

By decentralizing the decision-making power, transparent procedures can be implemented across every industry. Cryptocurrency is just the function that incentivizes people to partake in the blockchain. But it should not be mistaken as the focus.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are discussing the predictive power of blockchain technologies. It’s about more than making money with blockchain. Rather, we should focus on the types of benefits the technology will create for all sectors of humanity.

Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“Blockchain will enable justice for injustice. The right people get put in prison and the right people get set free. School systems where you learn things that are going to help you in life.” - Tai Lopez

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Points to Keep In Mind

• The ‘make money movement’ is a small part of what blockchain technology will provide
• Elon Musk’s first idea for Paypal was a cryptocurrency
• Augur allows you to make a predictive bet using a special token
• Blockchain technology makes it near impossible for people to hack things in secret
• • Decentralizing systems spreads out the mechanics, making it harder to manipulate
• Blockchain is not just spreading out location; rather, worldviews, ethnicities, gender, sexual orientation, etc.
• 3 types of artificial intelligence: cyborgs, supercomputers, and collaborative intelligence
• Charlie Munger says, “Beware of perverse incentives”
• Try Googling something like “How To Make A Million Dollars” to learn how corrupted Google’s SEO algorithm has become through paid ads
• Centralizing systems creates efficiencies of scale but corrupts, because those without your best interest are put in the center/positions of power
• The U.S. has the highest GDP, more than the next 5 ranking countries combined
• Blockchain technology could invert the occupation formula where consensus is reached by the people on who would make a great (insert occupation)
• Richard Dawkins says that organisms that can predict the future with minimal trial & error succeed
• • This is why humans have evolved to have such big skulls
• Depression/sadness has a functional adaptation element, to tell your body to stop doing the thing that is making you miserable
• Conscientiousness is the ultimate predictor of outcomes
• Donate to the The Innocence Project to help undo wrongful convictions
• Blockchain could rupture the fabric of the criminal-justice system to cause a more just system
• Political voting would be tallied in real-time and discrepancies would be easily solved because of transparency
• Blockchain could power an intrapersonal lending system, so your peers lend you their excess money instead of banks charging $35 for $1 credit
• Being first to something means nothing, it’s purely luck
• Humans are susceptible to availability bias; you believe what’s in front of you
• Cryptocurrency is just the necessary function of the bigger blockchain organism
• • People need a monetary stake to be incentivized to voice their vote/opinion 

“It’s not hard to see the future. Getting the timing right is the challenging part.” - Brock Pierce

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2017 was a year filled with Bitcoin headlines.

We learned it could go up 200% in a month, and then drop $5,000 in a day. We learned which of our friends were skeptics and which seized opportunity in front of them. We learned a lot in 2017.

But if you thought 2017 was the year of cryptocurrency, get ready for 2018.

On today’s episode of the Bitcoin Crypto Mastermind show, we review some of the best highlights from this past week’s interviews. From analyzing data chart graphics with William Duplessie to questioning the philosophy of trading with Brock Pierce, today is about covering all things crypto-related.

To continue your self-education, subscribe wherever you listen to podcasts (Spotify, iTunes, SoundCloud, etc.) to transform your time at the gym into a physical AND mental workout, or your daily commute into the inspiring hour of story and crypto insight required to take your investing game to the next level.

And don’t forget to subscribe to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

“Charlie Munger says that you should hold no opinion if you can’t argue the opposite opinion better than the one you hold. The true marker of intelligence is someone who can see both sides to every situation” - Tai Lopez

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Points to Keep In Mind

• All Bitcoin assets are fractionalized; you can buy as little as you want
• Blockchain will revolutionize the real estate industry by giving the people power to buy fractions of houses
• Don’t invest in speculative capital, only put in money you can afford to lose
• Wall Street influence will be positive: increased volume means decreased volatility which means these assets become safer and more people put more money in.
• Use Google Authenticator, never use SMS authentication
• Don’t invest in anything you don’t understand
• People who can best control their psychology win at the trading desk
• Making money is not an IQ thing
• You can move money from Coinbase to GDAX to get a closer look at analytics
• “You trade on the rumor, and you sell on the news.”
• Golem is a small alternate coin that has hype surrounding it
• Focus on the bottom of candlesticks when trading
• Technical analysis applies to crypto markets because they aren’t mature
• Increased volatility - the books are small because the blockchain can only support a certain amount of traffic
• Ripple's execution is spot-on, being used in the international banking system
• MIT is skeptical of the security of Iota's cryptography

• Eos is more decentralized but less censorship-resistant
• • Can take tens of thousands of CC transactions per year
• Bet on the projects Brock Pierce is behind
• Bitcoin and Bitcoin Cash trade inversely; when one goes up, the other goes down
• Most new open-source technologies are built on top of Ethereum
• When evaluating alt-coins, research the founding team and read the whitepaper