TIMESTAMPS: 00:01:19 Opening Statement: Green 00:07:55 Opening Statement: Pomp 00:13:07 Nefarious Activity and Transparency 00:23:26 Who Controls Bitcoin? Should It Be Banned? 00:35:23 Are There Benefits of Bitcoin to the US? 00:46:30 Exposure to Bitcoin in an Unpredictable Future 00:52:19 Can Bitcoin Be Successfully Attacked? 00:59:41 Is Wide Spread Adoption Likely? 01:11:44 Final Thoughts 🔥 𝗚𝗘𝗧 𝟳 𝗗𝗔𝗬𝗦 of Real Vision Premium access & insights for only $𝟭 (seriously!) rvtv.io/RVfor1dollar
Someone mentioned Andreas antanopolis , he would have eaten Mike for breakfast pomp is great but he is more about the asset where as bitcoin and the Genesis block is a direct attack on the banks and we all support it that is why we are investing and getting those around us to do the same .... the current global currency’s are debt based !?!? And can’t get out of that debt ..?? For many reasons Bitcoin is here and we will do all we can to keep it here . Pomp was silly to ignore the Genesis block and why it was created , honesty is needed . This is for our freedom 🔱 the banks and their friends have had many hundreds of years of dominance and war .... this is the last war ! Bitcoin is a fork for society and it’s been decided to be implemented ✌️💚☯️🔱🤿 viva la revolution
Notice the type of companies buying Bitcon with their cash versus those buying up their own stock. So we should all sell our stocks and hand over our cash to someone who is selling us their Bitcon? Why are they selling?
What this had made me do is to look up more of Mike Green's opinion. I love listening to smart articulate people who are against bitcoin. Too many vids on youtube are simply in an echo chamber. It is important to listen to the other side
In a system where only the wealthy can grow is an absolute non sense. In this system an engineer (myself) need to be a real estate agent or a trader and invest so that my savings don't loose value. It's might be easy for a person like me. But for a person who earns daily wage to eat daily to keep up with their daily spending cannot be expected to do this.
That did not age well bro🤣 I laughed out loud at 42min 36sec. I think both are right, bitcoin will never be the world currency however, at the end of consumer capitalism and the ensued subscription based economic system will ensure that deflationary assets will be out of reach for those can't afford to be financially independent!
I must say I love the fact, that they actually let the counterpart SPEAK. They take notes and then react in a civil manner. I would love to see this in the politics debate so much! Kudos for all of them!
Timestamp Summary 01:25 - Background & Opening 7:00 - BTC is Anti-USD? 12:30 - Should we ban BTC? 17:10 - is BTC China controlled? 23:00 - Mike rebuttals 52:00 - 51% Attack on BTC 59:00 - 1% exposure vs CBDC/Gold 01:05:00 - BTC is Monopoly game Some timestamps got deleted while editing, sorry.
@Andre Anyone I would say Green is a payed propaganda tool. Question: What is your view on Bitcoin? Answer Green: It is an evil tool used by Iran, Russia and China to sell drugs to American babies and stop us from bombing countries to keep the MIC going.
Mike ate this guy up with objective data that I would have loved to hear refuted, instead of defensive soundbites. I hope Anthony is right because I have a lot to lose, but he's too emotionally fragile to defend. Get Saylor!
Most of my assets are in crypto but I don’t like how Pomp was being so accusatory and sensational in this debate. He put a lot of words in Mike’s mouth.
Pomp comes out as a generic story investor who has his entire portfolio in bitcoin and "save the world" kind of investments and gets triggered with people who don't share his same views. Mike on the other hand is just China/Russia/Iran fear mongering.
Outstanding discussion... Extremely well moderated. I'm a Bitcoin investor and 35 year trader. Mike Green's perspective is powerful and necessary. Great job to all three participants!
If set of all investors pays certain fee to miners, doesn't that mean investors (in total) will always be in loss? How can investors gain their money back that they lost to miners' fee, other than from other investors?
@@OldManNutcakez And yet it amusingly all started with a money manager - who is asserting understanding of technology if only to impeach it - claiming someone else (who worked at a technology firm for years) isn't a technologist is the classic ad hominem. Nocoiners tend to become emotional when they're busy implicitly shorting one of the greatest technologies ever created.
James koury...Take my advice (Don't Trade) buy or hold for years then get retired. You don't want all the stress and crazyness involved in trading. Don't believe the is formula.
Exactly, “I lIkE tO ExPlIn ThInGs tO PeOpLe lIkE ThEyRe 3Rd GrAdErS” Pomp simply believes that Bitcoin is the ONLY crypto currency out there, why are there no discussions about Alts being superior to bitcoin? Bitcoin played a role to introduce us to Crypto and have these conversations about future of finance, but it is definitely not superior to other projects. First bitcoin is going to uproot evil banking system, now bitcoin is going to moon because banks and politicians own it.
@@anthonycarrillo16 Bitcoin does have all the problems mike pointed out but plenty of alts don't and have inherent value to the world everyone can see.
@@anthonycarrillo16 Bitcoin is the only decentralized non-fiat crypto there is...that's why it's superior to alt coins which are all centralized to some degree. Bitcoin has value for its fundamental attributes...not what Mr. Market says the price is in terms of fiat dollars.
Look... every single person I know wants the central bank to stop printing money. So it's not simply about communicating our preferences. They won't stop printing. So our way to communicate is to opt out of the system!
buying precious metals, buying crypto I do not necessarily believe is ultimately opting out of the system. You can't really opt out lest you completely unplug from the system. At best, crypto and precious metals and other vehicles are merely ways to guard ones wealth from the ravages of the system .... not really opting out. You can't, as of yet and it will be resisted strongly, be paid in these forms, to transact in these forms full out. Best you can do is secure your wealth, ideally, redeem it for other forms of currency in order to engage in other transactions. The day may come where one does not need to redeem these alternatives stores of value before preforming basic, standard transactions, but I do not see that day as today. If one wants to communicate their displeasure at the destruction of the dollar, one needs to communicate this with those they elect. Unless this occurs, there is no incentive otherwise to act unless the crash of the system forces action .... and in that case, chances are those elected will not correct for the original error, but will double down on poor central planning and ensure greater future pains. Politicians are responsive to pressure. We see this in Covid. With a recall petition with over 2 million votes, all of a sudden the Governor of California is beginning to 'see' the science which now warrants changes in executive orders. It is funny how science all of a sudden seems to present itself that certain restrictions by government mandate are no longer necessary when the populace applies pressure. Don't wait for the 'right' people to populate the positions which impact us ..... make the system preform no matter who is in those positions.
Military industrial complex, probably the single most pertinent factor influencing countries to forsake ethics and morality in favour of economic gain...
Was thinking the same thing...If you've been a professional investor for over 30 years like Mike has, and putting out such an obviously false claim, that makes me take the rest of his assertions with a proper grain of salt.
It’s a rare debate that all three participants are well informed, civil, and have respect for one another. I have shared with everyone I know who are bitcoin and/or gold investors.
Mike did a great job, but Pomp did a horrible job. Sounds like he never heard of or thought about the issues raised by Mike. The BTC community is completely filled with people like Pomp. The arguments have changed so much for BTC "Money -> Currency -> Digital Gold -> Store of Value" and now its a "protocol." The psychology of this market is too reminiscent of a bubble to be investable, but its certainly fun to watch.
My favorite articulation of Anthony’s: “Mike likes to use sleight of hand and insults when he’s backed into a corner. I’m not like Mike and I’m not going to do that. And I DO know technology and how it works, because I was once employed by a tech company.” My ex-girlfriend used to work for JetBlue as an IT manager. She didn’t know a thing about jet engines. I once worked for an architectural firm. I was the janitor. Would you like me to design your next house?
The hodling is the actual problem with crypto. If there is no trading in long and shorts, bitcoin will experince the same thing that happened to gamestop. Lots of bagholders and they are not going to be the ones who know how markets work. Not everybody can just hodl, what happens when theres no new suckers coming in anymore? A stock needs buying to go up, but it can fall on its own.
Although this debate is indeed civilized and well-moderated, I must say that Pompliano is not really engaging Mike Green's specific arguments. Instead, he is destroying a strawman of his own making.
Incorrect. He is saying that despite ANY argument against bitcoin, the answer is not to ban bitcoin and leaving america behind... There are plenty of micro arguments, but only one true argument is debatable. Do we embrace this technology, or get left behind?
I'm going to say Mr. Green is the winner here, IMO. mostly because of his unflappable nature in the face of silly, nonsensical attacks by Pomp. Also Green raises important points about cyrptos vulnerability to regulation and taxation as well as more.
Despite being on Pomps side, I agree. But rather than having proven his arguements right, Mike just proved to be unmatched as intellect and knowledge. He should have debated someone more knowledgeable in the matter.
@@Stewiehleba yeah its so accountable that its never been audited and rejects attempts to do so. Not sure where you get your info but it doesn't check with reality
@@Stewiehleba No, they aren't. Alan Greenspan stated that publicly and you can look it up on CZcams. Our government gets to pick the chairman and that's it. It's an unregulated private body and any other influence is feigned. The only thing that Congress could do, to r"egulate" the Fed, is to decide not to use them, completely, by deciding to use our Treasury to print our own money, which was the original intent. We could create our own money, but chose to borrow it, at interest, from a group of private banks.
I expected a lot more out of this to be honest. I am a big Pomp fan but he failed to address on merit many of the "facts" brought up by Mike. Instead he kept on talking about his vision for bitcoin or repeatedly stating how misinformed Mike's vision was, without really stating why.
I’m glad you acknowledged how bad at debating that Pomp guy was. All he did was claimed the other guy was saying things that he never said and then swerved every question put to him. His smug arrogance was very off-putting, as well.
@@businesspartners619 Dumb it down for Mike? Mike offered sophisticated technical criticisms of the Bitcoin blockchain, and Pomp couldn't even respond to it, with the excuse of "making the debate understandable to a 5 year old". what??
Lol mature? Hardly. When you personally bash people in your statements, I wouldn't consider that mature. Saying Micheal Saylor is not someone to accept life advice from because he's invested in Bitcoin is absurd. Especially since Micheal is extremely intellectually inclined.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose - is the result of hard work and hustle over time
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now
@@bgbusiness_ Only if you believe that USA government has the right to starve and punish Iranian and NK people by denying them access to international finance and markets. National sieges only reward and solidify those regimes. 70 years of practice stands as absolute proof. There is no reasonable debate left about the matter. The results are in. Get with the program. Logic stands on initial assumptions that the logic can not prove. Internally consistent logical construction is easy to make. Are his assumption correct? He starts from "USA has the right to siege foreign nations." No. That mos def is not correct.
Yep. He just brings up the usual concerns with crypto. All the other guy does is attacking the person instead of the arguments while making none but speculative claims. Comes off more of a crazed cultist.
@@cryptorio1570 Right now, Bitcoin is a textbook Ponzi scheme: It has no intrinsic value. You can’t eat it, wear it, or heat your house with it. ... It is not a productive asset. It’s not a factory that produces an item. ... It has zero underlying value. None. ... It has minimal utility. ... Its value is solely derived from the trust that the price will continue to rise indefinitely. ...
@@tmo2798 Right now, Gold is a textbook Ponzi scheme: It has no intrinsic value. You can’t eat it, wear it, or heat your house with it. ... It is not a productive asset. It’s not a factory that produces an item. ... It has zero underlying value. None. ... It has minimal utility. ... Its value is solely derived from the trust that the price will continue to rise indefinitely. ...
Anthony sure did a great job of explaining it to three-year-olds. The rest of us would love to see less scorning laughs and more heavily grounded arguments from Anthony. Great debate, great performance from both although Mike is the clear winner in my opinion, even though I would love to see Anthony prevail here
Early on, he ignored the moderator’s request to explain for laymen what Mike meant by an “empty block” attack, nor did he refute the possibility. I thought a lot of Pomp’s responses were non sequiturs.
Pomp has a lot of skin in the game. He doesn’t address many of mike’s points head-on. Bitcoin, at this point, is all about risk management and pomp’s views tend to ignore risk management in general.
He actually specifically addresses this a few different times in other podcasts. His reasoning is that he's young and capable of recovering even if this bet goes to zero. Can't fault his logic there.
pretty much how i felt about the debate. Pomp seemed very emotional. We cannot discount the possibility that the US govt will ban bitcoin transactions. It is definitely on the table. Pomp kept saying that Mike was advocating for banning it, when he clearly isn't, especially if you've listened to his other interviews. At the same time, i don't see a world where crypto completely disappears. We need to be ready for when the revolution happens. It is coming.
@@MrReconjon having 80% in one asset is a bias and affects anything u say. So shuld public take him seriously, I don't think so. He is gambling bcoz he is young and not investing.
@@varunsahlot I absolutely agree that anyone in any situation should be taken with a grain of salt especially if there is clear incentive for their behavior. That being said making a highly concentrated allocation also shows a high level of conviction at least for the short term from someone closer to the industry than ourselves. Words and actions. Take it all for what you will and make your own choices accordingly. If I were to tell you that I'm 80 percent commodities and producers, 5 percent growth and 15 percent cash would that make me un credible? Or would it just show you how serious I am when I say I'm confident that the system is very shaky and I believe that they are going to inflate or bust. I'd argue that me saying that would be taken more seriously than me being in a 60/40 and saying the same thing.
@@G8tr1522 the US govt cannot and will not ban bitcoin... it has far too much risk as a democratic republic and reputational risk if they had to do it, they should have tried it (and then eventually have to rescind it) years ago..
lol this guy Pomp. The fact that you worked as a Product Manager for 1 year in Facebook does not make you a technical figure. To prove that you did not debate the argument mentioning the node attacks, which I found very interesting
We need more thoughtful conversations like this where both sides can clearly articulate their perspective while not interrupting each other. Well done!
Stock are crashing bitcoin investment right now will be at every wise individual's list. In a month you'll be ecstatic with the decision you made today.
I've seen both this debate and the Saylor vs Giustra debate and it was interesting to see how different and informative the two debates were. Mike is very well-spoken, very cultivated, civilized and not easily provoked, whereas Pomp was rather disrespectful and made attacks personal by employing words like ridiculous, absurd and hysterical in discrediting Mike's beliefs, and smirked rather frequently. It felt more like he was looking for an argument rather than a debate. One enlightening thing that he said however was how the stock market is actually lower than it was way before if we priced it at the value of gold. Moderator also did a great job keeping the heat at bay. Really insightful show overall.
I own bitcoins and other cryptocoins, but must say Mike Green is a beast. There is such a hype around the crypto space in general and it is hard to find the kind of valuable observations on risk that Mike provides. Many are the first time I hear and I´m thankful for that.
A $100 investment in Crypto with an ROI of 62,500% would have resulted in a gain of $62,500. A $1,000 investment, over $625,000, and a $10,000 investment would have netted the investor over $6.25 millionaire💰
I see Crypto as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions
Might be the best debate I have heard on any subject. Both were respectful of the other, did not interrupt and shared their message with passion. Because of the above formula, I learned from both debaters (while being firmly with one side).
Mike Green: Has facts, articulate thoughts, deductive reasoning Pomp: You are wrong because i FEEL like you're wrong!! BTC 1 milli by 2025, you DON'T think there's at least a 1% chance of this?!!
I think Mike doesn't really understand the full nature of decentralization though. It isn't just decentralization of miners, but decentralization of protocol resulting in altcoins. We have already witnessed this defense in the Bitcoin Cash community when Craig Wright tried to take over the network with superior hash power and resources. I do agree that Mike Green seems to understand the technical and political aspects better than Pomp, so he wins this debate in my view. However, I still disagree with Mike for reasons not brought up in the debate.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks", That's what Satoshi said on that Genesis block of the Bitcoin network, Not sure he imagined the second far larger wave of quantitative easing in this last year!
Actually not a clickbait title. Both Anthony and Mike are really articulate and calmly discuss their point of views and the moderator actually knows how to moderate properly. Didn´t expect to see such a simple yet brilliant discussion here on youtube, thanks for the upload.
The debate was moderated professionally yes, but pomp was absolutely terrible at defending himself, insulting Mike emotionally and could not remain levelheaded either.
I don't know about competing debates for Best Ever, but I don't think this one would even be a nominee. Whoever in a debate that calls the opponent's opinions "absurd" the most is the LOSER!
Not so much that Mike won as Pomp lost. Never been impressed with Pomp's reasoning in prior talks and hesitated to watch this due to low expectations he met again.
Mike talks specifics, tries to debate with logic and raises very logical concerns. Pomp is trying to attack the other person and says nothing of essence , just going around cycles being obviously defensive with no grace and sounds like a member of a sect.
Robert Kiyosaki says, “ there’s 3 sides to every coin; there’s a head, a tail, and a edge. True learning occurs when you stand on the edge and see both sides.” This video displays that 100%. Thanks RealVision!
Ash Bennington is by far the best interviewer for complex subjects. All the pieces he moderates on Real Vision are top class. I re-upped my subscription to RV to follow his series on Crypto.
This was a fantastic debate and actually the best anti-bitcoin debater, I have ever seen. He did the best job of anyone so far talking about doubts and real world possibilities of failure.
Pomp "language" is compromising. He is using default techniques to degrade "Mike" and his knowlege. Pomp does not answer the questions, is very vague and does not defend but attacks Mike. Pomp has a lot of money in Bitcoin, he has to defend his decision because otherwise hew will compromise himself. Every time Pomp talks, I feel like a child instead of an adult with Msc. degree.
All these people are being proven wrong time after time on bitcoin. It doesn’t matter if Mike is smart or speaks intelligently. He is absolutely wrong and Pomp is right.
@@rubenperez509 Beeing right now does not mean being right for ever. Bitcoin is currently similar to AOL in 2000er. To know now that there is a big problem will prevent us from sticking to it in when it crashing to insignificant number.
@@vitaliyschreibmann6653 you need to understand that it’s not about which blockchain has the best technology. BTC is the only true decentralized blockchain, it’s the most secure, it has a finite supply and it is being adopted as a better form of gold as far as wealth preservation. People aren’t looking for the best tech (to store their wealth) like they were with AOL.
Mike wiped the floor with Pomp in this debate. Mike made many solid points that were not refuted by Pomp. Pomp simply reverted to personal attacks and treading the same ground each time.
I hold bitcoin. Mike won. Sure Pomp had all the one liners, but they don’t disprove what Mike is saying. You can read about precisely the evidence Mike Is bringing up. Pomp used logical fallacies to argue against Mike which isn’t very respectable and doesn’t really help me place faith in Pomp’s arguments. Mike was more prepared and had way more evidence and information on the subject than Pomp did. Mike has clearly researched it more. If Pomp had actually debunked Mikes arguments, and responded [directly] (emphasis on the directly) to them, I’d be more in agreement with Pomp. But Pomp didn’t (or couldn’t)
Really wish Pomp had addressed all of Mike's points clearly without diverting to means of preaching his message and turning his time into an ad for Bitcoin. I was looking forward to understanding counter arguments to the criticism presented.
Awesome debate. Mike has realistic points. He reflects his experience and wisdom. US dollar will not allow to lose its reserve currency status. That is why China and Russia are heavily leveraging it. Long story short. Thank🍁you Mike.
Really ? I hate it. If your going to be hostile and take jabs at people have a spine and do it bluntly. Taking passive aggressive jabs is weak and spineless. I have zero respect for people who behave that way.
Great Debate, 2 smart guys! Anthony's smirk every time mike made a point was annoying, Crypto supporters are very sensitive to anything negative said about it! Why get so sensitive over something if you think it will just play out?
Mike Green's position of being against BTC for the younger people or any one for that matter is if BTC continues to go up in fiat dollar terms those holding BTC will no longer participate in economic activity (aka keep working)? Isn't that what the wealthy in paper assets is doing? Equities, stocks, real estate, etc? Why can't the avg working class invest in something that can provide financial opportunity in a fiat system that continues to dwindle the working classes purchasing power? I agree with Pomp everyone should have a non-zero allocation into crypto. Even if you think BTC will fail you can see the current trends and data points and think of it as an insurance policy.
The only thing of interest that Mike mentioned that I had to research is the st. petersburg paradox. Mike's arguments just didn't make logical sense to me. Is there risk in investing in bitcoin? Yes, but there seems to be much less risk in bitcoin than there is risk in not putting store of value in bitcoin.
Bitcoin was not to be a store of value it was meant for P2P transactions. Plain and simple the Fed's control BTC, he who control's the liquidity control's the game.
@@etishbite456 wait so you can't do transactions on BTC? Guess I'd better go delete the ones that I did fictional edit: oh, turns out the blockchain is immutable
Correct me if I am wrong, but I think Bitcoin can withstand a denial-of-service attack in the form of its network being flooded by empty transaction blocks because miners can choose which blocks they attempt to mine. Since the difficulty of mining a block is constant at any given time, empty blocks will be given the lowest priority because they have no transitions fees. This will probably result in empty blocks being ignored.
One of the best interviews thus far. World class moderation, and great view points from both angles. I think crypto bulls need to hear more opposing arguments to temper and level their expectations of the volatility and what the future holds. Doing so won't make you less bullish. Doing so will help you add reason to market reactions (dips, corrections, fud). As adoption continues, so will price stability. Ironic, that is requires a higher price valuation to gain broader validation. Let's see what happens!
Excellent world class debating. The clear winners are the listeners walking away more informed and well rounded. Would love to see more like this. My take Pomp struggled to keep his emotions in check. Mike was as cool as ice. Both very knowledgeable and articulated their arguments well.
Agree. I don’t know much about the crypto space (yet) but i feel Pomp is struggling to play defence. Guy on the right is clealy just analising the data with a pretty level head. Its important to be critical.
Thank you Mike.... For making me realise.... I need to go all in on Bitcoin. I've never been more certain. I appreciate when a counter argument has the opposite intention. Dear Mike, with all due respects... I think you need to understand how economic systems SHOULD work.... Not how they currently plod along, dismally.... "the fact that you have not thought that through is not my fault".
Mike has completely misunderstood the fundamental floors in our current economic system. I would even go so far as to say, he clearly doesn't understand economics. The fact that he is in finance and probably gets paid well for it... Saddens me. FYI... You cannot fictitiously "create" economic value by printing more money. If you think of the economic system in terms of percentages... printing money merely shifts percentage points in the favour of a select few... Just like my older bully brother did in our game of MONOPOLY. For this reason... Dear Mike... I'm out of the USD. Please... For your own sake... You need to "fully think this through".... INVEST 1% OF YOUR PORTFOLIO INTO CRYPTO... AT LEAST THIS WAY ONLY 99% OF YOUR INVESTMENTS WILL PLUMMET TO ZERO.
At 1:08 Mike is stating that in a fixed quantity system, there is no way to add economic wealth to the individual. I would argue that it should not. Advances in technology would add to an individual’s wealth (purchase power) in a system without inflation of monetary units. A person with one unit (Bitcoin, gold, etc) would see the value of their savings increase as technology makes members of society more productive. This is similar to what is explained in The Price of Tomorrow
Pomp may be right or he might also not be. Not what I ultimately saw. Green clearly was the more polished debater and kept ruffling Pomp’s feathers without even trying. Frustration was oozing from Pomp’s screen. His lack of composure hurt his credibility. Also, who invests over 90% of their net worth on a speculative asset? He’s all in and not hedging for any risk.
@@HenryPaulThe3rd if it's 'crypto' then it's not THAT insane (as tech has proved to be the big winner = even in the S&P). What will be insane is if he's portfolio is 96% 'BTC'. That's indeed portfolio suicide.
@@HenryPaulThe3rd lol that ppl are making whole salaries off. Some that are persistent become millionaires within a few years. I've worked a 9-5, invested in stocks etc so if crypto is digital beanie babies then someone please feed me some hahaha
Wow Mike really blows Pomp out of the water here. And Pomp helps him all the way. Definitely need Raoul or Saylor on the pro-Bitcoin side next time to really flesh out these issues and actually respond to Mike’s points
haha That's how you know he lost the argument. Can't imagine a more dishonest statement from a guy who clearly knows the difference. Not a big Pomp guy, but this was an easy debate to win. Mike Green's argument was basically, "bitcoin is scary"lol. It's no more or less speculative than gold. Any person who follows the two assets knows this. Great debate between two bright men all the same.
@@settledown5392 Settle Down needing to settle down himself. Mike's argument is to think for yourself and consider what the return of this asset could be in Pomp's hypothetical future. Nobody knows and nobody could figure that out.
@@TheWeastBeast I'm perfectly calm sir. That was one of his points he made.....and probably the best. The repetitive stuff about China, Russia, Iran couldn't be more intellectually dishonest though, along with him saying war is not an economic interest lol. Great debate either way, from two intelligent guys..... but Mike looked like an MSNBC shill to some degree here.
The Nodes validate the transactions and most of them are in Europe and US. The miners only settle the transaction that have been validated by the nodes. The miners have no influence on the transaction itself.
That's not what he said. He said that the NYSE is an exchange where you trade against a counterparty rather than against the exchange itself. It is a distinction without a difference since market makers still exist in the NYSE and have institutional advantages over the retail trader, so it is still trading "against the house" in a manner of speaking.
I completely agree with Mike Green's point about who has the most hash power over the Bitcoin network. I was pro-Bitcoin, but after considering what Mike had to say, I see that Bitcoin is inherently faulty. This is why a Proof of Stake system is the best system one can get. Cardano already has it implemented, and Ethereum 2.0 also will have a system in which if a validator tries a 51% attack on blocks that are already validated, their entire stake gets destroyed, thus removing any chance of large pools from China and Russia manipulating the network.
TIMESTAMPS:
00:01:19 Opening Statement: Green
00:07:55 Opening Statement: Pomp
00:13:07 Nefarious Activity and Transparency
00:23:26 Who Controls Bitcoin? Should It Be Banned?
00:35:23 Are There Benefits of Bitcoin to the US?
00:46:30 Exposure to Bitcoin in an Unpredictable Future
00:52:19 Can Bitcoin Be Successfully Attacked?
00:59:41 Is Wide Spread Adoption Likely?
01:11:44 Final Thoughts
🔥 𝗚𝗘𝗧 𝟳 𝗗𝗔𝗬𝗦 of Real Vision Premium access & insights for only $𝟭 (seriously!) rvtv.io/RVfor1dollar
Mike has a strong bias, but weak analytical abilities.
Someone mentioned Andreas antanopolis , he would have eaten Mike for breakfast pomp is great but he is more about the asset where as bitcoin and the Genesis block is a direct attack on the banks and we all support it that is why we are investing and getting those around us to do the same .... the current global currency’s are debt based !?!? And can’t get out of that debt ..?? For many reasons Bitcoin is here and we will do all we can to keep it here . Pomp was silly to ignore the Genesis block and why it was created , honesty is needed . This is for our freedom 🔱 the banks and their friends have had many hundreds of years of dominance and war .... this is the last war ! Bitcoin is a fork for society and it’s been decided to be implemented ✌️💚☯️🔱🤿 viva la revolution
Shame Pomp didn't answer why China is blocking free Internet for its citizens but in not blocking BTC.
@Andre Anyone wow it's like we both watched different podcast.
it wasnt a guide
I vote this moderator for all future political debates in addition to financial ones. Fantastic work.
Both participants were respectful, didnt interupt each other even doe they disagree. Moderator was not even needed.
@@aljosanovak3539 I would guess the participants behavior would’ve been different without the presence of a moderator
100%
Notice the type of companies buying Bitcon with their cash versus those buying up their own stock. So we should all sell our stocks and hand over our cash to someone who is selling us their Bitcon? Why are they selling?
Rob Solton, I watch your channel all the time bro. Keep it up!
It is refreshing to hear people of different opinions have an actual conversation and bring solid points to the table... such a rare thing today.
No you're wrong, that's racist.
.
@@50kT LOL
😂
@@50kT Lol
👏 👏 👏
What this had made me do is to look up more of Mike Green's opinion. I love listening to smart articulate people who are against bitcoin. Too many vids on youtube are simply in an echo chamber. It is important to listen to the other side
Except he was lying through his teeth.
In a system where only the wealthy can grow is an absolute non sense. In this system an engineer (myself) need to be a real estate agent or a trader and invest so that my savings don't loose value. It's might be easy for a person like me. But for a person who earns daily wage to eat daily to keep up with their daily spending cannot be expected to do this.
This dude was a fantastic moderator.
Yeah he was great
Totally agree. Am very much impressed as well. Wish we would have similar characters in mainstream media.
100% agreed. And so was Pomp...
Few debates were I come away respecting all parties involved, high quality thinking
Astute way of keeping the debaters from losing face and showing higher ground...excellent.
Imagine presidential debates were as civilized as this by even a fraction?
Imagine one where at least one of the candidates wasn’t a narcissistic sociopath lol
@TrollMaster Fictitious Fables of Europa oh hey man :)
Mr. Green looked bored even.
Yea, but there was a ton of "shade" being thrown. They just sounded civil. lol
Imagine if we had unbiased media period.
"I don't see China shutting down miners..."
Lol that aged well.
Time hack your quotes man.
That did not age well bro🤣
I laughed out loud at 42min 36sec.
I think both are right, bitcoin will never be the world currency however, at the end of consumer capitalism and the ensued subscription based economic system will ensure that deflationary assets will be out of reach for those can't afford to be financially independent!
Ha Ha.
These guys will buy Bitcoin at 250000.
@@Stentz1 250 000 yuan, MAYBE. Bitcoin is an obvious scam.
They did it because they have a power crisis, not because they don't like bitcoin.
I must say I love the fact, that they actually let the counterpart SPEAK. They take notes and then react in a civil manner. I would love to see this in the politics debate so much! Kudos for all of them!
Thank you Pomp and Mike. The moderator was excellent. The argument was educative. Thank u Real Vision ....
Timestamp Summary
01:25 - Background & Opening
7:00 - BTC is Anti-USD?
12:30 - Should we ban BTC?
17:10 - is BTC China controlled?
23:00 - Mike rebuttals
52:00 - 51% Attack on BTC
59:00 - 1% exposure vs CBDC/Gold
01:05:00 - BTC is Monopoly game
Some timestamps got deleted while editing, sorry.
Thank you!
I’d love to see a Michael Saylor and Mike Green debate.
@Andre Anyone I would say Green is a payed propaganda tool.
Question: What is your view on Bitcoin?
Answer Green: It is an evil tool used by Iran, Russia and China to sell drugs to American babies and stop us from bombing countries to keep the MIC going.
Mike ate this guy up with objective data that I would have loved to hear refuted, instead of defensive soundbites. I hope Anthony is right because I have a lot to lose, but he's too emotionally fragile to defend. Get Saylor!
I would like to see Michael Saylor vs Noriel Rubini
NO,,, too many analogies for me to handle....
It’s be a blood bath, poor mike.
Most of my assets are in crypto but I don’t like how Pomp was being so accusatory and sensational in this debate. He put a lot of words in Mike’s mouth.
yep. I heard the same.
I heard the same.
I wouldn't trust Pomp to hold 1 cent of mine.
He's very easily triggered by people who don't agree with him.
But as I watched more, the other guy was pretty patronizing. So I can't blame him
Pomp comes out as a generic story investor who has his entire portfolio in bitcoin and "save the world" kind of investments and gets triggered with people who don't share his same views. Mike on the other hand is just China/Russia/Iran fear mongering.
Mike "I wouldn't trust Michael Saylor but I trust regulators" Green. Smart guy, but hopelessly cynical. Stockholm Syndrome at its finest
Outstanding discussion... Extremely well moderated. I'm a Bitcoin investor and 35 year trader. Mike Green's perspective is powerful and necessary. Great job to all three participants!
Got zil port happy with passive income
I tend to think of the US gov as the enemy, so even if mike is right, im a moonboy.
I feel like such a fish out of water anytime either of them speaks I get persuaded to their position
If set of all investors pays certain fee to miners, doesn't that mean investors (in total) will always be in loss? How can investors gain their money back that they lost to miners' fee, other than from other investors?
@@goranmilic442 are you talking in the context of 'investors' being people that hold btc directly?
Fantastic debate. Enjoyed the passions of both guests. Less personal attacks would have been more civilised.
Pomp schooled him
Bitcoin maxis tend to be very emotional, hence the ad hominem attacks arent surprising.
Thanks for the feedback, for tips, support and guidance on stocks, cryptocurrency and assets
Pomp is a turnoff...
@@OldManNutcakez And yet it amusingly all started with a money manager - who is asserting understanding of technology if only to impeach it - claiming someone else (who worked at a technology firm for years) isn't a technologist is the classic ad hominem. Nocoiners tend to become emotional when they're busy implicitly shorting one of the greatest technologies ever created.
Great to see adults discuss BIG issues in a calm manner. Well done Mike and Pomp, oh and Ash for keeping it all cool and useful.
We work for years only to have $1 million while some people I know put thousand of dollars in some meme coins and they are millionaires.
After watching several videos on CZcams tutorial about trade I'm still making losses
Growing in trade requires dedication time and Patience
I have been holding for a while now, the market dynamism is really getting me uncomfortable here, I really need help deciding
James koury...Take my advice (Don't Trade) buy or hold for years then get retired. You don't want all the stress and crazyness involved in trading. Don't believe the is formula.
Get yourself a mentor or a guide
Pomp attacks Mike rather than his arguments. That is a shame. Mike made some solid points which would benefit us all to explore rather than ignore.
Absolutely right, Pomp made it personal- big disappointment--
Exactly, “I lIkE tO ExPlIn ThInGs tO PeOpLe lIkE ThEyRe 3Rd GrAdErS” Pomp simply believes that Bitcoin is the ONLY crypto currency out there, why are there no discussions about Alts being superior to bitcoin? Bitcoin played a role to introduce us to Crypto and have these conversations about future of finance, but it is definitely not superior to other projects. First bitcoin is going to uproot evil banking system, now bitcoin is going to moon because banks and politicians own it.
@@anthonycarrillo16 Bitcoin does have all the problems mike pointed out but plenty of alts don't and have inherent value to the world everyone can see.
@@anthonycarrillo16 Bitcoin is the only decentralized non-fiat crypto there is...that's why it's superior to alt coins which are all centralized to some degree. Bitcoin has value for its fundamental attributes...not what Mr. Market says the price is in terms of fiat dollars.
agree. might Mike know someone at NSA?
Look... every single person I know wants the central bank to stop printing money. So it's not simply about communicating our preferences. They won't stop printing. So our way to communicate is to opt out of the system!
buying precious metals, buying crypto I do not necessarily believe is ultimately opting out of the system. You can't really opt out lest you completely unplug from the system. At best, crypto and precious metals and other vehicles are merely ways to guard ones wealth from the ravages of the system .... not really opting out. You can't, as of yet and it will be resisted strongly, be paid in these forms, to transact in these forms full out. Best you can do is secure your wealth, ideally, redeem it for other forms of currency in order to engage in other transactions. The day may come where one does not need to redeem these alternatives stores of value before preforming basic, standard transactions, but I do not see that day as today.
If one wants to communicate their displeasure at the destruction of the dollar, one needs to communicate this with those they elect. Unless this occurs, there is no incentive otherwise to act unless the crash of the system forces action .... and in that case, chances are those elected will not correct for the original error, but will double down on poor central planning and ensure greater future pains. Politicians are responsive to pressure. We see this in Covid. With a recall petition with over 2 million votes, all of a sudden the Governor of California is beginning to 'see' the science which now warrants changes in executive orders. It is funny how science all of a sudden seems to present itself that certain restrictions by government mandate are no longer necessary when the populace applies pressure.
Don't wait for the 'right' people to populate the positions which impact us ..... make the system preform no matter who is in those positions.
They can`t stop printing now. The system will fail and fall immediately.
So true! Halleluja!
I promise you they don’t actually want what they’re asking for. It would be a bloodbath
Mike: War is not an economic interest.
Military Industrial Complex: Am I a joke to you?
Military industrial complex, probably the single most pertinent factor influencing countries to forsake ethics and morality in favour of economic gain...
Was thinking the same thing...If you've been a professional investor for over 30 years like Mike has, and putting out such an obviously false claim, that makes me take the rest of his assertions with a proper grain of salt.
I don't think he is talking about the war you are thinking of. Probably more of currency war.
Am I wrong or isn't literally every single war centered around economic needs
You’re confusing economic and strategic
It’s a rare debate that all three participants are well informed, civil, and have respect for one another. I have shared with everyone I know who are bitcoin and/or gold investors.
No actually Mike is misinformed and I think just making up data
@@mickeydrago9401 what data?
aaaaah, I don't know what you were watching. Pomp acted like a child
@@quantum_ocean Pomp could not answer the 7 billion dollar question as well
Mike did a great job, but Pomp did a horrible job. Sounds like he never heard of or thought about the issues raised by Mike. The BTC community is completely filled with people like Pomp. The arguments have changed so much for BTC "Money -> Currency -> Digital Gold -> Store of Value" and now its a "protocol." The psychology of this market is too reminiscent of a bubble to be investable, but its certainly fun to watch.
Can't argue with the fact that Mike is really articulate.
That's about it.
Understatement. This is a policy matter and not a money making opportunity.
Anonymous outsourcing of finance and banking?
What could go wrong??
His ideas and way of looking at things are a bit weird.
@@marktube5732 At least he's not as bluepilled a Pomp
My favorite articulation of Anthony’s:
“Mike likes to use sleight of hand and insults when he’s backed into a corner.
I’m not like Mike and I’m not going to do that.
And I DO know technology and how it works, because I was once employed by a tech company.”
My ex-girlfriend used to work for JetBlue as an IT manager. She didn’t know a thing about jet engines.
I once worked for an architectural firm. I was the janitor. Would you like me to design your next house?
Pomp is HODLing so hard he won’t even buy himself a decent internet connection and audio set up
Lol
🤣 give him a break he just moved to Miami I think
The hodling is the actual problem with crypto. If there is no trading in long and shorts, bitcoin will experince the same thing that happened to gamestop. Lots of bagholders and they are not going to be the ones who know how markets work. Not everybody can just hodl, what happens when theres no new suckers coming in anymore? A stock needs buying to go up, but it can fall on its own.
Hahahahah
So freaking annoying.
Mike Green did great composing himself....with all of Pomp’s insults.
to be fair, they both insult each other.
@@JorgePerez-ui2qp Sure, but it definitely seemed that Pomp went after Green more than the other direction.
Absolutely. I couldn’t take Pomp seriously with all the unnecessary childish, passive aggressive digs.
I understand no one was yelling over each other or whatever, but people seriously take this guy seriously at all?
Pomp has such a childish way of arguing. Too much mud slinging, too few arguments.
No actual answers you ever notice how a question is answered with speculative theory?
That's because he can't argue the points.
In fact I was surprised about that, he didn't mentioned how many billions are needed to reverse the network.
amen
He s a buttcoin shill
Although this debate is indeed civilized and well-moderated, I must say that Pompliano is not really engaging Mike Green's specific arguments. Instead, he is destroying a strawman of his own making.
BITCOIN IS THE ONLY TRUE DEMOCRACY
EVER EXISTS IN THE WORLD
Mrs clara
Wow you really get it
This is basically every BTC supporter
Incorrect. He is saying that despite ANY argument against bitcoin, the answer is not to ban bitcoin and leaving america behind... There are plenty of micro arguments, but only one true argument is debatable. Do we embrace this technology, or get left behind?
I'm going to say Mr. Green is the winner here, IMO. mostly because of his unflappable nature in the face of silly, nonsensical attacks by Pomp. Also Green raises important points about cyrptos vulnerability to regulation and taxation as well as more.
Despite being on Pomps side, I agree. But rather than having proven his arguements right, Mike just proved to be unmatched as intellect and knowledge. He should have debated someone more knowledgeable in the matter.
Pomp kept on using theory and barely any facts.
@@kennethli8 he's a cheerleader
We already outsource our monetary system using the"Federal" Reserve.
Self appointed and uncontrolled by countries, Greenspan said it himself, there is no authority to which they report to
A (very) private corporation since 1913. Could that happen today?
The Fed is created by, accountable to, and under the purview of Congress.
@@Stewiehleba yeah its so accountable that its never been audited and rejects attempts to do so. Not sure where you get your info but it doesn't check with reality
@@Stewiehleba No, they aren't. Alan Greenspan stated that publicly and you can look it up on CZcams. Our government gets to pick the chairman and that's it. It's an unregulated private body and any other influence is feigned.
The only thing that Congress could do, to r"egulate" the Fed, is to decide not to use them, completely, by deciding to use our Treasury to print our own money, which was the original intent. We could create our own money, but chose to borrow it, at interest, from a group of private banks.
Mike is a legend. Last 20min insane
I expected a lot more out of this to be honest.
I am a big Pomp fan but he failed to address on merit many of the "facts" brought up by Mike. Instead he kept on talking about his vision for bitcoin or repeatedly stating how misinformed Mike's vision was, without really stating why.
I'm not that surprised. Pomp is a smart guy but still pretty young and def part-PUMP.
He had to dumb it down for Mike.
I thought he did a great job discrediting mikes ideas. Pomp offered facts mike offered only his opinion
I’m glad you acknowledged how bad at debating that Pomp guy was. All he did was claimed the other guy was saying things that he never said and then swerved every question put to him.
His smug arrogance was very off-putting, as well.
@@businesspartners619 Dumb it down for Mike? Mike offered sophisticated technical criticisms of the Bitcoin blockchain, and Pomp couldn't even respond to it, with the excuse of "making the debate understandable to a 5 year old". what??
This debate is gold, textbook example of how a mature conversation should be.
I thought Pomp was kind of childish
Except Pomp evading marks argument and personally attacking him
@@dualfluidreactor His basis for every reply was "Well people are buying it!"
Lol mature? Hardly. When you personally bash people in your statements, I wouldn't consider that mature. Saying Micheal Saylor is not someone to accept life advice from because he's invested in Bitcoin is absurd. Especially since Micheal is extremely intellectually inclined.
I would say this debate is Bitcoin 😊
The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose - is the result of hard work and hustle over time
The amount of time you spend believing we can't is more than enough time to learn how you can
@@hannahforex09 yeah! I agree with you
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now
@@selimkurtoglu6418 that's very correct sir!! And that is why most of them end up losing they money to scammers
Crypto holder and ill say Mike made some very persuasive arguments.
Same. I think he was pretty logical and I did agree some certain parts of his viewpoints although I am bitcoin believer.
@@bgbusiness_
Only if you believe that USA government has the right to starve and punish Iranian and NK people by denying them access to international finance and markets. National sieges only reward and solidify those regimes. 70 years of practice stands as absolute proof. There is no reasonable debate left about the matter. The results are in. Get with the program.
Logic stands on initial assumptions that the logic can not prove. Internally consistent logical construction is easy to make. Are his assumption correct? He starts from "USA has the right to siege foreign nations." No. That mos def is not correct.
Soap... yes , I felt the same.
@soap which argument? Care to explain?😂😂😂
Yep. He just brings up the usual concerns with crypto. All the other guy does is attacking the person instead of the arguments while making none but speculative claims. Comes off more of a crazed cultist.
The best debate I've seen in recent times.. Will be great to come back to this in 2030
Lol! Come back in 5 to 10 years tops. Crypto and bitcoin are NOT going away.
That is the only way to settle the argument !
@@cryptorio1570 Right now, Bitcoin is a textbook Ponzi scheme:
It has no intrinsic value. You can’t eat it, wear it, or heat your house with it. ...
It is not a productive asset. It’s not a factory that produces an item. ...
It has zero underlying value. None. ...
It has minimal utility. ...
Its value is solely derived from the trust that the price will continue to rise indefinitely. ...
@@tmo2798 Right now, Gold is a textbook Ponzi scheme:
It has no intrinsic value. You can’t eat it, wear it, or heat your house with it. ...
It is not a productive asset. It’s not a factory that produces an item. ...
It has zero underlying value. None. ...
It has minimal utility. ...
Its value is solely derived from the trust that the price will continue to rise indefinitely. ...
I would like to have a more intellectual no coiner instead of this Mike guy.
Anthony sure did a great job of explaining it to three-year-olds. The rest of us would love to see less scorning laughs and more heavily grounded arguments from Anthony. Great debate, great performance from both although Mike is the clear winner in my opinion, even though I would love to see Anthony prevail here
The laughs made me catious of him
Word!
Early on, he ignored the moderator’s request to explain for laymen what Mike meant by an “empty block” attack, nor did he refute the possibility. I thought a lot of Pomp’s responses were non sequiturs.
@@SteveHolmlund He just didnt had any arguments
Mike was more confident, and his explanations make sense to me!
Pomp has a lot of skin in the game. He doesn’t address many of mike’s points head-on. Bitcoin, at this point, is all about risk management and pomp’s views tend to ignore risk management in general.
He actually specifically addresses this a few different times in other podcasts. His reasoning is that he's young and capable of recovering even if this bet goes to zero. Can't fault his logic there.
pretty much how i felt about the debate. Pomp seemed very emotional. We cannot discount the possibility that the US govt will ban bitcoin transactions. It is definitely on the table.
Pomp kept saying that Mike was advocating for banning it, when he clearly isn't, especially if you've listened to his other interviews.
At the same time, i don't see a world where crypto completely disappears. We need to be ready for when the revolution happens. It is coming.
@@MrReconjon having 80% in one asset is a bias and affects anything u say. So shuld public take him seriously, I don't think so. He is gambling bcoz he is young and not investing.
@@varunsahlot I absolutely agree that anyone in any situation should be taken with a grain of salt especially if there is clear incentive for their behavior. That being said making a highly concentrated allocation also shows a high level of conviction at least for the short term from someone closer to the industry than ourselves. Words and actions. Take it all for what you will and make your own choices accordingly. If I were to tell you that I'm 80 percent commodities and producers, 5 percent growth and 15 percent cash would that make me un credible? Or would it just show you how serious I am when I say I'm confident that the system is very shaky and I believe that they are going to inflate or bust. I'd argue that me saying that would be taken more seriously than me being in a 60/40 and saying the same thing.
@@G8tr1522 the US govt cannot and will not ban bitcoin... it has far too much risk as a democratic republic and reputational risk if they had to do it, they should have tried it (and then eventually have to rescind it) years ago..
lol this guy Pomp. The fact that you worked as a Product Manager for 1 year in Facebook does not make you a technical figure. To prove that you did not debate the argument mentioning the node attacks, which I found very interesting
HONESTLY THE REAL SUPERSTAR OF THIS DEBATE IS THE MODERATOR. FLAWLESS MODERATION. NO CAP.
We need more thoughtful conversations like this where both sides can clearly articulate their perspective while not interrupting each other. Well done!
yeah i love it when people who are arguing against eachother sre lisening
I invested in both STOCK and CRYPTOCURRENCIES but I see crypto is doing more better and profitable to me
Bitcoin is an engineered Monetary network. The first of it's kind. A paradigm shift in the history of money. Everyone needs it. We are still early.
Stock are crashing bitcoin investment right now will be at every wise individual's list. In a month you'll be ecstatic with the decision you made today.
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Bitcoin
2021 online stock market is just difficult and unbelievable, I rather invest my money on crypto
People are ignorant of profitablity in bitcoin investment and that has been the major issues limiting their investment
I've seen both this debate and the Saylor vs Giustra debate and it was interesting to see how different and informative the two debates were. Mike is very well-spoken, very cultivated, civilized and not easily provoked, whereas Pomp was rather disrespectful and made attacks personal by employing words like ridiculous, absurd and hysterical in discrediting Mike's beliefs, and smirked rather frequently. It felt more like he was looking for an argument rather than a debate. One enlightening thing that he said however was how the stock market is actually lower than it was way before if we priced it at the value of gold. Moderator also did a great job keeping the heat at bay. Really insightful show overall.
I own bitcoins and other cryptocoins, but must say Mike Green is a beast. There is such a hype around the crypto space in general and it is hard to find the kind of valuable observations on risk that Mike provides. Many are the first time I hear and I´m thankful for that.
I completely agree. It seems many people who watched this video did not get this.
A $100 investment in Crypto with an ROI of 62,500% would have resulted in a gain of $62,500. A $1,000 investment, over $625,000, and a $10,000 investment would have netted the investor over $6.25 millionaire💰
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today🤑
I see Crypto as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions
Two years from now you will look back and say I'm glad I started trading
People are scared of investing because of the high rate of unprofessional brokers everywhere
@@user-eq1nx5uh4s Yes there are unprofesionals but real brokers are still out there for investors
Mike is very intelligent. Pomp is just pumping insults. We need a better voice For crypto than that.
Mike Green is so emotionally uninvolved in this debate. Amazing resilience
Exactly. To me, once you start attacking your opponent, you have lost...
In all my years of watching him on Real Vision this is completely standard behaviour from him. He's naturally just very stoic.
@@kealgu Mike did attack pomp several times, he just did it with a poker face
i was looking for a comment like this lol
Might be the best debate I have heard on any subject. Both were respectful of the other, did not interrupt and shared their message with passion. Because of the above formula, I learned from both debaters (while being firmly with one side).
Couldn't agree more!
Pomp was not respectful, putting words and claims into Mike's mouth.
Mike Green: Has facts, articulate thoughts, deductive reasoning
Pomp: You are wrong because i FEEL like you're wrong!! BTC 1 milli by 2025, you DON'T think there's at least a 1% chance of this?!!
I think Mike doesn't really understand the full nature of decentralization though. It isn't just decentralization of miners, but decentralization of protocol resulting in altcoins. We have already witnessed this defense in the Bitcoin Cash community when Craig Wright tried to take over the network with superior hash power and resources. I do agree that Mike Green seems to understand the technical and political aspects better than Pomp, so he wins this debate in my view. However, I still disagree with Mike for reasons not brought up in the debate.
@@JaimeWarlock what is the answer to the 7 billion dollar quesion?
Lol, this is accurate
Let’s talk about the cash that got dumped into the Iraq war and promptly disappeared and the trillions sent to central banks in 2008.
The Genesis block of the Bitcoin Network by Satoshi is now a historical marker of 2008 and the failure you mention...
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks",
That's what Satoshi said on that Genesis block of the Bitcoin network, Not sure he imagined the second far larger wave of quantitative easing in this last year!
Your section of opinion with 2 replies was wisdom I distasteful gained. Sadly grateful.
Actually not a clickbait title. Both Anthony and Mike are really articulate and calmly discuss their point of views and the moderator actually knows how to moderate properly. Didn´t expect to see such a simple yet brilliant discussion here on youtube, thanks for the upload.
The debate was moderated professionally yes, but pomp was absolutely terrible at defending himself, insulting Mike emotionally and could not remain levelheaded either.
I don't know about competing debates for Best Ever, but I don't think this one would even be a nominee. Whoever in a debate that calls the opponent's opinions "absurd" the most is the LOSER!
Deeply appreciate hearing this .. I am a crypto holder, but I would surprisingly say Mike won this discussion ... the discovery and journey continues
I agree, I too am a crypto holder, and mike has got me thinking.
Not so much that Mike won as Pomp lost. Never been impressed with Pomp's reasoning in prior talks and hesitated to watch this due to low expectations he met again.
Great moderating Ash!
Mike talks specifics, tries to debate with logic and raises very logical concerns. Pomp is trying to attack the other person and says nothing of essence , just going around cycles being obviously defensive with no grace and sounds like a member of a sect.
Robert Kiyosaki says, “ there’s 3 sides to every coin; there’s a head, a tail, and a edge. True learning occurs when you stand on the edge and see both sides.” This video displays that 100%. Thanks RealVision!
Ash Bennington is by far the best interviewer for complex subjects. All the pieces he moderates on Real Vision are top class. I re-upped my subscription to RV to follow his series on Crypto.
This was a fantastic debate and actually the best anti-bitcoin debater, I have ever seen. He did the best job of anyone so far talking about doubts and real world possibilities of failure.
I think Peter Schiff is the best anti-crypto debater.
Pomp "language" is compromising. He is using default techniques to degrade "Mike" and his knowlege. Pomp does not answer the questions, is very vague and does not defend but attacks Mike. Pomp has a lot of money in Bitcoin, he has to defend his decision because otherwise hew will compromise himself. Every time Pomp talks, I feel like a child instead of an adult with Msc. degree.
A lot of people don't have the degree that you have
And yet Pomp is absolutely correct.
All these people are being proven wrong time after time on bitcoin. It doesn’t matter if Mike is smart or speaks intelligently. He is absolutely wrong and Pomp is right.
@@rubenperez509 Beeing right now does not mean being right for ever. Bitcoin is currently similar to AOL in 2000er. To know now that there is a big problem will prevent us from sticking to it in when it crashing to insignificant number.
@@vitaliyschreibmann6653 you need to understand that it’s not about which blockchain has the best technology. BTC is the only true decentralized blockchain, it’s the most secure, it has a finite supply and it is being adopted as a better form of gold as far as wealth preservation. People aren’t looking for the best tech (to store their wealth) like they were with AOL.
Mike wiped the floor with Pomp in this debate. Mike made many solid points that were not refuted by Pomp. Pomp simply reverted to personal attacks and treading the same ground each time.
I hold bitcoin. Mike won. Sure
Pomp had all the one liners, but they don’t disprove what Mike is saying. You can read about precisely the evidence Mike Is bringing up.
Pomp used logical fallacies to argue against Mike which isn’t very respectable and doesn’t really help me place faith in Pomp’s arguments. Mike was more prepared and had way more evidence and information on the subject than Pomp did. Mike has clearly researched it more.
If Pomp had actually debunked Mikes arguments, and responded [directly] (emphasis on the directly) to them, I’d be more in agreement with Pomp. But Pomp didn’t (or couldn’t)
Mikes preparation screamed scripted lines given to him. Numerous times He didnt even Listen to Pomp and just rambled His Blabla
One of the more pleasant debates I've seen in a while.
One of the bests debates I've witnessed, regardless of subject.
Pompliano owns this.
China ban
El Salvador adoption
Gold going down
More rational and visionary arguments
Great debate.
Anthony focuses too much on putting words into Mikes mouth, makes him look weak.
Agree
Agree
Because he is weak.
Lot of projecting
yeah even though anthony is right, he just chose the wrong way to go about the debate.
Really wish Pomp had addressed all of Mike's points clearly without diverting to means of preaching his message and turning his time into an ad for Bitcoin.
I was looking forward to understanding counter arguments to the criticism presented.
conversation between adults is nice compared to the usual arguement
Great discussion - no talking over each other. Excellent content
Awesome debate. Mike has realistic points. He reflects his experience and wisdom. US dollar will not allow to lose its reserve currency status. That is why China and Russia are heavily leveraging it. Long story short. Thank🍁you Mike.
Both these guys made their points well! Great debate. I vote for Bitcoin!
I love an argument that is fundamentally civil but contains enough reciprocal barbs and subtle personal hostility to make it interesting.
Nicely put.
Really ? I hate it. If your going to be hostile and take jabs at people have a spine and do it bluntly. Taking passive aggressive jabs is weak and spineless. I have zero respect for people who behave that way.
Great Debate, 2 smart guys! Anthony's smirk every time mike made a point was annoying, Crypto supporters are very sensitive to anything negative said about it! Why get so sensitive over something if you think it will just play out?
They are ignorant shills
Mike is unfazed by all the jabs. Guy is a boss!
A boss who is going to have fun staying poor.
Mike is way smarter than Pomp. Pomp is so bluepilled it hurts.
Mike is richer than pump pomp
...satoshi said: i have not the time to convict everyone... / time will tick off
Convict? Freudian slip much?
The leader not the lacker.old thinking is dead.
Globalization isnot about division
Ash was brilliant!
Mike Green's position of being against BTC for the younger people or any one for that matter is if BTC continues to go up in fiat dollar terms those holding BTC will no longer participate in economic activity (aka keep working)? Isn't that what the wealthy in paper assets is doing? Equities, stocks, real estate, etc? Why can't the avg working class invest in something that can provide financial opportunity in a fiat system that continues to dwindle the working classes purchasing power? I agree with Pomp everyone should have a non-zero allocation into crypto. Even if you think BTC will fail you can see the current trends and data points and think of it as an insurance policy.
The only thing of interest that Mike mentioned that I had to research is the st. petersburg paradox. Mike's arguments just didn't make logical sense to me. Is there risk in investing in bitcoin? Yes, but there seems to be much less risk in bitcoin than there is risk in not putting store of value in bitcoin.
Mike saying that Bitcoin's probability of long-term success is "infinitesimal" was just ridiculous.
Bitcoin was not to be a store of value it was meant for P2P transactions. Plain and simple the Fed's control BTC, he who control's the liquidity control's the game.
@@etishbite456 "was not to be" - says who, you?
@@jcantonelli1 Go read the BTC white paper it was meant for p2p transaction but that failed, so the SOV narrative took footing.
@@etishbite456 wait so you can't do transactions on BTC? Guess I'd better go delete the ones that I did
fictional edit: oh, turns out the blockchain is immutable
Mike did a great job of presenting facts to support his arguments.
Pomp...not so much but he's great at rebutting points that weren't made.
Mike didn't present any fact. He made some conjectures that turned out to be false. Learn the difference between facts and conjectures.
Greatest debate i seen on the subject. I really like bitcoin but Mike Green was the winner of this debate.
How? What was your criteria?
Correct me if I am wrong, but I think Bitcoin can withstand a denial-of-service attack in the form of its network being flooded by empty transaction blocks because miners can choose which blocks they attempt to mine. Since the difficulty of mining a block is constant at any given time, empty blocks will be given the lowest priority because they have no transitions fees. This will probably result in empty blocks being ignored.
One of the best interviews thus far. World class moderation, and great view points from both angles. I think crypto bulls need to hear more opposing arguments to temper and level their expectations of the volatility and what the future holds. Doing so won't make you less bullish. Doing so will help you add reason to market reactions (dips, corrections, fud). As adoption continues, so will price stability. Ironic, that is requires a higher price valuation to gain broader validation. Let's see what happens!
@moe raff If you at bought at $2 and held until now, did it not store your purchasing-power?
Wow, great debate! My Opinion - MIKE GREEN won this debate...HANDS DOWN!!!
Excellent world class debating. The clear winners are the listeners walking away more informed and well rounded. Would love to see more like this. My take Pomp struggled to keep his emotions in check. Mike was as cool as ice. Both very knowledgeable and articulated their arguments well.
Agree. I don’t know much about the crypto space (yet) but i feel Pomp is struggling to play defence. Guy on the right is clealy just analising the data with a pretty level head. Its important to be critical.
Throughout this whole conversation, Bitcoin has produced 1 block at ~10 min without caring about anyone’s opinions. We are so early. So so early.
That's slow XRP can send a trillion dollars from the US to Japan in 4 seconds.
@@frankjacquest2055 just like PayPal. Revolutionary.
If Pomp had been a little more respectful and a bit less emotional it would've truly been the perfect debate on this subject.
pomp was totally unprepared to the debate with this guy ..
Thank you Mike.... For making me realise.... I need to go all in on Bitcoin. I've never been more certain. I appreciate when a counter argument has the opposite intention.
Dear Mike, with all due respects... I think you need to understand how economic systems SHOULD work.... Not how they currently plod along, dismally.... "the fact that you have not thought that through is not my fault".
Mike has completely misunderstood the fundamental floors in our current economic system. I would even go so far as to say, he clearly doesn't understand economics. The fact that he is in finance and probably gets paid well for it... Saddens me.
FYI... You cannot fictitiously "create" economic value by printing more money. If you think of the economic system in terms of percentages... printing money merely shifts percentage points in the favour of a select few... Just like my older bully brother did in our game of MONOPOLY. For this reason... Dear Mike... I'm out of the USD.
Please... For your own sake... You need to "fully think this through"....
INVEST 1% OF YOUR PORTFOLIO INTO CRYPTO... AT LEAST THIS WAY ONLY 99% OF YOUR INVESTMENTS WILL PLUMMET TO ZERO.
Hahaha
Somehow, Mike green sounds more credible and trustworthy. Pomp put straw man arguments forth.
One of the best debates ever. It is one of the best reasons to suscribe to RV. Congrattssss!!
Mike wins debate! Glad you had the debate. These views need to be heard and considered. Valuable discourse.
Mike Green is at another level.
you can't pit Mike Green against Pompliano. Mike will always win! Bring Saylor on
What about Andreas
I think mike made himself look bad
@@alex-dk2rj Andreas is awesome
At 1:08 Mike is stating that in a fixed quantity system, there is no way to add economic wealth to the individual.
I would argue that it should not. Advances in technology would add to an individual’s wealth (purchase power) in a system without inflation of monetary units. A person with one unit (Bitcoin, gold, etc) would see the value of their savings increase as technology makes members of society more productive.
This is similar to what is explained in The Price of Tomorrow
Pomp may be right or he might also not be. Not what I ultimately saw. Green clearly was the more polished debater and kept ruffling Pomp’s feathers without even trying. Frustration was oozing from Pomp’s screen. His lack of composure hurt his credibility.
Also, who invests over 90% of their net worth on a speculative asset? He’s all in and not hedging for any risk.
Honestly I couldn’t not take him seriously after he said 96% of his net worth is in crypto. That’s just insane.
@@HenryPaulThe3rd if it's 'crypto' then it's not THAT insane (as tech has proved to be the big winner = even in the S&P).
What will be insane is if he's portfolio is 96% 'BTC'. That's indeed portfolio suicide.
@@saintmte5076 crypto is digital beanie babies for men
@@HenryPaulThe3rd lol that ppl are making whole salaries off. Some that are persistent become millionaires within a few years.
I've worked a 9-5, invested in stocks etc so if crypto is digital beanie babies then someone please feed me some hahaha
Wow Mike really blows Pomp out of the water here. And Pomp helps him all the way. Definitely need Raoul or Saylor on the pro-Bitcoin side next time to really flesh out these issues and actually respond to Mike’s points
I agree.
I disagree entirely I thought the exact opposite 😅
“War is not an economic interest” 😂😂😂 Has he met the us government??
haha That's how you know he lost the argument. Can't imagine a more dishonest statement from a guy who clearly knows the difference. Not a big Pomp guy, but this was an easy debate to win. Mike Green's argument was basically, "bitcoin is scary"lol. It's no more or less speculative than gold. Any person who follows the two assets knows this. Great debate between two bright men all the same.
@@settledown5392 The dollar is speculative also if you want to be honest. Is it a great idea to be all in on the dollar? Sounds irresponsible.
@@CaptBill-rj4oe Did I say anything about "all in" on anything? Nope. Diversification is always important. That's day one of investing.
@@settledown5392 Settle Down needing to settle down himself.
Mike's argument is to think for yourself and consider what the return of this asset could be in Pomp's hypothetical future. Nobody knows and nobody could figure that out.
@@TheWeastBeast I'm perfectly calm sir. That was one of his points he made.....and probably the best. The repetitive stuff about China, Russia, Iran couldn't be more intellectually dishonest though, along with him saying war is not an economic interest lol. Great debate either way, from two intelligent guys..... but Mike looked like an MSNBC shill to some degree here.
not sure why you think this pomp guy is the best guy to debate the merits of btc
He explains why around 17:59.
Little substance. Too much emotion and BTC idealism.
The Nodes validate the transactions and most of them are in Europe and US. The miners only settle the transaction that have been validated by the nodes. The miners have no influence on the transaction itself.
I think you have this backwards -
I couldn't take more of Mike Green when he says the NYSE is a legit financial institution. 26:04
Hahahahahaha
That's not what he said. He said that the NYSE is an exchange where you trade against a counterparty rather than against the exchange itself. It is a distinction without a difference since market makers still exist in the NYSE and have institutional advantages over the retail trader, so it is still trading "against the house" in a manner of speaking.
I completely agree with Mike Green's point about who has the most hash power over the Bitcoin network. I was pro-Bitcoin, but after considering what Mike had to say, I see that Bitcoin is inherently faulty.
This is why a Proof of Stake system is the best system one can get. Cardano already has it implemented, and Ethereum 2.0 also will have a system in which if a validator tries a 51% attack on blocks that are already validated, their entire stake gets destroyed, thus removing any chance of large pools from China and Russia manipulating the network.
No matter the stock market crash one needs to have different portfolio, I already invested in Forex and Crypto which are really profitable
Yeah sure Crypto yields more profits with the favourable market rise
I've been an investor and I can tell it changed my life for better 😊😊 Investing in crypto will be one of the wisest thing to do
I had intrest in investing in crypto but I was discouraged by friends and family, I was being ignorant though
@@savvyfinance2072
👍👍
I hope you do a follow up interview 20years from now.
20? How about 2...
When bitcoin is exposed as a ponzi. China had 40% of bitcoin stashed away from the beginning. Haha
Only 3 years from now would be interesting
@@ryanbruh752 wait till you find out what percentage of us bonds the Chinese own
@@se6586 the fed put a floor on bonds and the Chinese are selijg into it. That's why we have qe infinity
The best thing about bitcoin is that it forces most people, who are financially illiterate to learn, “what is money?”