This was a really fun chat, hope you guys enjoy it as much as I did :) 00:28 How coronavirus is placing an impact on Bill Ottman, his team and him personally. 01:54 What Bill's opinion is regarding shift towards distributed work once things eventually ease up or things will just go back to normal essentially. 04:54 What are Bill's thoughts on government's assistance to small businesses and residents to keep the doors open and livelihoods will keep on going, then there's another big conversation regarding people's libertarianism that people should get back to work, everyone's saying let's do this, every man for himself, but then there's the other thing when government thought it's imperative for them to take care of people who are not that fortunate, because "not every country is like Canada" where government is just handing out money, which introduces a whole other thing of inflation. 05:54 How does Bill anticipate to see how small businesses and the economy progresses through this time? 08:40 Talk about a good overview of Minds, like what their ethos is at Minds, not just necessarily the mechanics. 11:13 How Minds Pro ecosystem is related to that traffic that Minds (or Bill) are driving in. 13:24 What is the main driver that is making people stick to a new social platform? 13:37 What is the big selling or sticking point for Bill and his team? 16:12 How does Minds scale out the issues of people subscribing to hundres of people or pages? 19:02 How does Minds ecosystem work in terms of an "immutable place where the community can trust what's happening in that inevitable progression as things get bigger" and they they realize that they have to remove some of the alt-right speech on the platform because it just creates an overall negative vibe just like YouTube's censorship? 23:31 How can a distributed social media network comply with laws? For example, Minds is a company with a figure head and there's someone who is able to have their hands put in cuffs? 26:35 What are Bill's thoughts on fully distributed "outside the law" social media network, whether it's even possible? 33:25 Conversation shifted to aliens from talks of lawns (or lawnmowing, because minutes earlier, someone was mowing the lawn in front of Bill's house). 33:26 What would aliens think about our laws (or lawns) and the ridiculousness like they would think this is just insanity, and what are you people doing? 39:41 Jeff talked about COVID, that general population can actually be controlled. If the government issues lockdowns, people followed, but then there are others that don't want to be restricted, which is only fair because it's in the constitution that people should be able to do what they want. 41:12 "Freedom of information is a powerful thing in a way that they can control public perception." ~ Jeff 41:56 What are Bill's thoughts on YouTube harrowing information in a time where it's so crucial to have freedom of information? 45:56 "Truth is subjective based on their own personal ideals and visions." ~ Jeff 46:32 How do these fringe groups moving into a community impact the community dynamic and how do you stay positive and scalable in a way that someone can come on without totally getting bombarded by the things they don't want to see? 48:52 Where have been Bill's pivot points , like he had vision or direction but then along the way he realizes that it's not a reality, so where have been his pivot points? 56:10 What's Bill's vision or big milestones for Minds where he sees social media evolving? 1:02:13 What would be Bill's big sigh of relief in the near future to think that they got everything handled? https://youtu.be/IAw2rW03moY
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What do Mastercard, American Express, Swift, official government regulators, and many other MAJOR players in big finance think about crypto? I went to the Asia Global Payment Summit to find out. The first half of the day, not once was crypto mentioned. Everyone seemed to be fixated on Swift being the saviour of them all. In their defence, Swift is not the entity that takes days to settle a transaction, or charges monstrous fees, but the providers and banks who use it. So it's an efficient technology inside an ineffective system. And then the second half of the day rolled in. From that moment on, it was all about two entities; Libra, and PBOC coin. Many in attendance see the world splitting into two. Libra, backed by 75% US companies, and PBOC, a fully Chinese backed project that is looking to expand. They see instant and feeless transactions looming. They see many mobile apps like "Gopay" in Indonesia already Implementing this, but without full global penetration. They believe PBOC will launch sometime next month and will beat Libra to the punch. However. Countries can block Libra, and Libra can block countries, so what will happen when firewalls get put up? Libra is a basket of only a handful of currencies. So, why would Australia or Brazil welcome in Libra, when it would take importance and utility away from their own currency? They likely wouldn't. The wild thing is, I chatted with a rep at Mastercard, and they ALREADY have feeless instant solutions built out and ready to use. They are just sitting back and waiting for the right market conditions. I did not have a chance to chat with the reps from Amex, but I would wager the same would be true. Major finance is already set with their own private DLT solutions. They are not implementing them yet, because the feel the timing is not right. Unfortunately for decentralized purists and investors in BTC, for big finance it's all about private chains, dollar backed collateral, and stablecoins. What will the future of payments look like? It's anyones guess. It likely will not be 'one coin to rule them all'. Governments like control. It's true that there is always a way that people can use BTC, but the real issue for adoption is EASE OF USE. If it's not easy, it won't become widespread.... and the government can certainly put up MANY barriers. Digital currencies may take the form as multiple government sanctioned currencies implemented around the world. It's not music to anyone's ears, but it's important to be listening as the tune of the market is ever changing. One thing everyone there was majorly bullish on? Security Tokens. https://www.uptrennd.com/post-detail/day-one-at-the-asia-global-payment-summit~MTIzMTgw #crypto #technology #cryptocurrency #bitcoin #ethereum
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More from jeffkirdeikis

What do Mastercard, American Express, Swift, official government regulators, and many other MAJOR players in big finance think about crypto? I went to the Asia Global Payment Summit to find out. The first half of the day, not once was crypto mentioned. Everyone seemed to be fixated on Swift being the saviour of them all. In their defence, Swift is not the entity that takes days to settle a transaction, or charges monstrous fees, but the providers and banks who use it. So it's an efficient technology inside an ineffective system. And then the second half of the day rolled in. From that moment on, it was all about two entities; Libra, and PBOC coin. Many in attendance see the world splitting into two. Libra, backed by 75% US companies, and PBOC, a fully Chinese backed project that is looking to expand. They see instant and feeless transactions looming. They see many mobile apps like "Gopay" in Indonesia already Implementing this, but without full global penetration. They believe PBOC will launch sometime next month and will beat Libra to the punch. However. Countries can block Libra, and Libra can block countries, so what will happen when firewalls get put up? Libra is a basket of only a handful of currencies. So, why would Australia or Brazil welcome in Libra, when it would take importance and utility away from their own currency? They likely wouldn't. The wild thing is, I chatted with a rep at Mastercard, and they ALREADY have feeless instant solutions built out and ready to use. They are just sitting back and waiting for the right market conditions. I did not have a chance to chat with the reps from Amex, but I would wager the same would be true. Major finance is already set with their own private DLT solutions. They are not implementing them yet, because the feel the timing is not right. Unfortunately for decentralized purists and investors in BTC, for big finance it's all about private chains, dollar backed collateral, and stablecoins. What will the future of payments look like? It's anyones guess. It likely will not be 'one coin to rule them all'. Governments like control. It's true that there is always a way that people can use BTC, but the real issue for adoption is EASE OF USE. If it's not easy, it won't become widespread.... and the government can certainly put up MANY barriers. Digital currencies may take the form as multiple government sanctioned currencies implemented around the world. It's not music to anyone's ears, but it's important to be listening as the tune of the market is ever changing. One thing everyone there was majorly bullish on? Security Tokens. https://www.uptrennd.com/post-detail/day-one-at-the-asia-global-payment-summit~MTIzMTgw #crypto #technology #cryptocurrency #bitcoin #ethereum
497 views ·
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