For some reason my comment was deleted. I am gonna say it again. I think the speaker is brilliant and they added significant value and depth to my knowledge and understanding of this matter. I appreciate it endlessly and hope to see more lectures from Lyn
@@cwpv2477 The worse parts is the algorithm is adaptive. So the more times you make it mad, the more trigger happy it gets. I make perfectly innocuous messages that getting dropped all the time, simply because I have numbers in them. Like when I was explaining display density in post, and it wasn't having it. It also won't let me defend myself against certain users, no matter how sweet or gentle I am, I simply can't respond to particular users. They just get to make their statement, I can't rebut.
Lyn Alden: excellent presentation as always. Princeton: maybe you could bother to use some of that $35 billion endowment to invest in functioning microphones?
Here I thought it was the connection Due to me bieng Within The Netherlands.. 🇳🇱 . Born American- MO, studied with in The Netherlands-BA Buisness IT and Management. Speaking 4 languages, Now I'm jobless and Homeless... its sad haha😥 I really Thought the mic problem was a speaker problem.. -_- 😂
The central banker lady didn't put her microphone close enough to her mouth and didn't speak into the mic consistently. It was not a problem with the quality or choice of microphone. Lyn's is closer to her mouth, which is why you can hear her consistently.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She's good at explaining the problems of fiat currencies, but not good at all at explaining the problems of BTC, among which the extreme volatility, the transaction costs, and the insane energy consumption.
Because of the US economy's importance to the global economy, its instability has far-reaching implications. In such circumstances, safe-haven assets such as those with high FA and cryptocurrencies provide security. Investors must prioritize asset protection, diversification, and balanced portfolios in order to weather market volatility.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
Huge Lyn Alden fan. It gives me great joy to celebrate her continued success. I never miss the chance to hear her views. However, the straight answer to the question asked at (43:22) re: tax reporting is yes, a U.S. citizen is required to provide a social security number in addition to other qualifying personal information per 'KYC' ( Know Your Client) rules. All transactions are subject to taxation and reported to the I.R.S.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
My CFA ’Sophia Maurine Lanting’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I searched and located her on the web, I sent her an email, and scheduled a call; hopefully, she will reply because I want to start off the new year financially strong.
That the Princeton Center for the Decentralization of Power Through Blockchain Technology (DeCenter) exists at all shows that ther is real hope for humanity going forward
Audio staff need to have a stern talk with these people concerning the nature of directional mics and what the live stream will pick up vs what's heard when you're actually in the room. Other than that, very grateful for this talk and the book is awesome :)
@@rationalevidence9095 That's clearly not correct, and uses circular reasoning of apples to oranges. As such clearly not rational. To contradict you, divisibility of a fungible good known as money in no way changes the overall store of value, only the collective use of that money (in circulation) changes value to find equilibrium but may be skewed towards producers or consumers; depending on who is dominant; most of the time in concentrated oligopoly producers are dominant. Needless to say, a fraction of a whole is always a fraction of a whole, and divisibility does not change value. Concentration cycles or sieving cycles are dynamic cycles that occur regularly in any monetary system that impact the price spent on goods. Pre-fiat currency this was more inefficient because some industries are seasonal requiring significant investment upfront which removes the currency from use naturally slowing growth, but preventing boom/bust cycles except in certain extraordinary circumstances (i.e. acts of god). Under fiat, the inflation creates boom bust cycles whenever risk management cannot account for the risks (frauds); which over a great length of time is it can never account for the risks (because people don't have futuresight, and bad actors can defraud the system). BTC has an unknown quantity of leverage, from fiat money underpinning it, as do any systems that allow converting to or from dollars. This ability to easily exchange makes it simple to sieve without being able to print money in BTC, and through controlling the money in circulation the dominant player can effectively tax the value in a non measurable way for those holding the currency through non-visible or alerting boom/bust cycles of controlled holding/buyback flooding indirectly through financial instruments (i.e. accumulation, markup, distribution, markdown). Deflation like Inflation eventually forces producers to stop producing when the exchange no longer makes a profit. Additionally, BTC's proof of work is inherently based on distributed blockchain technology. 51% attacks on that technology allow those parties to alter the blockchain itself. To date no adequate solution for these dynamical problems has been examined rationally, and more than likely there isn't an adequate solution since value is subjective and cannot be measured as a unit, and concentration by a interested party is inevitable in dynamic systems, through subtle market manipulation, and economic calculation is required but becomes impossible under such systems over time (Mises). The people who use and rely on currency as a store of value have goods and needs that must be met, usually living expenses they don't typically have the option of not using money. Eventually liquidity from individuals will be concentrated creating circumstances for illiquid breakdowns endangering the monetary system with no tools to resolve. The people who use currency as a means towards rent-seeking behavior have no such needs or demands, and are more financially stable than individuals with more options so can take advantage of the swings at each end of a value swing, accumulating more which deflates or suppresses the associated assets. You see this quite often in the options, derivatives, and futures market related to silver and gold spot at the COMEX (where it looks like paper contracts in volumes exceed the amount of backed assets (registered) account for more than the registered amounts). As such, this is an important question, and it currently doesn't have a rational solution. Price level is not value.
@@rationalevidence9095 That is not a explanation bc those who mined bitcoin with geforce at home and earned 50btc per block would have more financial power than JP Morgan bank
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
They are directional mic's, you have to 'talk into' the mic. Lyn seems to have a better understanding of how it works - keep the mic close, talk toward it and not away from it.
@@juanbarberis7192 I'm not disagreeing, I was expanding upon the original post just stating the facts on what they have there. Yes, they need better equipment or at least a sound engineer to guide the speaker on proper use, apologies for not making it clearer.
~50:00 - capital gains on bit coin value, being liquid, are quite possible (even though they stated that capital gains needed to be ‘realised’). Asset taxes are also possible, especially if the asset itself isn't portable (see UK, Abramovitch (Russian Oligarch), Chelsea football club and GarysEconomics)
I'm a bit confused. The moderator is Carolyn Wilkins, the former senior deputy governor of the Bank of Canada. About as much a central banker as they come.
YOU BECOME PRESIDENT IF YOU KNOW YOU CAN SCREW OTHER COUNTRY, INFULENCE TO GEGALLY STEAL IN THE DAYLIGHT , AND NOTHING ANYBODY CAN DO, ITS BENIFITING SOME ONE BUT NOT YOU, WHO SAYS IT HAS TO BENIFIT YOU IN WHERE YOU ARE , YOU SOUND GOOD BUT IS NOT DOABLE, IF YOU DID YOUR WAY THEN YOU CANT BE IN POWER , SURVIVE BEST YOU CAN ,
Loved Lyn's clear, concise analysis and the thoughtful questions. Lyn should speak at every university, educating with integrity. Make those degrees worth something!
his question was answered - Lynn said that bitcoin is the simplest protocol so its hard for it to become obsolete as its going to be the more reliable and secure (more like a protocol). about money becoming obsolete to bitcoin she said that it is happening and it will start with the smaller less useful currencies but its likely that all currencies will degrade to BTC or other forms of money over time
Lyn is by far one of the best person out there in the financial/economics world. Good heart and level headed words. Thanks for everything Lyn❤. P.S- Princeton needs a better person to moderate questions and who are these people asking taxation and hacking questions? Do some research guys come on. Also get better mics
It's mesmerizing to listen to Lyn. She's so clear and articulate and also a natural narrator, when she links explanations of concepts with stories from real examples - one gets captivated by the storytelling and rock solid logic
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
NATALIE ANN BRINKMAN is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Which bitcoin? The current dominating btc is highly controllable.. There have been many that have had btc but couldn't move it. Granted they were criminals but still the mechanism is there in blockchain ...you just simply control the exchange points
Their aim is to guide everyone into digital monetary confinement. Within this framework, they possess the ability to generate unlimited money and siphon it off through their choosing of "dilution" or "inflation". These tactics would work the same as a stock split, but applied to the digitized currency throughout the entire system-a deceptive strategy reliant on mathematical manipulation.
Jesus fuck, the question part is unlistenable. How can this place in 2024 not have their audio dialed in, to at least a reasonable level. First question I don't even know what it was.
Celo token uses phones and people's phone numbers -- it has USD as stable coin. People in countries with inflation problems can use Celo to get USD and pay for things in USD.
Pretty dumb take… everybody who says this doesn’t hate government. They just want to have the government’s power… with no democratic accountability. See Tether.
You know better if I hate government or not, sure. Dumb comparison on your part. How Tether have same power as the government to spy or tax you or do whatever they want? Tether have none, you can walk away and move your business to somewhere else. Try the same with US government, good luck. US gove want to track all your transactions no matter which crypto or exchange you use. They force KYC on everybody. Also democratic accountability is a joke@@erikanderson1402
@@erikanderson1402 "everybody who says this doesn’t hate government. They just want to have the government’s power" ...have you ever heard of anarchism? Some people just want to live in peace.
What was wrong with the mic, interviewer needs to speak into mic lol.. xD Volume threshold was too low. BTC is a part of the future, surprises me some people can't see this yet. If you truly understand the "traditional" system you would be disgusted.
Central government will not allow crypto currency to be widely used in their country. Government needs to control the country and economy through local currency exchange rate, how's much to print etc.
Why it is broken? Because it is too easy to print. As for today, the 10 year federal debt rate is 4.67%, 30 year 4.78%, ... It is easy to calculate how much interest payment will be after all the old debts being replaced by the new ones with those rates. The yearly interest only payment for the federal government with 34 trillions debts will be about 1.56 trillions/y. That is almost double the yearly military spending.
What would happen if a government pass the law that the only money that have legal tender in their country is the money issued by their central bank? How that Nigerian lady, is going to buy grocery in Nigeria if Nigeria adopted such law.
@@Newlinjim She runs the risk of starving for a day or week or more before she can find that buyer for her bitcoins at mutually agreed price, quantity, availability etc. If u need to stop by a pitza store for 30 mn , the cashier says no to your bitcoin, what to do? U go looking for someone to buy the Naira from!!!
@@ougmass I agree,I’ve also seen a vid of someone using only bitcoin for their purchases. After finding establishments who would accept payment in bitcoin they found @ the end of the month their cost was 30% higher than cash. My reply to the ? Was more along the lines of exchanging enough bitcoin for cash to last the month costs.
Regarding the question about an extreme situation where only one person hoarded all the Bitcoin. In this case all the others would be happy to have sold all their Bitcoin to him. Lyn is correct in saying that they would then simply choose another form of currency which will have a new network effect. Let the hoarder keep all the Bitcoin and let the others wonder for what purpose he keeps them. Let this be a warning to any would-be hoarder of Bitcoin. You want the playground all to yourself? Well then, you can play alone. In the early days, it was not uncommon for early adopters to give away their Bitcoins to increase the size of the network.
If I travel to Egypt, how do I cash/convert my bitcoin to the local cash? If I had gold coins, I suppose I'd have to visit a gold dealer. What exactly is the process and steps for BTC? ❤
How do you locate these Bitcoin ATM's sir? And do many stores in Egypt accept bitcoin as cash? Is this common? What's the transaction fee at a BTC ATM? I wish there was a network of local people who were willing to convert w/ you... although the risk of theft or other harm could be high as well... I wouldn't want my entire wallet stolen... hm..... @@bramk
If you're using highly directional microphones, don't sit the participants next to each other, sit them opposite each other, so they're talking into the mic.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
I've stuck with ‘Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
For some reason my comment was deleted. I am gonna say it again. I think the speaker is brilliant and they added significant value and depth to my knowledge and understanding of this matter. I appreciate it endlessly and hope to see more lectures from Lyn
YT likes to do that. Especially when it comes to Bitcoin related subjects.
happens to me all the time, really spooky, try sayin ur opinion below a political video near impossible once u start quoting or linking sources.
@@cwpv2477 The worse parts is the algorithm is adaptive. So the more times you make it mad, the more trigger happy it gets. I make perfectly innocuous messages that getting dropped all the time, simply because I have numbers in them. Like when I was explaining display density in post, and it wasn't having it. It also won't let me defend myself against certain users, no matter how sweet or gentle I am, I simply can't respond to particular users. They just get to make their statement, I can't rebut.
exact same here man feel u, I always am polite@@bujin5455
@@bujin5455 Israel, anti-gov, bitcoin all gets flagged.
Lyn Alden: excellent presentation as always.
Princeton: maybe you could bother to use some of that $35 billion endowment to invest in functioning microphones?
lmao
Absolutely right!
Here I thought it was the connection Due to me bieng Within The Netherlands.. 🇳🇱 . Born American- MO, studied with in The Netherlands-BA Buisness IT and Management. Speaking 4 languages, Now I'm jobless and Homeless... its sad haha😥 I really Thought the mic problem was a speaker problem.. -_- 😂
Don’t forget better cameras 🎥
The central banker lady didn't put her microphone close enough to her mouth and didn't speak into the mic consistently. It was not a problem with the quality or choice of microphone. Lyn's is closer to her mouth, which is why you can hear her consistently.
Lyn Alden is a treasure. Much respect to the work and brilliance she's devoted towards her career.
is that a man ??
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
How can I reach this person?
‘’Aileen Gertrude Tippy’ maintains an online presence. Just make a simple search for her name online.
I checked Aileen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
She is one of the best Econ speakers of our time.
Lyn is an economist, investment expert and engineer. No one better to explain bitcoin and the problems of fiat currency debasement!
He really is the best
@@BTCNSDAPI understand the misconception, but Lyn really is a biological woman…
She's good at explaining the problems of fiat currencies, but not good at all at explaining the problems of BTC, among which the extreme volatility, the transaction costs, and the insane energy consumption.
@@BTCNSDAPI think Len Alden is the smartest man in Bitcoin!
Is that a man or a woman ?😂
Because of the US economy's importance to the global economy, its instability has far-reaching implications. In such circumstances, safe-haven assets such as those with high FA and cryptocurrencies provide security. Investors must prioritize asset protection, diversification, and balanced portfolios in order to weather market volatility.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That makes perfect sense; you seem to have a better understanding of the market than we do. The coach is who?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
Huge Lyn Alden fan. It gives me great joy to celebrate her continued success. I never miss the chance to hear her views. However, the straight answer to the question asked at (43:22) re: tax reporting is yes, a U.S. citizen is required to provide a social security number in addition to other qualifying personal information per 'KYC' ( Know Your Client) rules. All transactions are subject to taxation and reported to the I.R.S.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
Could you possibly recommend a CFA you've consulted with?
My CFA ’Sophia Maurine Lanting’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I searched and located her on the web, I sent her an email, and scheduled a call; hopefully, she will reply because I want to start off the new year financially strong.
Why does the mic cut out with distortion every time a Central banker speaks? Including Powell’s.
Uh, 58:42......
Why was the response censored?
the last questions were all asked at once and Lyn responded to that question @1:04:07
Because YT hates freedom, and they are extra draconian when it comes to BTC subjects.
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
Bummer about the sound. Love listening to Lyn. She brings clarity and pragmatism.
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
been watching lyn for a long time, never disappoints. Great analysis and explanation
Mic situation ruined it 😢
What was the mic issue?
That the Princeton Center for the Decentralization of Power Through Blockchain Technology (DeCenter) exists at all shows that ther is real hope for humanity going forward
Audio staff need to have a stern talk with these people concerning the nature of directional mics and what the live stream will pick up vs what's heard when you're actually in the room.
Other than that, very grateful for this talk and the book is awesome :)
I hope former Professor Krugman was in attendance. Could learn a thing or two.
Not a fan of Krugman at all, but Alden is a dummy.
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
@@KoDeMondo ? please explain
@@marc-andreducharme3648 agreed.
@@marc-andreducharme3648 How? What did she say that was inaccurate? Did you just not understand it?
Lyn is a national treasure.
*International.
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
What happened to the response at the 58.30 mark?
I was thinking the same thing.
The most important question was cut? Bitcoin is a fraud!
That's an important question to be completely edited out without notice.
@@rationalevidence9095 That's clearly not correct, and uses circular reasoning of apples to oranges. As such clearly not rational.
To contradict you, divisibility of a fungible good known as money in no way changes the overall store of value, only the collective use of that money (in circulation) changes value to find equilibrium but may be skewed towards producers or consumers; depending on who is dominant; most of the time in concentrated oligopoly producers are dominant. Needless to say, a fraction of a whole is always a fraction of a whole, and divisibility does not change value.
Concentration cycles or sieving cycles are dynamic cycles that occur regularly in any monetary system that impact the price spent on goods. Pre-fiat currency this was more inefficient because some industries are seasonal requiring significant investment upfront which removes the currency from use naturally slowing growth, but preventing boom/bust cycles except in certain extraordinary circumstances (i.e. acts of god). Under fiat, the inflation creates boom bust cycles whenever risk management cannot account for the risks (frauds); which over a great length of time is it can never account for the risks (because people don't have futuresight, and bad actors can defraud the system).
BTC has an unknown quantity of leverage, from fiat money underpinning it, as do any systems that allow converting to or from dollars. This ability to easily exchange makes it simple to sieve without being able to print money in BTC, and through controlling the money in circulation the dominant player can effectively tax the value in a non measurable way for those holding the currency through non-visible or alerting boom/bust cycles of controlled holding/buyback flooding indirectly through financial instruments (i.e. accumulation, markup, distribution, markdown). Deflation like Inflation eventually forces producers to stop producing when the exchange no longer makes a profit.
Additionally, BTC's proof of work is inherently based on distributed blockchain technology. 51% attacks on that technology allow those parties to alter the blockchain itself.
To date no adequate solution for these dynamical problems has been examined rationally, and more than likely there isn't an adequate solution since value is subjective and cannot be measured as a unit, and concentration by a interested party is inevitable in dynamic systems, through subtle market manipulation, and economic calculation is required but becomes impossible under such systems over time (Mises).
The people who use and rely on currency as a store of value have goods and needs that must be met, usually living expenses they don't typically have the option of not using money. Eventually liquidity from individuals will be concentrated creating circumstances for illiquid breakdowns endangering the monetary system with no tools to resolve.
The people who use currency as a means towards rent-seeking behavior have no such needs or demands, and are more financially stable than individuals with more options so can take advantage of the swings at each end of a value swing, accumulating more which deflates or suppresses the associated assets. You see this quite often in the options, derivatives, and futures market related to silver and gold spot at the COMEX (where it looks like paper contracts in volumes exceed the amount of backed assets (registered) account for more than the registered amounts).
As such, this is an important question, and it currently doesn't have a rational solution. Price level is not value.
@@rationalevidence9095 That is not a explanation bc those who mined bitcoin with geforce at home and earned 50btc per block would have more financial power than JP Morgan bank
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Who is your advsor please? if you don't mind me asking
Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Lyn is so efficient. Less than half an hour to condense the history, function and impacts of evolving monetary technology.
ty lyn and congrats
Thank you Lyn for the talk and princeton for organizing the talk and sharing to youtube!
Lin Alden spreading the word of enlightenment.
Also check out International Movement For Monetary Reform and Alliance For Just Money.
Just leaving a comment to show love for Lyn and her work!
here before 100k. keep stacking sats everyone! - NEED
Princeton desperately needs to up their mic game. (ps. Lyn is the goat - obv.)
They are directional mic's, you have to 'talk into' the mic. Lyn seems to have a better understanding of how it works - keep the mic close, talk toward it and not away from it.
@@gavincrouch Probably, but this is Princeton - not a community college in the middle of nowhere. They should be prepared!
@@juanbarberis7192 I'm not disagreeing, I was expanding upon the original post just stating the facts on what they have there. Yes, they need better equipment or at least a sound engineer to guide the speaker on proper use, apologies for not making it clearer.
What does goat mean ?😅
Greatest Of All Time @@cecilechau7932
Great lecture and excellent book by the way.
As an engineer like Lyn, she sure can talk about a topic in terms of system thinking and in a way that everyone can understand.
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
Lyn Alden is amazing¡¡¡
I hope the students viewing this act on the knowledge Lyn bestowed upon them. It will change their lives.
Lyn you are brilliant. Thank you!!
~50:00 - capital gains on bit coin value, being liquid, are quite possible (even though they stated that capital gains needed to be ‘realised’). Asset taxes are also possible, especially if the asset itself isn't portable (see UK, Abramovitch (Russian Oligarch), Chelsea football club and GarysEconomics)
I'm a bit confused. The moderator is Carolyn Wilkins, the former senior deputy governor of the Bank of Canada. About as much a central banker as they come.
Lyn for president 2024
YOU BECOME PRESIDENT IF YOU KNOW YOU CAN SCREW OTHER COUNTRY, INFULENCE TO GEGALLY STEAL IN THE DAYLIGHT , AND NOTHING ANYBODY CAN DO, ITS BENIFITING SOME ONE BUT NOT YOU, WHO SAYS IT HAS TO BENIFIT YOU IN WHERE YOU ARE , YOU SOUND GOOD BUT IS NOT DOABLE, IF YOU DID YOUR WAY THEN YOU CANT BE IN POWER , SURVIVE BEST YOU CAN ,
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
Lyn is so elegant and polite.
He certainly is
Agreed.
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
Lyn is absolutely fantastic.
Lyn is quite literally the GOAT 🐐
Lyn is the 🐐🐐🐐
Loved Lyn's clear, concise analysis and the thoughtful questions. Lyn should speak at every university, educating with integrity. Make those degrees worth something!
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
What happened at 58:40???
They took 3 questions all at once and then Lyn answered all three.
She answered that question at with the other 2
@1:04:07
49:06 No offense but how could this gentleman used to be the chief finance and not knowing anything about Carl Menger's Subjective Theory of Value 😮
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
58:45 why was his question not answered
his question was answered - Lynn said that bitcoin is the simplest protocol so its hard for it to become obsolete as its going to be the more reliable and secure (more like a protocol). about money becoming obsolete to bitcoin she said that it is happening and it will start with the smaller less useful currencies but its likely that all currencies will degrade to BTC or other forms of money over time
The creation of the federal reserve bank is the elephant in the room.
Really? I think Lyn’s gender is the bigger elephant in the room
The key differences is autonomous separate institution from politic. Egypt or Argentina doesn't have that but advanced countries do.
@@BTCNSDAP Gaslight is the new religion to stave off thinking.
@@BTCNSDAPLen Alden being one of the same Ethnic group that owns the Federal Reserve Bank is another kettle of fish
Lyn is by far one of the best person out there in the financial/economics world. Good heart and level headed words. Thanks for everything Lyn❤.
P.S- Princeton needs a better person to moderate questions and who are these people asking taxation and hacking questions? Do some research guys come on. Also get better mics
Excellent presentation! Lyn is always on point.
It's mesmerizing to listen to Lyn. She's so clear and articulate and also a natural narrator, when she links explanations of concepts with stories from real examples - one gets captivated by the storytelling and rock solid logic
Yes he is
He is quite handsome
he
Lyn is on it. Beautiful presentation. Bitcoin is a Power Law.
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
NATALIE ANN BRINKMAN is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Lyn is a hero
Which bitcoin? The current dominating btc is highly controllable.. There have been many that have had btc but couldn't move it. Granted they were criminals but still the mechanism is there in blockchain ...you just simply control the exchange points
Lyn is awesome! #Bitcoin for the world
Excellence
WoW people have really good questions!
Lyn, my fav teacher on macro. Wish she was my finance professor back then. I would have taken a very different career route.
Why was the question at 58:00 not answered?
This is the best explanation regarding monetary system along with PlanB explanation for BTC scarcity character, bravo!
Wake up people!!! If Princeton university promote BITCOIN I hope you understand what is the agenda!
Q & A audio went south.
Audio is terrible
Timestamps?
Kudos for inviting Lyn
Nice one Lyn!
Their aim is to guide everyone into digital monetary confinement. Within this framework, they possess the ability to generate unlimited money and siphon it off through their choosing of "dilution" or "inflation". These tactics would work the same as a stock split, but applied to the digitized currency throughout the entire system-a deceptive strategy reliant on mathematical manipulation.
Lyn the goat.
I wish they kept the central banker in front of, and facing the microphone. She kept cutting in and out depending on where she was faced.
Love how the boomers are trying to figure out there cap gains while Lyn schooling them with hard money 😂🤡
Broken money was a fantastic read. Im jelous of everyone who got to see her talk live.
Jesus fuck, the question part is unlistenable. How can this place in 2024 not have their audio dialed in, to at least a reasonable level. First question I don't even know what it was.
Celo token uses phones and people's phone numbers -- it has USD as stable coin. People in countries with inflation problems can use Celo to get USD and pay for things in USD.
Lyn, thank you so much for giving such a wonderful talk at Princeton. You are the perfect ambassador for Bitcoin and for sound money generally.
Every question had one common thing. Government is the problem. Let that sink in.
More like politicians are the problem. They are the ones making the rules after all.
Pretty dumb take… everybody who says this doesn’t hate government. They just want to have the government’s power… with no democratic accountability. See Tether.
You know better if I hate government or not, sure. Dumb comparison on your part. How Tether have same power as the government to spy or tax you or do whatever they want? Tether have none, you can walk away and move your business to somewhere else. Try the same with US government, good luck. US gove want to track all your transactions no matter which crypto or exchange you use. They force KYC on everybody. Also democratic accountability is a joke@@erikanderson1402
@@erikanderson1402 "everybody who says this doesn’t hate government. They just want to have the government’s power"
...have you ever heard of anarchism? Some people just want to live in peace.
@@MemoryDealer yea and most people don’t understand what anarchism actually is… considering anarchism requires abolishing capitalism
What was wrong with the mic, interviewer needs to speak into mic lol.. xD Volume threshold was too low. BTC is a part of the future, surprises me some people can't see this yet. If you truly understand the "traditional" system you would be disgusted.
If I already read the book, is there anything new in this hour long video?
Humanity will be much better off if we all agree to separate money from state.
Why didnt anyone tell the interviewer to use the microphone properly? Hard to listen too.
Time stamp 58:38 sencored!!!,!!, wht! why?
It sounded like a JQ related question. The host just didn’t want to go there…
read lyn s book twice already and will certainly read a 3rd time . she rocks !
Brilliant lady.
The goat
Central government will not allow crypto currency to be widely used in their country. Government needs to control the country and economy through local currency exchange rate, how's much to print etc.
Nah. You're wrong. China attempted to ban Bitcoin. They failed. One of the most authoritarian countries on the planet failed. You're way out of touch.
Why it is broken? Because it is too easy to print. As for today, the 10 year federal debt rate is 4.67%, 30 year 4.78%, ... It is easy to calculate how much interest payment will be after all the old debts being replaced by the new ones with those rates. The yearly interest only payment for the federal government with 34 trillions debts will be about 1.56 trillions/y. That is almost double the yearly military spending.
With a fixed money supply how would anyone promote velocity when hoarding would be wise? (Assuming products and services don’t diminish)
Fantastic. Thanks for sharing.
Broken Microphones? Did you check them advance? I can tolerate it as the topic is so important.
What would happen if a government pass the law that the only money that have legal tender in their country is the money issued by their central bank? How that Nigerian lady, is going to buy grocery in Nigeria if Nigeria adopted such law.
She would use bitcoin to buy her country’s currency and then buy groceries.
@@Newlinjim She runs the risk of starving for a day or week or more before she can find that buyer for her bitcoins at mutually agreed price, quantity, availability etc. If u need to stop by a pitza store for 30 mn , the cashier says no to your bitcoin, what to do? U go looking for someone to buy the Naira from!!!
@@ougmass I agree,I’ve also seen a vid of someone using only bitcoin for their purchases. After finding establishments who would accept payment in bitcoin they found @ the end of the month their cost was 30% higher than cash. My reply to the ? Was more along the lines of exchanging enough bitcoin for cash to last the month costs.
Lynn understands how money works and how it should work better than these bankers.
Regarding the question about an extreme situation where only one person hoarded all the Bitcoin. In this case all the others would be happy to have sold all their Bitcoin to him. Lyn is correct in saying that they would then simply choose another form of currency which will have a new network effect. Let the hoarder keep all the Bitcoin and let the others wonder for what purpose he keeps them. Let this be a warning to any would-be hoarder of Bitcoin. You want the playground all to yourself? Well then, you can play alone. In the early days, it was not uncommon for early adopters to give away their Bitcoins to increase the size of the network.
If I travel to Egypt, how do I cash/convert my bitcoin to the local cash? If I had gold coins, I suppose I'd have to visit a gold dealer. What exactly is the process and steps for BTC? ❤
Bitcoin ATMs exist, or you can just pay someone in Bitcoin when you use it in a store and they accept Bitcoin. With your mobile phone.
How do you locate these Bitcoin ATM's sir? And do many stores in Egypt accept bitcoin as cash? Is this common? What's the transaction fee at a BTC ATM? I wish there was a network of local people who were willing to convert w/ you... although the risk of theft or other harm could be high as well... I wouldn't want my entire wallet stolen... hm..... @@bramk
I've heard some countries have Telegram groups for exchanging as well
There are also websites where you can find people to trade with locally (ie. bitcoin for cash or a variety of payment methods).
So this is not as seamless as I could be... lots of friction (still) @@mike-f1k
Mic is pretty poor.
Princeton ??? Whaaa
The irony of boasting about technological advancements in a mic that doesn't work.
This dude knows his stuff!
I turn off anything I’m listening to when I see Lynn pop up RUclips
Great video!
An economy that survives on borrowing and printing money to support private and public consumption cannot be sustainable.
Great book this smart lady wrote 👌👍
Lady? Why IT have this voice so manly?
this is a man not a woman
If you're using highly directional microphones, don't sit the participants next to each other, sit them opposite each other, so they're talking into the mic.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
I've stuck with ‘Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.