Skip to content
HEX
Search
About
Back to results
Will Ethereum outperform Bitcoin? Richard Heart #157
Aug 12, 2022
Open on YouTube
Copy link
Follow along
· transcript tracks the video
Transcript
Show
Load earlier
01:05:19
i've seen the like the pre-release of it
01:05:22
it looks amazing who's playing you
01:05:25
me i know you think you have to work oh
01:05:27
wow okay yeah
01:05:28
it i am not
01:05:30
i feel sorry for those guys having to
01:05:32
like shoot hey we're making move about
01:05:34
software huh it sounds crappy oh yeah
01:05:36
the founder is like a fat old dude oh
01:05:38
man this is going to suck
01:05:40
like but it actually is amazing like
01:05:42
it's really really good
01:05:43
i can't wait i want to watch the trailer
01:05:46
people make a lot of money and they lose
01:05:47
a lot of money and there's like a lot of
01:05:48
drama it's it's crazy
01:05:50
and then uh
01:05:53
we got pulsechain.com world's largest
01:05:54
free airdrop
01:05:56
um
01:05:57
that's coming out
01:05:59
hopefully soon like
01:06:01
months and then uh
01:06:04
hacks.com is doing its thing
01:06:08
books tdm sci-fi and then i got to do
01:06:10
more charity stuff you know um and i'm
01:06:13
going to take delivery of my diamond i
01:06:14
thought the world's largest diamond but
01:06:15
it's still sitting at celebrities i
01:06:16
actually have to take delivery of it and
01:06:17
pay the import tax or
01:06:19
ship it to geneva and leave it how big
01:06:20
is the diamond
01:06:22
555.55 carats wow the longest the
01:06:25
longest stake you can make is 5555 days
01:06:28
it's the quattro cinco club and then
01:06:31
this diamonds was 555.55 carrots and i'm
01:06:33
like and you guys accept crypto for it
01:06:35
okay obviously it was made for me
01:06:37
obviously so i had to buy it even these
01:06:40
shoes i got these louis vuitton cheese
01:06:43
let's see these these louis vuitton
01:06:45
shoes are crystal
01:06:46
these were 5 50 so they were just
01:06:49
missing one five
01:06:51
but they sometimes you're just like man
01:06:53
this stuff was made for me you know
01:06:55
so that's your number fives the fives
01:06:57
you go for the fives yep cuatro senko
01:06:59
club so i think i think that's the big
01:07:00
stuff man hex.com is on a big dip i
01:07:02
think there's a lot of opportunity there
01:07:04
i think pulsechain.com is going to
01:07:06
change a lot of lives we got we got 60
01:07:08
000 people in pulse change chat we only
01:07:09
got 40 000 in the hex chat it's 50 more
01:07:12
popular and and people just understand
01:07:14
it better oh it's
ethereum
but it only
01:07:16
deflates there's no inflation it's
01:07:18
amazing environment it's like it's free
01:07:20
money because people love free money man
01:07:22
that's what i wrote self-help books
01:07:24
crypto is not even in them i teach
01:07:25
people how to do business you know start
01:07:27
start your own business hire employees
01:07:29
have a unique benefit statement you know
01:07:31
cut out middlemen
01:07:32
but crypto validates it all you make
01:07:35
more money buying the right coin shoving
01:07:37
your thumb up your butt and paying
01:07:38
capital gains rate when you eventually
01:07:40
sell then you do working hard and paying
01:07:43
personal income tax rate
01:07:45
and you're just like you get tax
01:07:47
advantages you don't have to work you
01:07:49
you the guys that started coinbase like
01:07:51
the be around investors in coinbase
01:07:53
didn't make as much money if they just
01:07:54
bought bitcoin
01:07:56
the guy that founded tony g the guy that
01:07:57
found a bitpay he would have made more
01:07:59
money just buying bitcoin to start a
01:08:00
bitcoin business
01:08:01
successful businesses have crap results
01:08:04
compared to cryptocurrency it's just the
01:08:06
world is different now it really is and
01:08:08
it won't always be this way eventually
01:08:09
everyone will be at crypto these games
01:08:11
won't be the same but as long as so few
01:08:13
people are out of crypto or so so few
01:08:15
people are in it and so many aren't in
01:08:17
it
01:08:18
it leaves these potentials at absolutely
01:08:20
insane levels even the lymph we gained
01:08:23
bitcoin did a 20x in about a year and a
01:08:25
half
01:08:26
that's
01:08:27
that's you and your grandpa's lifetime
01:08:29
earnings in the s p 500
01:08:31
it's insane
01:08:32
so like if you get cryptocurrency right
01:08:34
you never have to work another day in
01:08:36
your life if you get it wrong and you
01:08:37
lose everything
01:08:40
so which is the coin to buy right now at
01:08:41
the ring meeting
01:08:43
i mean monero probably gets i didn't
01:08:45
look at any charts i would guess monero
01:08:47
would bounce based on the uh the bad
01:08:49
news with tornado cash it's competitor
01:08:51
the crypt is weird right so i i would
01:08:53
have to look like did someone have
01:08:55
leveraged positions open right now is
01:08:56
there some other news that's going on
01:08:58
but my guess would be if i looked at a
01:09:00
chart monero had already probably
01:09:01
bounced 25 i had a guess you want me to
01:09:03
look let's go see us i'm talking for
01:09:05
like the next two to the next two or
01:09:07
three years hex.com pulse intercom
01:09:09
ethereum
ethereum
's gotta switch from
01:09:11
proof of work to proof of stake if they
01:09:13
pull it off it's gonna be a great
01:09:14
reduction in emissions which should
01:09:15
lower the supply
01:09:17
um you're also getting that free air
01:09:18
drop um with pulse chain on all your
01:09:21
ethereum
assets i think bitcoin will
01:09:23
continuous s-curve limp kind of it'll
01:09:25
get back up it'll eventually make 100k
01:09:27
new all-time high but it'll just get
01:09:29
there very slowly
01:09:31
unfortunately good projects in crypto in
01:09:33
my opinion only launch one or two times
01:09:35
a year and bad projects launch every ten
01:09:37
minutes it's just show
01:09:39
yep i wish i could give you a big list
01:09:41
of awesome stuff but other than
ethereum
01:09:43
monero bitcoin hex pulse chain pulse ax
01:09:46
call sex is our version of unit swap
01:09:48
that peer-to-peer trustless training
01:09:49
when i say trustless it means that you
01:09:51
ain't got no middleman it's a weird word
01:09:53
you come up with a better word than
01:09:54
trustless does it sound
01:09:56
well the middle man supposedly someone
01:09:57
you could trust so without so no
01:09:59
middlemen means trust less
01:10:02
even new york stock exchange bad price
01:10:04
tickers
01:10:06
people talk about people get the
01:10:07
blockchain so wrong
01:10:09
the blockchain is only useful for
01:10:10
basically currency and not much else why
01:10:13
because we're willing to pay the worst
01:10:15
fees the lowest throughput the the
01:10:18
highest latency the worst database so
01:10:20
everyone can see exactly exactly right
01:10:22
exactly exactly of course and so if you
01:10:24
try and put the new york stock exchange
01:10:25
price feed on there they had to go back
01:10:27
and edit it because they just made a
01:10:29
mistake of course right if you have it
01:10:30
on a real blockchain nobody can go back
01:10:32
and edit it and so what do you do you
01:10:34
introduce an admin key okay well now if
01:10:36
you've got to trust this guy not to edit
01:10:37
it he can just run it on aws you can
01:10:39
just run it on a normal database you
01:10:40
don't need the blockchain if you trust
01:10:41
me that's why you can't put real estate
01:10:43
in the blockchain hey man here's the
01:10:45
house it's on the blockchain right oh it
01:10:47
got swallowed in the storm
01:10:49
who's going to add the blockchain up
01:10:51
well someone has to
01:10:53
and that guy is a point of failure right
01:10:54
there at any time the blockchain touches
01:10:57
the real world you can't trust it
01:10:58
anymore the blockchain is only truly
01:11:00
trustless when it's digital to digital
01:11:02
that's the reason that you see a lot of
01:11:04
these scams because they let their
01:11:06
crypto go their keys into somebody
01:11:07
else's hands it leaves the digital world
01:11:09
goes into the real world and somebody
01:11:10
else's hands and then they scam
01:11:12
they lie they say they're going to give
01:11:13
you big returns and then they just steal
01:11:15
all your money if picking up pennies in
01:11:17
front of freight trains you're going to
01:11:18
risk your whole stack for seven percent
01:11:20
on something that goes up thousands of
01:11:21
percent if you just wait
01:11:23
terrible idea terrible idea
01:11:26
x.com solves that you're in yield why
01:11:28
you're holding your keys no middlemen
01:11:31
there you go buddy listen i appreciate
01:11:33
the time by the way
01:11:35
yeah i really appreciate it's gonna come
01:11:36
out in like six months and uh gotta say
01:11:38
everybody i would follow really with
01:11:40
this man saying he knows a lot of stuff
01:11:41
you know everyone's gonna make their own
01:11:43
decisions on stuff but clearly i'm a
01:11:44
believer in long-term holding no
01:11:47
leverage
01:11:48
uh i think that you changed you you used
01:11:50
to hate crypto now you saw the light
01:11:53
well yeah but i i don't like all i i
01:11:54
like very few it's really it's almost
01:11:57
like a bitcoin i always say bitcoin
01:11:58
ethereum
i never recommend anything else
01:12:00
really i mean i think that here's why i
01:12:03
really came around with it number one is
01:12:05
that um i was right when i called it
01:12:07
it's like 20 000 going down to three
01:12:10
because at that time it was just so
01:12:11
obvious to me what was going on
01:12:14
but
01:12:14
the person that changed my mind was
01:12:16
beatles
01:12:18
that's who educated me so you know he
01:12:21
was the first person that really talked
01:12:23
to me in a very sober way about it i was
01:12:25
going to a million it's going to replace
01:12:26
the dollar i was like i'll stop
01:12:28
you know and and that's when i first
01:12:30
started looking at the actual
01:12:32
technology which arrives a lot of limits
01:12:34
but this one
01:12:35
i'm a believer in this one overriding
01:12:38
point that it's the
01:12:41
this issue of of having
01:12:43
everyone being able to look at the
01:12:46
ledger
01:12:47
is just
01:12:48
with printing money it's so
01:12:50
toxic what happens behind closed doors
01:12:52
with debasing currencies it's so screwed
01:12:54
up that that alone is just worth so much
Load later