Toxic Bitcoin Maximalism with Cory Klippsten WiM197

Toxic Bitcoin Maximalism with Cory Klippsten (WiM197)

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CEO & Co-Founder of Swan Bitcoin, Cory Klippsten joins me again for another great conversation about the culture of Bitcoin, the “sunk cost” fallacy within crypto projects & how to best deal with “Bitcoin Toxicity” & ask, is it useful?

Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedlove

Guest
Cory’s Twitter: https://twitter.com/coryklippsten
Swan Bitcoin Website: https://www.swanbitcoin.com/

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

Outline
00:00:00 “What is Money” Intro
00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:01:37 Discussing their thoughts on why Nassim Taleb is “Anti-Bitcoin”
00:12:47 “Pacific Bitcoin Conference” brought to you by Swan Bitcoin!
00:14:06 Discussing “Dogmatism” & how people can be Dogmatic toward Bitcoin
00:27:05 Discussing Bitcoin Culture Online vs In-Person
00:32:57 Is there anything that could happen to change your mind on Bitcoin?
00:37:39 How does Inflation Affect Bitcoin & Crypto?
00:41:44 How do you Define, “Shitcoins”
00:50:32 Discussing the Economic & Moral Case for Bitcoin vs Altcoins
01:06:56 The Opportunity Costs of Crypto vs Bitcoin
01:10:29 Is “Bitcoin Toxicity” Positive?
01:22:24 Watch “Hard Money with Natalie Brunell” From Swan Studios
01:23:11 Take Control of Your Healthcare with Crowd Health
01:24:19 Discussing the “Sunk Cost” Fallacy with Crypto Projects
01:27:33 Nic Carter, VC Investments, Dealing with Criticism & Creating “Call Option Value” off of Notoriety
01:51:23 Robert’s Experience in Dealing with Toxicity vs Nic Carter’s
01:59:52 Is Crypto a threat to Bitcoin & Why is it a Net-Negative?
02:04:08 Discussing, What is “Bitcoin Toxicity” & How to use it Effectively
02:10:22 Would “Bitcoin Toxicity” be needed on a “Bitcoin Standard”?
02:15:31 Common Personality Traits among Bitcoiners
02:21:39 How Labels bring on the “Ego” vs “Productivity”
02:25:55 How the Bitcoin Community helps Progress Ideas
02:37:27 Final Thoughts from Cory Klippsten
02:43:39 “What is Money” Outro

SOCIAL
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WRITTEN WORK
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43 comments

  1. Much of this conversation seemed to support the “ends justify the means” mindset so long as it helps Bitcoin. I’m not there. I hope to be a non-toxic Bitcoin maxi.

  2. The only way I can imagine destroying Bitcoin would be some kind of technology that brings us beyond the need for money all together.

  3. Thanks Robert for inviting Cory on again.
    Bitcoin wins the moral case hands down. Not winning the financial case for me and the Bitcoin dominance is down.

  4. Pair Robert with max Keiser. 😁😁

  5. I bet Taleb is pumping fear to buy at discount lol

  6. I totally agree with what you are saying…the question BTC is the future of crypto and the question to ask themselves now if this is the right time to invest? Before jumping into conclusion I think you should take a look at things first. For the past few days the price of BTC has been fluctuating which means the markets is currently unstable and you can tell if it is going bearish or bullish. While others people still continue to trade without the fear of making loose, and some people are being patient. It all depends on the pattern which you trade with and also source of your signal. I would say trading has been going smoothly for me. I started with 3.5 BTC and I have accumulated over 11.5 BTC in just 5 weeks with the trading strategy given to me by an expert Stacy Huth.

  7. Hi Robert. Thanks for making so much content. You have been huge in helping me translate this topic to my friends and family.

  8. Brilliant 👏

  9. Cory is the truth

  10. Love these videos but you gotta turn up the volume. Can barely hear through my headphones if there is any noise around

  11. Boogieman-19 "c0v!d", the swiss army knife of all-purpose excuses. Just another global obedience training platform. I will never comply with the WEF, the Center for Disobedience Control, or any of the rest of those power hungry control freaks. They can all go piss up a flagpole. Refuse resist. Buy more ammo. Fight till death.

  12. What if you’re extremely broke? Can you still come to the conference?

  13. Great interview. Don’t understand why Bitcoiners want to go to Kalifornia for a conference? Must be for the one that haven’t left 😂

  14. The bitcoin purity tests get a little obnoxious. If something is straight up a scam absolutely should be called out. Everything else we should let the free market decide. Cory does make good points and add value but we are all free to make our own choices. That said 95% of this stuff out there is garbage

  15. The only answer to questions about an about face like that is politics, money or both. Great show!

  16. End the Reds VII

    Glad to see the interview with Cory Klippsten, and not Cory Klippstein.

  17. This was really in depth and insightful. Appreciate the content on this, and presents other aspects often overlooked. Navigating through the social and cultural aspects of this space, and implications of those approach strategies make a difference. Core values, truths and motives are at the heart of everything. Great video! (A little lengthy, but great nonetheless). Keep up the great content!

  18. 32:45 – To sum up Cory’s point in 280 characters: “If you’re long Crypto, you’re short Bitcoin.”

  19. Bitcoin core small blockers have crippled bitcoin from scaling. Lightning is garbage. Eventually another fee crisis will signal the failure of bitcoin, and hopefully a better coin will gain adoption instead.

  20. Get Jack Dorsey on stage with Robert at the Pacific Bitcoin conference 🤝

  21. A good informational interview. I disagree about currency not being a Sh&tcoin as it has all the attributes of his (Cory) stated definition of the Sh&tcoin. Your twos discussion of the superior longevity of Bitcoin over literally everything that is not Bitcoin meshes well with my own thoughts! Well done!

  22. I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Payton Brooks.

  23. Will open Swan account this week! Thanks Gentlemen 🙏

  24. Excited to listen round 2

  25. Love the show, but some higher video quality would make it funner to watch. Can't be that expensive or hard to set up.

  26. Talib is the personification of mental masterbation.

  27. Cory saved my ASS with Celsius… thank you brother.

  28. 1:49:20 Cory putting Rob through confession again :D. Jk, great interview.

  29. Hard to listen to the guy rabble on. Don’t smoke so many dabs before interview

  30. “Inflation is theft and shitcoins are fraud and they’re both crimes.” Cory nails it on the head again

  31. Defining a shitcoin as any non-Bitcoin altcoin is, I think, not intellectually honest. What attributes of Bitcoin make it not a shitcoin, and are there any other crypto assets that share those attributes?

  32. Yes! More like this please.

  33. I am a Bitcoiner, but surely if consumers and the market have more activity on other chains, we can complain forever saying “oh it would be so much better if X money was invested here”. But this is similar to socialist talk. “Wouldn’t it be better if money was spent here” equalling coercion to do so but also equals inefficiencies. Who are we to say how others should choose to participate in a market?

  34. Great discussion. How would your view be on BTC if it stays SoV (bc of speculations, miner incentives etc.) and therefore never becomes money (medium of exchange)? Would you still be okay with it? Genuine question and thought exercise.

  35. The same arguments you have against him , I have the same against you both and it fits you very well

  36. Cory MVP

  37. Thanks Cory!

  38. Wow. The bit on intellectual people being so adept at arguing into anything and out of anything, thus being susceptible to self-deception. Spot on.

  39. “Time spent on revenge is never wasted. Revenge is a moral obligation. Nothing is a moral obligation.” – Taleb

  40. Literally Cory has been on twitter bashing outright wonderful people in the crypto space, so how does anyone want to listen to this. It's totally ironic and hypocritical. No good leader bashes good people the way Cory has. I was disappointed to see swan BTC and Breedlove in cahoots, and that was the point I lost interest in this show after having been a fan, but at some point you have to look at peoples character, and Cory is void of it , which looks bad on Breedlove too if he supports that. Tired of the swan BTC infomercials too

  41. Jonathan Bar-Eli

    Thanks Robert for a wonderful discussion yet again!

  42. Wasn't the term Bitcoin Maximalism coined by Vitalik Buterin?