Brandon Aceto
๐ค SpeakerAppearances Over Time
Podcast Appearances
But I wonder what the winner is going to be in terms of like what's used for the global payment system.
So whatever technology is best.
I do think we should do a gold standard type of thing with an asset that is able to grow faster than gold is able to grow.
So to restrain our money supply in some way.
I get the reason for getting off the gold standard, but I think Bitcoin or something like that can serve as a way to somewhat restrain or keep the money supply under control.
It has to.
What do you think, Tom?
Yeah, I think that Swift is a very antiquated system, and it's funny how it's actually like a messaging device where you say, hey, we're sending you over X amount of money.
Like, okay, and the bank adjusts accordingly.
So it doesn't actually send money as far as I understand it.
But all the stats I've seen on how fast Ripple could do it or any of the others that are competitors for that, they could do it much faster, much more cheaply, and that's really the pain point of replacing that system is because you can't send a large amount of money to somebody in another place in the world instantly right now.
I kind of agree because you see what Jeff Gundlach said the other day.
He said 25% of your portfolio in gold is not unreasonable right now.
Yeah, no, I concur.
I mean, it's probably the best predictive data gathering tool out there.
I mean, data is what the future economy is going to be built on.
And if you're in the business of making predictions, you want to access as much data as possible.
I saw that they are 90 to 94 percent accurate with the predictions they make on polymarkets.
I mean, think of the power of that applied to the stock market and investments in the stock market.
Better than Kramer?