Listen to Alex and I discuss his premise that QE is not the devil. This is not sponsored content.
About Alexander S. Blum, Chief Operating Officer of Two Prime
Alexander S. Blum, Chief Operating Officer and Co-founder of Two Prime, has worked across blockchain hedge funds, startups, and consulted in the space for over seven years. Prior to founding, Alex started digital investment group Atomic Capital, developed a cryptocurrency mining operation and AI-crypto hedge fund, and worked as a technology advisor for the Bill & Melinda Gates Foundation, The World Economic Forum, and an economic development specialist for the Peace Corps.
Alex is a Fellow at University College London Centre for Blockchain Technologies and a graduate of MIT and Tufts University. Alex has spoken at blockchain events around the world and his writing can be seen in publications such as Forbes, The Pacific Council on International Policy, HuffPost, and Seeking Alpha.
About Two Prime
Two Prime designs and manages institutional-grade crypto products. It's flagship product, the FF1 token, is a global, modern store of value for those seeking a safe haven for their assets. The token has a finite supply and proceeds from the purchase of the FF1 token go into a treasury portfolio of top cryptocurrencies, fixed-income, and venture investments that return cash flows. As a hybrid stablecoin, the FF1 blends elements of a stablecoin and a Bitcoin, allowing for demand-driven price fluctuations and asset-driven price support.
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▶️ 3Speak
I don't mind QE it allows people a smoother transition into harder assets and more productive means of use of capital but the problem for me is people seeing cash as a store of value, these are the people who get hurt. The banking system has lent far too much legitimacy to currency and we lost the idea of money.
People need assets/hard money because currencies are made to die, they are only the flavour of the month and a means to an end.
I'm happy for the banks to keep printing, as long as that money is getting to the people, not going straight to the bankers. Because if I'm getting money plonked in my account, that's going straight into Bitcoin which can't be inflated away. As long as more and more people do this, we're on the right track to 100k BTC.
I do agree that QE, like many things, have both negative and positive attributes. Very few things are 100% bad. It's similar to many different arguments that might happen for ideological or political reasons -- for example, everyone agrees that they want their children to be safe. However, they differ greatly on how.
QE, to me, is one contributing method for a nation to achieve certain goals, and most people implicitly agree with those goals. They probably differ greatly on how those goals can be obtained. I'd go further that the implicit agreement comes from people being ignorant of how money really works.
Great conversation! Thank you Chris
You're very welcome.