by most people’s standards I’ve always had an unusual relationship with money
had an unusual relationship with money
had an unusual relationship with money and financial risk to me it’s always
and financial risk to me it’s always
and financial risk to me it’s always been a game some of my earliest memories
been a game some of my earliest memories
been a game some of my earliest memories include playing low stakes gin rummy and
include playing low stakes gin rummy and
include playing low stakes gin rummy and betting the horses with my grandpa
betting the horses with my grandpa
betting the horses with my grandpa as a teenager I learned how to play
as a teenager I learned how to play
as a teenager I learned how to play poker and program computers I quickly
poker and program computers I quickly
poker and program computers I quickly became hooked on both I started my
became hooked on both I started my
became hooked on both I started my career in Palo Alto doing artificial
career in Palo Alto doing artificial
career in Palo Alto doing artificial intelligence research in the early 1990s
intelligence research in the early 1990s
intelligence research in the early 1990s but soon after getting a glimpse of this
but soon after getting a glimpse of this
but soon after getting a glimpse of this new thing called the World Wide Web
new thing called the World Wide Web
new thing called the World Wide Web I gave up the ivory tower and gambled on
I gave up the ivory tower and gambled on
I gave up the ivory tower and gambled on my first startup with two friends
my first startup with two friends
my first startup with two friends pick’em was a fantasy sports company and
pick’em was a fantasy sports company and
pick’em was a fantasy sports company and I got really good at designing games
I got really good at designing games
I got really good at designing games involving competition for scarce
involving competition for scarce
involving competition for scarce resources when my partners and I cashed
resources when my partners and I cashed
resources when my partners and I cashed out with a million dollars each I
out with a million dollars each I
out with a million dollars each I doubled down on my fantasy world I
doubled down on my fantasy world I
doubled down on my fantasy world I invested in startups and gambled on
invested in startups and gambled on
invested in startups and gambled on high-flying internet stocks even after
high-flying internet stocks even after
high-flying internet stocks even after the web bubble burst I traveled the
the web bubble burst I traveled the
the web bubble burst I traveled the world for three straight years on the
world for three straight years on the
world for three straight years on the professional poker circuit which at the
professional poker circuit which at the
professional poker circuit which at the time was anything but professional it
time was anything but professional it
time was anything but professional it felt more like an endless traveling
felt more like an endless traveling
felt more like an endless traveling summer camp with characters straight out
summer camp with characters straight out
summer camp with characters straight out of the movies after two full years of
of the movies after two full years of
of the movies after two full years of travel my best friend challenged me to
travel my best friend challenged me to
travel my best friend challenged me to an adventure let’s spend the next year
an adventure let’s spend the next year
an adventure let’s spend the next year touring the United States in an RV
touring the United States in an RV
touring the United States in an RV attending sporting events and playing
attending sporting events and playing
attending sporting events and playing games I quickly called his bluff and
games I quickly called his bluff and
games I quickly called his bluff and thus was born the ultimate sports
thus was born the ultimate sports
thus was born the ultimate sports adventure which is wow I found myself in
adventure which is wow I found myself in
adventure which is wow I found myself in Charlottesville for the first time in
Charlottesville for the first time in
Charlottesville for the first time in the fall of 2003 we were coming to watch
the fall of 2003 we were coming to watch
the fall of 2003 we were coming to watch a Wahoo homecoming game
a Wahoo homecoming game
a Wahoo homecoming game see what other fun we could have the
see what other fun we could have the
see what other fun we could have the betahaus adopted us for the weekend and
betahaus adopted us for the weekend and
betahaus adopted us for the weekend and let us park the RV on their front lawn
let us park the RV on their front lawn
let us park the RV on their front lawn the fraternity brothers schooled us in
the fraternity brothers schooled us in
the fraternity brothers schooled us in beer pong and other local traditions
beer pong and other local traditions
beer pong and other local traditions like late-night Gus burgers at white
like late-night Gus burgers at white
like late-night Gus burgers at white spot making money was always easy for me
spot making money was always easy for me
spot making money was always easy for me easy come easy go I always knew I could
easy come easy go I always knew I could
easy come easy go I always knew I could make more if it ran out so after the RV
make more if it ran out so after the RV
make more if it ran out so after the RV trip instead of hoarding what was left
trip instead of hoarding what was left
trip instead of hoarding what was left in my original fortune I used it to
in my original fortune I used it to
in my original fortune I used it to support myself and launch a new company
support myself and launch a new company
support myself and launch a new company and play some more poker as the startup
and play some more poker as the startup
and play some more poker as the startup was failing and my bankroll dwindling I
was failing and my bankroll dwindling I
was failing and my bankroll dwindling I entered a world series of poker
entered a world series of poker
entered a world series of poker tournament three days later I walked
tournament three days later I walked
tournament three days later I walked away a world champion with with $350,000
away a world champion with with $350,000
away a world champion with with $350,000 in cash in my pocket that wind sustained
in cash in my pocket that wind sustained
in cash in my pocket that wind sustained me until one of my early angel
me until one of my early angel
me until one of my early angel investments began to pay off in 2002 I
investments began to pay off in 2002 I
investments began to pay off in 2002 I had invested $50,000 to help launch an
had invested $50,000 to help launch an
had invested $50,000 to help launch an online poker site called Full Tilt Poker
online poker site called Full Tilt Poker
online poker site called Full Tilt Poker by 2007 we were making so much money
by 2007 we were making so much money
by 2007 we were making so much money that we began distributing dividend
that we began distributing dividend
that we began distributing dividend checks to investors I went from near
checks to investors I went from near
checks to investors I went from near broke to suddenly making two hundred and
broke to suddenly making two hundred and
broke to suddenly making two hundred and fifty thousand dollars a month I was
fifty thousand dollars a month I was
fifty thousand dollars a month I was flying in private jets and I was
flying in private jets and I was
flying in private jets and I was partying like a rock star and despite
partying like a rock star and despite
partying like a rock star and despite the egregious displays of wealth at
the egregious displays of wealth at
the egregious displays of wealth at times I like to think I spent my money
times I like to think I spent my money
times I like to think I spent my money on many of the right things I’ve donated
on many of the right things I’ve donated
on many of the right things I’ve donated and raised millions of dollars for
and raised millions of dollars for
and raised millions of dollars for various charities that I’m passionate
various charities that I’m passionate
various charities that I’m passionate about I invested in dozens of
about I invested in dozens of
about I invested in dozens of entrepreneurs and I’ve helped mentor
entrepreneurs and I’ve helped mentor
entrepreneurs and I’ve helped mentor many hundreds more I treated my friends
many hundreds more I treated my friends
many hundreds more I treated my friends and family to luxuries they couldn’t and
and family to luxuries they couldn’t and
and family to luxuries they couldn’t and wouldn’t spend on themselves but years
wouldn’t spend on themselves but years
wouldn’t spend on themselves but years of treating money like a game had taken
of treating money like a game had taken
of treating money like a game had taken a toll on my compassion and my basic
a toll on my compassion and my basic
a toll on my compassion and my basic motivations as a poker player I’m
motivations as a poker player I’m
motivations as a poker player I’m required to exploit your
required to exploit your
required to exploit your and your fear as a venture capitalist
and your fear as a venture capitalist
and your fear as a venture capitalist it’s impossible not to capitalize on
it’s impossible not to capitalize on
it’s impossible not to capitalize on your inexperience and your desperation
your inexperience and your desperation
your inexperience and your desperation to get my money as a game designer I
to get my money as a game designer I
to get my money as a game designer I became a master of engineering and
became a master of engineering and
became a master of engineering and senta’s to get the economic behaviors I
senta’s to get the economic behaviors I
senta’s to get the economic behaviors I want out of you regardless of how your
want out of you regardless of how your
want out of you regardless of how your behaviors will make you feel and well I
behaviors will make you feel and well I
behaviors will make you feel and well I rarely use these skills in intentionally
rarely use these skills in intentionally
rarely use these skills in intentionally harmful ways I became callous and
harmful ways I became callous and
harmful ways I became callous and unconscious to how people feel about
unconscious to how people feel about
unconscious to how people feel about money and how they felt about my
money and how they felt about my
money and how they felt about my behaviors by the time my financial hot
behaviors by the time my financial hot
behaviors by the time my financial hot streak ended at the age of 43 years old
streak ended at the age of 43 years old
streak ended at the age of 43 years old Full Tilt Poker had earned me nearly 12
Full Tilt Poker had earned me nearly 12
Full Tilt Poker had earned me nearly 12 million dollars and I was sitting on an
million dollars and I was sitting on an
million dollars and I was sitting on an estimated hundred million dollars in
estimated hundred million dollars in
estimated hundred million dollars in equity then in April of 2011 the United
equity then in April of 2011 the United
equity then in April of 2011 the United States Department of Justice issued
States Department of Justice issued
States Department of Justice issued indictments for illegal gambling and
indictments for illegal gambling and
indictments for illegal gambling and fraud the accused Full Tilt Poker of
fraud the accused Full Tilt Poker of
fraud the accused Full Tilt Poker of being a global Ponzi scheme by October I
being a global Ponzi scheme by October I
being a global Ponzi scheme by October I was named personally in the lawsuit and
was named personally in the lawsuit and
was named personally in the lawsuit and by January things were looking quite
by January things were looking quite
by January things were looking quite bleak my sole source of income and the
bleak my sole source of income and the
bleak my sole source of income and the vast majority of my assets were gone
vast majority of my assets were gone
vast majority of my assets were gone several of my very closest friends
several of my very closest friends
several of my very closest friends stopped speaking to me by year end my
stopped speaking to me by year end my
stopped speaking to me by year end my wife and I were fighting and I was
wife and I were fighting and I was
wife and I were fighting and I was starting to exhibit manic and highly
starting to exhibit manic and highly
starting to exhibit manic and highly delusional behavior for the first time
delusional behavior for the first time
delusional behavior for the first time in my life early in the new year I woke
in my life early in the new year I woke
in my life early in the new year I woke up in a hospital psych ward in a
up in a hospital psych ward in a
up in a hospital psych ward in a paranoid psychotic state trying to
paranoid psychotic state trying to
paranoid psychotic state trying to figure out the key to the game to get
figure out the key to the game to get
figure out the key to the game to get myself released not realizing I’d
myself released not realizing I’d
myself released not realizing I’d actually signed myself in the night
actually signed myself in the night
actually signed myself in the night before and I was free to go at any time
before and I was free to go at any time
before and I was free to go at any time and while I wish I could say this
and while I wish I could say this
and while I wish I could say this experience taught me my lesson about the
experience taught me my lesson about the
experience taught me my lesson about the dehumanizing effect money has it didn’t
dehumanizing effect money has it didn’t
dehumanizing effect money has it didn’t not right away
not right away
not right away playing only for myself the stakes never
playing only for myself the stakes never
playing only for myself the stakes never felt high not high enough to look in the
felt high not high enough to look in the
felt high not high enough to look in the mirror I guess I was afraid to see what
mirror I guess I was afraid to see what
mirror I guess I was afraid to see what I might see it was only after starting a
I might see it was only after starting a
I might see it was only after starting a family that I realized how every little
family that I realized how every little
family that I realized how every little action every intention was being
action every intention was being
action every intention was being absorbed and imitated how my own
absorbed and imitated how my own
absorbed and imitated how my own gamification of life of human emotion
gamification of life of human emotion
gamification of life of human emotion and not being radically honest with
and not being radically honest with
and not being radically honest with myself all of this would lead to
myself all of this would lead to
myself all of this would lead to recapitulation of my own traumas in my
recapitulation of my own traumas in my
recapitulation of my own traumas in my kids so we asked for help from a
kids so we asked for help from a
kids so we asked for help from a community of people who like myself were
community of people who like myself were
community of people who like myself were ready for change beginning with
ready for change beginning with
ready for change beginning with ourselves as a community we hold up the
ourselves as a community we hold up the
ourselves as a community we hold up the mirror for each other
mirror for each other
mirror for each other not because there’s any financial
not because there’s any financial
not because there’s any financial incentive but because we care about each
incentive but because we care about each
incentive but because we care about each other
other
other one of the main truths that’s been hard
one of the main truths that’s been hard
one of the main truths that’s been hard for me to look at is the overwhelming
for me to look at is the overwhelming
for me to look at is the overwhelming power money has to hijack my neurology
power money has to hijack my neurology
power money has to hijack my neurology and keep me operating from fear greed an
and keep me operating from fear greed an
and keep me operating from fear greed an emotional disconnection long past the
emotional disconnection long past the
emotional disconnection long past the point of rational self-interest allow me
point of rational self-interest allow me
point of rational self-interest allow me to illustrate what I mean
to illustrate what I mean
to illustrate what I mean right now there are 7.5 billion people
right now there are 7.5 billion people
right now there are 7.5 billion people on the planet with nearly half of us
on the planet with nearly half of us
on the planet with nearly half of us living on less than two dollars and 50
living on less than two dollars and 50
living on less than two dollars and 50 cents a day yet there’s an estimated two
cents a day yet there’s an estimated two
cents a day yet there’s an estimated two hundred and fifty trillion dollars in
hundred and fifty trillion dollars in
hundred and fifty trillion dollars in excess wealth being hoarded around the
excess wealth being hoarded around the
excess wealth being hoarded around the world we produce enough food to feed 10
world we produce enough food to feed 10
world we produce enough food to feed 10 billion people and yet malnutrition and
billion people and yet malnutrition and
billion people and yet malnutrition and starvation are still realities for many
starvation are still realities for many
starvation are still realities for many and the United States and Europe there
and the United States and Europe there
and the United States and Europe there are 7 million people without homes about
are 7 million people without homes about
are 7 million people without homes about 30 million homes sit vacant the level of
30 million homes sit vacant the level of
30 million homes sit vacant the level of suffering behind these numbers is
suffering behind these numbers is
suffering behind these numbers is staggering but it’s hard for me to
staggering but it’s hard for me to
staggering but it’s hard for me to really feel this can you can you I
really feel this can you can you I
really feel this can you can you I assume most of us here have homes and
assume most of us here have homes and
assume most of us here have homes and are not undernourished by a show of
are not undernourished by a show of
are not undernourished by a show of hands who has walked past a homeless
hands who has walked past a homeless
hands who has walked past a homeless person asking for yourself for your help
person asking for yourself for your help
person asking for yourself for your help yearning for human connection
yearning for human connection
yearning for human connection and you walked right on by without even
and you walked right on by without even
and you walked right on by without even as much as eye contact look around okay
as much as eye contact look around okay
as much as eye contact look around okay evolutionary biology explains the
evolutionary biology explains the
evolutionary biology explains the disconnect clearly how we’re wired to
disconnect clearly how we’re wired to
disconnect clearly how we’re wired to fend for ourselves and our kin while
fend for ourselves and our kin while
fend for ourselves and our kin while ignoring the needs of everyone else but
ignoring the needs of everyone else but
ignoring the needs of everyone else but emerging neuroscience is also clear on
emerging neuroscience is also clear on
emerging neuroscience is also clear on how we’re hardwired for empathy giving
how we’re hardwired for empathy giving
how we’re hardwired for empathy giving and self-sacrifice furthermore we’re
and self-sacrifice furthermore we’re
and self-sacrifice furthermore we’re finding out just how malleable our
finding out just how malleable our
finding out just how malleable our entire neurobiology really is well into
entire neurobiology really is well into
entire neurobiology really is well into adulthood and old age so what if what if
adulthood and old age so what if what if
adulthood and old age so what if what if we could reprogram our brains and our
we could reprogram our brains and our
we could reprogram our brains and our behaviors to tap into this ability to
behaviors to tap into this ability to
behaviors to tap into this ability to feel compassion for people everywhere
feel compassion for people everywhere
feel compassion for people everywhere regardless of how we’re related is it
regardless of how we’re related is it
regardless of how we’re related is it possible to create money which supports
possible to create money which supports
possible to create money which supports and enhances our empathy and reflects
and enhances our empathy and reflects
and enhances our empathy and reflects the value created by helping each other
the value created by helping each other
the value created by helping each other because we care I believe this is
because we care I believe this is
because we care I believe this is possible but unless we pause and take an
possible but unless we pause and take an
possible but unless we pause and take an honest look in the mirror and reflect on
honest look in the mirror and reflect on
honest look in the mirror and reflect on our own personal roles and the global
our own personal roles and the global
our own personal roles and the global mess we’re in if we can’t do that we’re
mess we’re in if we can’t do that we’re
mess we’re in if we can’t do that we’re never gonna form the neural connections
never gonna form the neural connections
never gonna form the neural connections necessary to see and feel the path
necessary to see and feel the path
necessary to see and feel the path forward
forward
forward Einstein said no problem can be solved
Einstein said no problem can be solved
Einstein said no problem can be solved with the same level of consciousness
with the same level of consciousness
with the same level of consciousness that created it so I’m gonna hold up a
that created it so I’m gonna hold up a
that created it so I’m gonna hold up a mirror and reflect for you one of the
mirror and reflect for you one of the
mirror and reflect for you one of the ways money works to hijack our humanity
ways money works to hijack our humanity
ways money works to hijack our humanity I don’t know you or trust you but you
I don’t know you or trust you but you
I don’t know you or trust you but you have something I want like food so I
have something I want like food so I
have something I want like food so I give you a piece of paper and you feed
give you a piece of paper and you feed
give you a piece of paper and you feed me later you take that piece of paper
me later you take that piece of paper
me later you take that piece of paper you give it back to me so I will let you
you give it back to me so I will let you
you give it back to me so I will let you sleep in my house this confidence game
sleep in my house this confidence game
sleep in my house this confidence game is the basis for the entire global
is the basis for the entire global
is the basis for the entire global economy money allows us to cooperate
economy money allows us to cooperate
economy money allows us to cooperate while keeping complete emotional
while keeping complete emotional
while keeping complete emotional distance from one another and the more
distance from one another and the more
distance from one another and the more we actually do care the more
we actually do care the more
we actually do care the more complicating and hurtful money can
complicating and hurtful money can
complicating and hurtful money can become
become
become cryptocurrency is a new form of digital
cryptocurrency is a new form of digital
cryptocurrency is a new form of digital money if you’ve heard of Bitcoin it’s
money if you’ve heard of Bitcoin it’s
money if you’ve heard of Bitcoin it’s the original cryptocurrency you might
the original cryptocurrency you might
the original cryptocurrency you might have also heard of an internet
have also heard of an internet
have also heard of an internet technology called the blockchain
technology called the blockchain
technology called the blockchain blockchain and crypto currencies they’re
blockchain and crypto currencies they’re
blockchain and crypto currencies they’re one in the same without one the other
one in the same without one the other
one in the same without one the other doesn’t exist
I’d initially heard about Bitcoin from a
I’d initially heard about Bitcoin from a colleague I’d helped hire at Full Tilt
colleague I’d helped hire at Full Tilt
colleague I’d helped hire at Full Tilt Poker and I was instantly hooked a
Poker and I was instantly hooked a
Poker and I was instantly hooked a viscerally understood the appeal of
viscerally understood the appeal of
viscerally understood the appeal of money that wasn’t controlled by
money that wasn’t controlled by
money that wasn’t controlled by governments or banks too big to fail but
governments or banks too big to fail but
governments or banks too big to fail but instead money controlled by a
instead money controlled by a
instead money controlled by a decentralized protocol much like the
decentralized protocol much like the
decentralized protocol much like the Internet itself a protocol that no one
Internet itself a protocol that no one
Internet itself a protocol that no one person or institution can change
person or institution can change
person or institution can change unilaterally and frankly which is as
unilaterally and frankly which is as
unilaterally and frankly which is as unstoppable as the internet itself as a
unstoppable as the internet itself as a
unstoppable as the internet itself as a game designer and computer programmer
game designer and computer programmer
game designer and computer programmer myself I saw the genius of the Bitcoin
myself I saw the genius of the Bitcoin
myself I saw the genius of the Bitcoin protocol it’s a competition for scarce
protocol it’s a competition for scarce
protocol it’s a competition for scarce resources a race to solve a
resources a race to solve a
resources a race to solve a cryptographic puzzle wherein the winner
cryptographic puzzle wherein the winner
cryptographic puzzle wherein the winner is rewarded in Bitcoin then immediately
is rewarded in Bitcoin then immediately
is rewarded in Bitcoin then immediately a new game begins with an even harder
a new game begins with an even harder
a new game begins with an even harder puzzle as the game goes on it requires
puzzle as the game goes on it requires
puzzle as the game goes on it requires exponentially more computing resources
exponentially more computing resources
exponentially more computing resources yet the size of the reward diminishes
yet the size of the reward diminishes
yet the size of the reward diminishes over time and here’s the kicker the
over time and here’s the kicker the
over time and here’s the kicker the Bitcoin protocol sets a hard limit of 21
Bitcoin protocol sets a hard limit of 21
Bitcoin protocol sets a hard limit of 21 million bitcoins ever in existence so as
million bitcoins ever in existence so as
million bitcoins ever in existence so as long as there’s demand and people keep
long as there’s demand and people keep
long as there’s demand and people keep playing the game the market price for
playing the game the market price for
playing the game the market price for Bitcoin is guaranteed to rise and when
Bitcoin is guaranteed to rise and when
Bitcoin is guaranteed to rise and when prices rise demand increases and more
prices rise demand increases and more
prices rise demand increases and more people want to play the game the CEO of
people want to play the game the CEO of
people want to play the game the CEO of JP Morgan and other finance ears have
JP Morgan and other finance ears have
JP Morgan and other finance ears have called Bitcoin a fraud and in a sense
called Bitcoin a fraud and in a sense
called Bitcoin a fraud and in a sense they’re right we buy Bitcoin speculating
they’re right we buy Bitcoin speculating
they’re right we buy Bitcoin speculating it will go up in value so we can sell it
it will go up in value so we can sell it
it will go up in value so we can sell it to someone who’s speculating on just the
to someone who’s speculating on just the
to someone who’s speculating on just the same thing but enough hole if enough
same thing but enough hole if enough
same thing but enough hole if enough holders of bitcoins stop believing it
holders of bitcoins stop believing it
holders of bitcoins stop believing it has value it will crash and become
has value it will crash and become
has value it will crash and become worthless in this way bitcoin is fraud
worthless in this way bitcoin is fraud
worthless in this way bitcoin is fraud just like
just like
just like the usdollar economists will argue the
the usdollar economists will argue the
the usdollar economists will argue the dollar is backed by The Full Faith and
dollar is backed by The Full Faith and
dollar is backed by The Full Faith and Credit of the government but as we all
Credit of the government but as we all
Credit of the government but as we all know from the latest financial crisis
know from the latest financial crisis
know from the latest financial crisis and the 20 trillion dollars of national
and the 20 trillion dollars of national
and the 20 trillion dollars of national debt that we have there’s not much faith
debt that we have there’s not much faith
debt that we have there’s not much faith or credit left Bitcoin on the other hand
or credit left Bitcoin on the other hand
or credit left Bitcoin on the other hand is backed by something way more bankable
is backed by something way more bankable
is backed by something way more bankable human greed and the fear of missing out
human greed and the fear of missing out
human greed and the fear of missing out on the next price increase as the
on the next price increase as the
on the next price increase as the Bitcoin protocol was copied and modified
Bitcoin protocol was copied and modified
Bitcoin protocol was copied and modified different strains of cryptocurrency have
different strains of cryptocurrency have
different strains of cryptocurrency have evolved with more sophisticated
evolved with more sophisticated
evolved with more sophisticated protocols these protocols do add
protocols these protocols do add
protocols these protocols do add fundamental value to the currency I love
fundamental value to the currency I love
fundamental value to the currency I love how if you hold file coin for instance
how if you hold file coin for instance
how if you hold file coin for instance you hold the right to exchange it for
you hold the right to exchange it for
you hold the right to exchange it for cloud-based file storage other
cloud-based file storage other
cloud-based file storage other cryptocurrencies
cryptocurrencies
cryptocurrencies are backed by uber style ride-sharing
are backed by uber style ride-sharing
are backed by uber style ride-sharing creative content and real estate so if
creative content and real estate so if
creative content and real estate so if you get stuck holding these currencies
you get stuck holding these currencies
you get stuck holding these currencies when their market price crashes at least
when their market price crashes at least
when their market price crashes at least you can redeem them for the underlying
you can redeem them for the underlying
you can redeem them for the underlying thing of value backing the currency with
thing of value backing the currency with
thing of value backing the currency with cryptocurrency I don’t have to have
cryptocurrency I don’t have to have
cryptocurrency I don’t have to have faith because I have collateral the
faith because I have collateral the
faith because I have collateral the promise of cryptocurrency is to create
promise of cryptocurrency is to create
promise of cryptocurrency is to create jobs and liberate us from the economic
jobs and liberate us from the economic
jobs and liberate us from the economic shackles of government controlled money
shackles of government controlled money
shackles of government controlled money is both fascinating and exhilarating to
is both fascinating and exhilarating to
is both fascinating and exhilarating to me but if we remain in denial about the
me but if we remain in denial about the
me but if we remain in denial about the neurobiology and the unconscious
neurobiology and the unconscious
neurobiology and the unconscious motivators involved we’re gonna
motivators involved we’re gonna
motivators involved we’re gonna accelerate the collateral damage created
accelerate the collateral damage created
accelerate the collateral damage created by money 1.0 we’re just now learning how
by money 1.0 we’re just now learning how
by money 1.0 we’re just now learning how thoroughly
thoroughly
thoroughly social media hijacks our brain’s reward
social media hijacks our brain’s reward
social media hijacks our brain’s reward systems and our fight-or-flight
systems and our fight-or-flight
systems and our fight-or-flight responses and now we’re adding rocket
responses and now we’re adding rocket
responses and now we’re adding rocket fuel to the mix and the pace of growth
fuel to the mix and the pace of growth
fuel to the mix and the pace of growth in cryptos is actually a bit frightening
in cryptos is actually a bit frightening
in cryptos is actually a bit frightening in 2011 when I first got involved the
in 2011 when I first got involved the
in 2011 when I first got involved the market value of Bitcoin was about 40
market value of Bitcoin was about 40
market value of Bitcoin was about 40 million dollars and it was the only
million dollars and it was the only
million dollars and it was the only cryptocurrency around at the time now
cryptocurrency around at the time now
cryptocurrency around at the time now there are over a thousand different
there are over a thousand different
there are over a thousand different kinds of cryptocurrency and their value
kinds of cryptocurrency and their value
kinds of cryptocurrency and their value has ballooned to just under 200 billion
has ballooned to just under 200 billion
has ballooned to just under 200 billion dollars as of today if the current
dollars as of today if the current
dollars as of today if the current exponential growth
exponential growth
exponential growth continues for just another six more
continues for just another six more
continues for just another six more years cryptocurrencies will surpass the
years cryptocurrencies will surpass the
years cryptocurrencies will surpass the value of all traditional money combined
value of all traditional money combined
value of all traditional money combined perhaps this is why JPMorgan and every
perhaps this is why JPMorgan and every
perhaps this is why JPMorgan and every major financial interest institution on
major financial interest institution on
major financial interest institution on the planet is experimenting with an
the planet is experimenting with an
the planet is experimenting with an investing in cryptocurrency despite
investing in cryptocurrency despite
investing in cryptocurrency despite their claims that it’s a fraud and
their claims that it’s a fraud and
their claims that it’s a fraud and perhaps this is also why citizens of
perhaps this is also why citizens of
perhaps this is also why citizens of countries like Zimbabwe and Venezuela
countries like Zimbabwe and Venezuela
countries like Zimbabwe and Venezuela are adopting Bitcoin as their currency
are adopting Bitcoin as their currency
are adopting Bitcoin as their currency of choice and why the head of the IMF
of choice and why the head of the IMF
of choice and why the head of the IMF the International Monetary Fund is now
the International Monetary Fund is now
the International Monetary Fund is now talking publicly about the end of
talking publicly about the end of
talking publicly about the end of banking and the inevitable triumph of
banking and the inevitable triumph of
banking and the inevitable triumph of cryptocurrency while I have my doubts
cryptocurrency while I have my doubts
cryptocurrency while I have my doubts about Bitcoin itself I have no doubts
about Bitcoin itself I have no doubts
about Bitcoin itself I have no doubts the cryptocurrencies are the future of
the cryptocurrencies are the future of
the cryptocurrencies are the future of money but like all technologies Kryptos
money but like all technologies Kryptos
money but like all technologies Kryptos are a reflection of the values held by
are a reflection of the values held by
are a reflection of the values held by their creators and their users if you
their creators and their users if you
their creators and their users if you had the power to redesign money would it
had the power to redesign money would it
had the power to redesign money would it be your priority to enable faster
be your priority to enable faster
be your priority to enable faster transactions commodifying everything and
transactions commodifying everything and
transactions commodifying everything and creating competition for artificially
creating competition for artificially
creating competition for artificially scarce resources or do you want your
scarce resources or do you want your
scarce resources or do you want your money to embody human values like social
money to embody human values like social
money to embody human values like social justice health creativity biodiversity
justice health creativity biodiversity
justice health creativity biodiversity we’re at the dawn of programmable money
we’re at the dawn of programmable money
we’re at the dawn of programmable money for the first time in history we have
for the first time in history we have
for the first time in history we have the power to change how it works and we
the power to change how it works and we
the power to change how it works and we don’t need permission from anybody else
don’t need permission from anybody else
don’t need permission from anybody else we can come together those of us who
we can come together those of us who
we can come together those of us who care and design currencies which serve
care and design currencies which serve
care and design currencies which serve our community needs which reflect our
our community needs which reflect our
our community needs which reflect our values and our priorities I have a lot
values and our priorities I have a lot
values and our priorities I have a lot of ideas what about a cancer coin which
of ideas what about a cancer coin which
of ideas what about a cancer coin which pays doctors and other healers for
pays doctors and other healers for
pays doctors and other healers for actually saving lives and for quality of
actually saving lives and for quality of
actually saving lives and for quality of life or a renewable energy coin which
life or a renewable energy coin which
life or a renewable energy coin which takes sunlight and converts it into
takes sunlight and converts it into
takes sunlight and converts it into universal basic income for everybody
universal basic income for everybody
universal basic income for everybody alive or how about a community based
alive or how about a community based
alive or how about a community based currency for social entrepreneurs to
currency for social entrepreneurs to
currency for social entrepreneurs to support one another and share in each
support one another and share in each
support one another and share in each other’s success these are all pasta
other’s success these are all pasta
other’s success these are all pasta but these are just ideas they don’t mean
but these are just ideas they don’t mean
but these are just ideas they don’t mean a hill of beans unless they reflect the
a hill of beans unless they reflect the
a hill of beans unless they reflect the actual values and priorities of the
actual values and priorities of the
actual values and priorities of the global community right now the global
global community right now the global
global community right now the global monetary system is being rebooted by
monetary system is being rebooted by
monetary system is being rebooted by software developers government agents
software developers government agents
software developers government agents and the Wolves of Wall Street and it’s
and the Wolves of Wall Street and it’s
and the Wolves of Wall Street and it’s happening at a staggering speed do you
happening at a staggering speed do you
happening at a staggering speed do you trust them to program money 2.0 with
trust them to program money 2.0 with
trust them to program money 2.0 with your values and your priorities we all
your values and your priorities we all
your values and your priorities we all need to participate especially those who
need to participate especially those who
need to participate especially those who feel disenfranchised by money who feel
feel disenfranchised by money who feel
feel disenfranchised by money who feel the dehumanizing effects who want
the dehumanizing effects who want
the dehumanizing effects who want tomorrow to be different than today if
tomorrow to be different than today if
tomorrow to be different than today if we’re gonna survive on this planet we
we’re gonna survive on this planet we
we’re gonna survive on this planet we need to wake up to reality we we already
need to wake up to reality we we already
need to wake up to reality we we already have enough material wealth to solve all
have enough material wealth to solve all
have enough material wealth to solve all of our economic problems overnight our
of our economic problems overnight our
of our economic problems overnight our problem is not an economic one our
problem is not an economic one our
problem is not an economic one our problem is we refuse to see and feel how
problem is we refuse to see and feel how
problem is we refuse to see and feel how utterly interdependent we all are in one
utterly interdependent we all are in one
utterly interdependent we all are in one another not just at the local level but
another not just at the local level but
another not just at the local level but globally as well I don’t know what this
globally as well I don’t know what this
globally as well I don’t know what this solution is but I know it starts with
solution is but I know it starts with
solution is but I know it starts with all of us coming together to cooperate
all of us coming together to cooperate
all of us coming together to cooperate not in a transactional way but in a
not in a transactional way but in a
not in a transactional way but in a human way
human way
human way not because we’re paid to do so but
not because we’re paid to do so but
not because we’re paid to do so but because we care about each other thank
because we care about each other thank
because we care about each other thank you
you
you [Applause]
”
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