Evidence receipt / belief
Published · transcript-backedVitalik Buterin: belief
18 Jul 2018 Conversations with Tyler Vitalik Buterin on Cryptoeconomics and Markets in Everything
“I think, even if cryptocurrencies by themselves do nothing, if there was an established equilibrium where they roughly grow at the same or similar rate as other things, as long as they grow in a way that’s at least somewhat uncorrelated from other things, then it makes sense from a pure portfolio theory to have some of your money in them.”
Source trail
Everything needed to verify it.
- Speaker
- Vitalik Buterin
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 18 Jul 2018
- Publisher
- Conversations with Tyler
Transcript context
…What do you think of the portfolio competition with gold theory? If you measure the total stock of gold out there, and then you conclude — don’t ask me how — “Well, people will want to shift 5 percent of that into crypto assets.” And you figure out the value of that. You then get an aggregate figure, not for any particular asset, but for crypto as a whole. Does that make sense to you, or do you think that’s a long-term fallacy? No, that’s definitely something that I’ve considered as well, and that’s part of what I mean when I talk about the store-of-value model. I think, even if cryptocurrencies by themselves do nothing, if there was an established equilibrium where they roughly grow at the same or similar rate as other things, as long as they grow in a way that’s at least somewhat uncorrelated from other things, then it makes sense from a pure portfolio theory to have some of your money in them. I definitely fully agree with that position. As you said, I reinvented it myself. In most of these sessions, we have a segment in the middle called overrated versus underrated. Are you game for doing this? Feel free to pass.…
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