Episode Summary:
In this special uncut video episode, Decent Millionaire host Dara Albright and guest Mark Yusko Founder, CEO & CIO of Morgan Creek Capital, discuss why decentralized innovation is the most important, most lucrative, and most government-feared, innovation in the history of humanity. Mark provides invaluable insights into how decentralized innovation will impact education, jobs, and wealth creation. He also shares a few little-known secrets to successful venture investing.
Episode Highlights:
Why investors need to sharpen their philosophical skills, practice thinking and “imagine the unimaginable”
What OMGs (“Old Macro Guys”) see in bitcoin
How blockchain replaces trust with truth, unleashing a multitude of creativity and value
The exponential growth of networks and why they are the most powerful force in the world
Despite what “experts” tell us, there will actually be more – not fewer - jobs in the future, thanks to decentralized innovation
How decentralization increases the talent pool
Why “winners will not be the most learned but the ones with the greatest ability to re-learn”
How decentralization maximizes the revenue for many instead of a centralized few
Overcoming regulatory obstacles
Looking past cryptocurrency misinformation
“Banks have paid more in fines for crimes they admit to than the entire market cap of bitcoin”
Food for thought: Are incumbents paying for regulatory influence to slow innovation?
Why technology will inevitable win
What is the TruthNet?
“Innovation is hard to see in real time – it takes the ability to fail and a willing to suspend disbelief”
Valuing Decentralized Innovation:
Price does not equal value;
Why it is important for investors to embrace the differentiated idea: “if everyone believes it, it is already in the price”
Links to companies mentioned in this episode:
OnChainMonkey – a Web3 platform focusing on building wealth and enabling community members to make the changes in the world they wish to see.
Worthy Financial (Episode Sponsor) - Modern personal finance company that, via its subsidiaries, provides digital savings solutions, yield and liquidity to help consumers gather and grow their nest eggs.
Check out other episodes with Mark Yusko:
About The Decent Millionaire Podcast
The Decent Millionaire podcast (short for decentralized millionaire), hosted by fintech pundit Dara Albright, is an episodic podcast series that helps people discover the unprecedented wealth creating potential of decentralization, web3 & Participate2Earn Economics (P2E Economics for short). Whether you are an individual looking to learn how web3 can make you healthier, wealthier and wiser – without investing a dime; or whether you are a policymaker, financial professional or economist seeking to understand how this new macroeconomic framework will foster economic expansion, narrow wealth gaps, raise literacy rates, improve the healthcare system and ensure ample retirement savings for all, this is the podcast for you.
Decentralized Innovation: The Most Important, the Most Lucrative and the Most Government-Feared Innovation in the History of Humanity