Wed, 20 June 2018
CW 1016 - Danger of Short-Term Trends, Turn Your Credit Card Into a Cryptocard, & Future of Artificial Intelligence with Digits Ben Way, Part 1
Jason Hartman starts off the show by discussing alligators, both real life ones and real estate ones, and how we need to avoid both. As we go through life, it's easy to look back and say "If only I'd invested then", so the current you should invest for the sake of future you.
Then, Jason talks with Ben Way, CEO of Digits, about how the future is going to look in the first part of their interview. The two start off discussing how Digits is going about turning regular credit cards into Cryptocards that allow you to spend your cryptocurrency but also hedge that purchase for a year. Then the two discuss the changes that automation is going to bring to our society.
[2:07] A trivia fact about real alligators, and avoiding real estate alligators
[5:07] The short term trends are what gets people, because you have to allow for 2-3 years
[10:19] Naresh's realization that real estate was a worthy investment
[14:11] Invest for your future because there will be a time that you will say "I wish I'd started back then"
Ben Way Interview, Part 1
[18:40] How Digits converts your existing credit cards into crypto cards and gives you up to a 1 year hedge on your currency
[21:55] How the 1 year hedge is made possible
[26:10] Every innovation leads people to fear that everyone was going to lose their job and be displaced, but it's never really happened. Is this time different?
[29:42] What people forget about automation