Episode 26 - "Down at the Chinese Buffett"

Infinity License

We discuss Brian's recent trip to China and now since he has been there for two weeks is a certified Asia expert. The conversation follows silly anecdotes on how Brian broke his foot, to deep analysis on the definitions of communism and capitalism. We also cover the bull to bear run in Bitcoin over the past few weeks and debate over whether this might be a "Minsky Moment" for cryptocurrencies (https://en.wikipedia.org/wiki/Minsky_moment). Finally, there is a crypto-style parlay of a bet we made on the cast before this NFL season (Brian bet on the Dolphins to make the playoffs #dumb). Shoutout to our fans in Japan! We didn't visit you on our Asia tour, but we'll get to you next time. Show notes and time stamps: 0:00 - China trip recap 25:00 - minsky moment 32:30 - AFCrypto bet - Warren Buffett was announced as the face of Cherry Coke as it launched in China in April 2017. Berkshire Hathaway is the largest single shareholder in Coca-Cola, Buffett is a superstar in China, and apparently he personally loves Cherry Coke. How is he still that healthy. - The US has around 800 military bases abroad. Jesus! - The football bet is for ~0.061 ether, equivalent to $20 at the start of the 2017 NFL season.