Top Three Videos – May 12, 2024

Bitcoin and gold offer a potential solution to the financial crisis and government debt issues, providing a decentralized alternative to the current corrupt and unsustainable monetary system.

The Impact of Bitcoin on Sound Money and Inflation

• Gold was sound money until Bitcoin came along, and now the stock to flow ratio of Bitcoin makes it even sounder.
• Bitcoin provides perfect information about the money supply and how it will change over time, with the ability to see all transactions on the Chain, making it an enormously valuable attribute of sound digital money.
• Going off the gold standard has allowed governments to behave increasingly recklessly, leading to inflation and the rich benefiting at the expense of the poor.
• The adoption curve of Bitcoin is expected to take it from today’s price to multiples of today’s price, potentially reaching $700,000 in 10 years and $7 million in 20 years.
• “We’ve won the war on reporting inflation. Actual inflation is much higher than reported inflation.”
• Bitcoin is digital sound money, vastly superior to gold in a transitioning digital world.
• “I can foresee a time in the future where quote unquote the dollar is failing. They’re printing a lot of money. There’s yield curve control inflation’s running 15 or 20% a year.”

   

The Future of Money and Decentralization

• “I think we are in an age of decentralization and these nation states don’t serve us anymore.”
• Wealth is really the goods and services, it’s a means to an end.
• “Money is superordinate to law, it’s the primary social agreement, it’s superordinate to government.”
• “When you have Fiat money, you get fake morals, you get fake everything.”
• Money comes into existence when we produce more than we consume, so production must precede consumption, not the opposite.
• Centralization is dangerous, as seen in World War II, and the decentralization brought by the internet and bitcoin is a savior of mankind.