bitcoin is having a very easy time
making an argument because our leaders
at this moment are so terrible
it’s still hard to make the argument but
it’s having a much easier time than it
would be having in any other period
where we had better leaders

 

 

you know if you think about how many
people were appreciative to paul volcker
for doing unpopular things that needed
to be done
no ringing ringing inflation out of a
system
i don’t know there is an older culture
that’s very hard to tell younger people
about which
you know part of it had to do with the
idea that the community keeps your
history and your story
right so that when somebody
you know meets you and you have the last
name lincoln
it means something you know you’re the
descendant of somebody who did something
very difficult and paid with his life
and do we look back on lincoln and
saying you know what a sucker
a guy a guy would you know set himself
up to be killed what a [ __ ]
if that’s where we are where we don’t
actually see
uh a role for public-spirited
individuals then
you know maybe maybe we should just do
bitcoin but
it’s not going to be a great
world i think it’s very important to
recognize that
bitcoin is having a very easy time
making an argument because our leaders
at this moment are so terrible
it’s still hard to make the argument but
it’s having a much easier time than it
would be having in any other period
where we had better leaders
but
the way i view bitcoin is that in many
ways it’s it’s just a play
um
on
on the incompetence and lack of ethics
of our banking class
we know they’re going to print
yeah we know that they can’t do anything
else
yes agreed um
and so
to your point about
those going into central banking that
are power hungry
yeah i think the bitcoin our answer to
this is like we’ll just close that
avenue
close the option as bring it down well
not burn it down just look here’s a
course of business it’s the biggest
business in the world all right all
right so close it down so we’ll not not
even close the day if you just if people
have an opportunity for banking if
people have an option
to hold the money they can’t be inflated
then just give people that option and
let the market sort it out and then the
and this is again
when that option is closed it’s like the
power hungry central banker doesn’t have
the option to go into that business
anymore and get rich so he’s going to go
do something non-coercive and presumably
okay i underst i understand the idea