Dec. 5, 2024 - Freedomain Radio - Stefan Molyneux
06:26
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| Time | Text |
|---|---|
| And, you know, again, I admire that level of dedication and all in itness. | |
| So, yeah, so right now, Bitcoin before was just nerdcore, hyper, random, Austrian, crack economics speculation. | |
| Now it's being positioned as, you know... | |
| Yeah, why not? | |
| Just put a percent or two in, whatever. | |
| Like, just get a little bit, get your foot in the door. | |
| And it is being positioned as a... | |
| A fun place to grow your money, but not as a hedge. | |
| And they say, well, it's a hedge against inflation and so on. | |
| But Bitcoin is not a hedge against inflation. | |
| Bitcoin is a lifeboat to fiat collapse, which is mathematically inevitable. | |
| You know, I'm not a great mathematician, to put it mildly, but I do understand the basic principle that that which cannot continue will not continue. | |
| Mathematically, that which cannot continue will not continue, right? | |
| If somebody says, I'm going to lose 10 pounds a month Forever? | |
| Well, it won't be forever, because at some point he's going to die from malnutrition, starvation. | |
| So, mathematically, that which Cannot continue, will not continue. | |
| Fear is going to zero. | |
| It always has. | |
| It always will. | |
| Fear is going to zero. | |
| But people don't get that yet. | |
| It's too much of a paradigm shift. | |
| And it's very tough for people to imagine how many people are lying to them. | |
| This is one of the big problems with propaganda. | |
| It's what happened with COVID and lots of other things as well. | |
| People cannot conceive of how much they're fucking lied to. | |
| See, most of us are surrounded by people who don't lie. | |
| I mean, maybe a little white lie here or there or whatever, but most of us are surrounded by people who aren't total fucking psychopathic, pathological liars, who will say anything, do anything without a shred of conscience or remorse. | |
| And it's tough to imagine that the matrix is simply composed of pathological liars. | |
| And it's hard for people to think that almost all the cultural and economic and political and academic and media forces around them are just pathological liars hell-bent on excavating every last shred of jewel-based kinetic economic energy from poor hapless serfs who are raised and trained to praise | |
| the liars who enslave them with the whips of falsehood and propaganda. | |
| They just, they can't wake up to that basic That just about everyone who is prominent is lying to them on a pathological, continuous, narcissistic, profit-based basis. | |
| It's too shocking. | |
| Because, you know, there's the people around you who are generally pretty nice and honorable and decent and reasonable and so on. | |
| And we're all just like mammals at the feet of these pathologically lying dinosaurs. | |
| Who exploit us through the swords of words on a daily basis. | |
| But again, there's an instinct for that. | |
| And when people wake up to the fact that the people who want to get to the lifeboats will absolutely tell you that the lifeboats are dangerous and that the Titanic... | |
| is fine. | |
| And the reason they're telling you that the lifeboats are dangerous and the Titanic is fine is that they want to get on the lifeboats and get the fuck away and leave you to drown. | |
| So, there's a tipping point from Abstract, uber-nerd, hardcore, Austrian-crack economic paranoia, which was sort of early Bitcoin, to, eh, you know, it's a rising acid, people seem to believe in it, we don't really get it, but it is kind of a store of value, it's kind of like the internet of money, and it's kind of like Electronic gold and just a bunch of nonsense and verbiage that people don't really get it, right? | |
| And so they're saying, well, carve off a little bit of a fear. | |
| Maybe this will be a decent hedge against some aspects of inflation. | |
| It's just, you know, it's a prudent thing. | |
| You put your eggs in a couple of different baskets and so on, right? | |
| And there's a couple of stages after that, but it tends to be very much a rapid acceleration after that. | |
| So after that, people start to get uneasy. | |
| Because they see that Bitcoin is going to continue to rise and fear that it's going to continue to fall. | |
| There's a 99.9% increase in the value of Bitcoin versus gold over the last decade. | |
| 99% increase just over the last five or six years with regards to real estate. | |
| So at some point, they're going to be like, holy shit! | |
| Value is sticking to Bitcoin like deadheads to a traveling band. | |
| Like, that's wild! | |
| And then they're gonna get a sense that the new economy is Bitcoin, and they're on the Titanic. | |
| And they realize, as their savings go from 20 to 15 to 10 to 5, that if they're gonna have anything, it has to be on the blockchain. | |
| If they're gonna have anything, It has to be on the blockchain. | |
| It's blockchain or bust. | |
| Blockchain is not just the lifeboats. | |
| Blockchain is the USS Enterprise. | |
| It is the star ship. | |
| And nobody wants to throw their kids down onto a lifeboat unless it's the only chance they have of living. | |
| So people are going to say, either I put what I have on the blockchain, or I have nothing. | |
| And then, at that point, they are no longer frightened of price. |
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