Dec. 5, 2024 - Freedomain Radio - Stefan Molyneux
04:35
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| Time | Text |
|---|---|
| Y'all wanted me to talk about Bitcoin. | |
| Well, here we go. | |
| Right, so let's look at the direct absolute price. | |
| But people were looking back on this kind of funny, right? | |
| Yeah, so it's $138,863. | |
| So that is the price of a Bitcoin, right? | |
| And what they do is they say, well, damn, man. | |
| I was just orange-pilling people a couple of nights ago, a big table of people. | |
| So, they say, oh, damn, by $138,000 and change, Canadian dollars, $138,000, I could buy a lot else with that. | |
| Right? | |
| Until they can't. | |
| Until it's get your precious time, your savings, your capital. | |
| Capital is your life. | |
| Get your capital on the blockchain, or it's gone. | |
| Get your capital on the blockchain, or it's gone. | |
| Then, they won't look at the price of a Bitcoin and say, well, that's pretty expensive relative to everything else I can buy. | |
| What they do is they look at the price of Bitcoin and say, it's that or nothing. | |
| If I have a million dollars saved and it's a million dollars of Bitcoin, I get a Bitcoin or I get nothing! | |
| Nothing! | |
| Nothing. | |
| Well, that's when people realize it's satoshis or bust. | |
| Thank you. | |
| Thank you. | |
| Now when that happens, it's going to be staggering. | |
| It's going to be staggering. | |
| drink. | |
| Wouldn't you throw a block party with food you knew you couldn't save or store? | |
| Right, so there's always the case where if there's some extended power outage in the summer, everybody has barbecues. | |
| Why? | |
| Because you might as well cook the food because you can't store it. | |
| Freezer's broken, fridge is broken, you might as well cook it and share it and write Nobody wants to cook up 50 burgers, but you might as well have a block party and have a bunch of burgers because otherwise you lose them. | |
| So cook them now because they're going rotten. | |
| Use them or lose them. | |
| It's like the people being chased by bandits in the past who would take their coins and just bury them somewhere in a field under a tree. | |
| The odds that they would survive, the odds that they would not be killed or kidnapped or sold into slavery, the odds, even if they were sold into slavery, that they'd ever get free and find their way back to the gold coins buried. | |
| And they still find them around the place. | |
| So, that they would ever get back and dig up that, the chances that they would... | |
| Get their money back? | |
| Are virtually zero. | |
| But they'll do it. | |
| But they'll do it. | |
| Because any chance is better than no chance. | |
| Right? | |
| If you're on a plane, and for some reason the plane It's flying up over water, right? | |
| It's flying up. | |
| And you say, well, shit, I've got to get out of the plane, right? | |
| For whatever reason, right? | |
| The plane's on fire or something. | |
| Okay, but the longer you wait, the tougher it is to jump, right? | |
| Because the more dangerous it is, right? | |
| So if you jump at 20 feet, you're probably okay. | |
| If you jump at 50, it's pretty bad. | |
| If you jump at 100, you might break a limb. | |
| If you jump at 1,000, maybe you'll die. | |
| I don't know. | |
| I'm not an expert on what happens when you jump into water, but I assume it's not great, right? | |
| When people get that it's Bitcoin or nothing, there will be a stampede, the likes of which we've never seen before in human history, because this stampede will be worldwide. | |
| Because, particularly if it's the US dollar, if the US dollar goes, the financial paroxysms that occur in the world economy will be so staggering that the idea that Bitcoin is risky, again, lifeboats are risky, compared to what? | |
| And the stampede will be shocking and difficult and dangerous. | |
| So, that's where I think things are. |
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