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Dec. 16, 2024 - Freedomain Radio - Stefan Molyneux
03:22
Fooled by Hard Currency
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Alright, let me get to your comments.
I'm not going to do a super long show today, but I really do appreciate your support.
Don't forget, freedomain.com slash donate to help out the show.
How about a guarantee that a fool and his money are soon parted, or a fool in charge of a treasury will soon separate citizens from their dollar?
Yeah, somewhat.
Pretty amazing that it was written at least 2,000 years ago that God knew everyone would have live streaming tech to watch live events in Jerusalem.
Revelations, T1, King James Version.
Interesting.
I remember when I had Fiat saved and then Subway eliminated the $5 foot-long sandwich.
That's when I realized the loss of my savings purchasing power.
Yeah, for sure.
Kairos says, I would argue that hard currency also creates geniuses.
Having money that appreciates means you don't have to waste your brain digging ditches and engage in leisurely activities like reading.
Sorry, I think there's a typo in that.
All right.
Now at six figures or seven, what can you do with a Bitcoin?
Who will be able to buy one?
Adam's joke about a galactic PU. I don't know what that means.
The exchange rate was simple, but since you basically need your own stellar system to trade in for...
Okay, I don't know what you're talking about.
Sorry about that.
Sorry about that.
I can't follow.
All right.
If Bitcoin reaches the market cap of gold, that puts it at 904,000.
or was it El Salvador just found billions or trillions of dollars of gold or something like that right so right let's see here Thank you.
Bitcoin tends to lose 60 to 80% of its value every four years, true or false?
Well, until it gets institutionalized, right?
Any thoughts on Jordan Peterson leaving Canada?
Says it is turning into a totalitarian state.
I mean, I understand where he's coming from, and I understand where he's going to.
But I don't have any particular comments on it.
Steph had a tech background, understands the importance of the state not controlling currency.
There would be much debate in the future if Steph was in fact Satoshi Nakamoto.
That would be interesting.
That would be interesting.
But no.
No, it's not.
Not true.
I know, yeah.
A lot of Bitcoin influencer space never references Steph.
It's confusing and off-putting.
Oh, no.
I mean, that's the reputational splash damage.
I get that.
That's fine.
Argentina looking better.
I heard they eliminated their deficit.
Yeah, for sure.
Steph!
Son was injured in a serious bike crash last week.
It was terrible seeing him injured on the ground and unconscious.
At the hospital, he was out most of the time, but at one moment he suddenly opened his eyes and said, Dad, how are you feeling?
You okay?
That was really surreal and nearly brought me to tears, but looking back, I'm glad at this positive sign.
In his default mode, barely conscious, he had concern for his family.
Thanks for peaceful parenting.
He's getting better now, thank God.
Yeah, you know, I would rather be sick than watch a loved one be sick.
It's really tough.
It's really tough watching loved ones go through illnesses.
Illness isn't that bad when you're on the inside, but it's kind of tough to watch from the outside as a whole.
I mean, not all illnesses, but a lot, right?
Yeah, people trust employers to pay for their work after a month.
Yeah, that's right.
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