Freedomain Radio - Stefan Molyneux - Fooled by Hard Currency
Aired: 2024-12-16
Duration: 03:22


=== Steph And Satoshi (02:20) ===

[00:00:00]  Alright, let me get to your comments.
[00:00:02]  I'm not going to do a super long show today, but I really do appreciate your support.
[00:00:05]  Don't forget, freedomain.com slash donate to help out the show.
[00:00:10]  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?
[00:00:17]  Yeah, somewhat.
[00:00:21]  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.
[00:00:27]  Revelations, T1, King James Version.
[00:00:30]  Interesting.
[00:00:33]  I remember when I had Fiat saved and then Subway eliminated the $5 foot-long sandwich.
[00:00:38]  That's when I realized the loss of my savings purchasing power.
[00:00:41]  Yeah, for sure.
[00:00:45]  Kairos says, I would argue that hard currency also creates geniuses.
[00:00:49]  Having money that appreciates means you don't have to waste your brain digging ditches and engage in leisurely activities like reading.
[00:00:58]  Sorry, I think there's a typo in that.
[00:01:02]  All right.
[00:01:03]  Now at six figures or seven, what can you do with a Bitcoin?
[00:01:08]  Who will be able to buy one?
[00:01:10]  Adam's joke about a galactic PU. I don't know what that means.
[00:01:14]  The exchange rate was simple, but since you basically need your own stellar system to trade in for...
[00:01:19]  Okay, I don't know what you're talking about.
[00:01:20]  Sorry about that.
[00:01:21]  Sorry about that.
[00:01:22]  I can't follow.
[00:01:23]  All right.
[00:01:27]  If Bitcoin reaches the market cap of gold, that puts it at 904,000.
[00:01:32]  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.
[00:01:49]  Bitcoin tends to lose 60 to 80% of its value every four years, true or false?
[00:01:53]  Well, until it gets institutionalized, right?
[00:01:55]  Any thoughts on Jordan Peterson leaving Canada?
[00:01:57]  Says it is turning into a totalitarian state.
[00:02:00]  I mean, I understand where he's coming from, and I understand where he's going to.
[00:02:04]  But I don't have any particular comments on it.
[00:02:07]  Steph had a tech background, understands the importance of the state not controlling currency.
[00:02:11]  There would be much debate in the future if Steph was in fact Satoshi Nakamoto.
[00:02:15]  That would be interesting.
[00:02:16]  That would be interesting.
[00:02:17]  But no.
[00:02:18]  No, it's not.
[00:02:19]  Not true.

=== Looking Back At Positives (01:02) ===

[00:02:20]  I know, yeah.
[00:02:21]  A lot of Bitcoin influencer space never references Steph.
[00:02:23]  It's confusing and off-putting.
[00:02:24]  Oh, no.
[00:02:25]  I mean, that's the reputational splash damage.
[00:02:26]  I get that.
[00:02:27]  That's fine.
[00:02:29]  Argentina looking better.
[00:02:30]  I heard they eliminated their deficit.
[00:02:31]  Yeah, for sure.
[00:02:36]  Steph!
[00:02:36]  Son was injured in a serious bike crash last week.
[00:02:39]  It was terrible seeing him injured on the ground and unconscious.
[00:02:42]  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?
[00:02:48]  You okay?
[00:02:49]  That was really surreal and nearly brought me to tears, but looking back, I'm glad at this positive sign.
[00:02:54]  In his default mode, barely conscious, he had concern for his family.
[00:02:57]  Thanks for peaceful parenting.
[00:02:58]  He's getting better now, thank God.
[00:03:00]  Yeah, you know, I would rather be sick than watch a loved one be sick.
[00:03:07]  It's really tough.
[00:03:08]  It's really tough watching loved ones go through illnesses.
[00:03:12]  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.
[00:03:16]  I mean, not all illnesses, but a lot, right?
[00:03:19]  Yeah, people trust employers to pay for their work after a month.
[00:03:21]  Yeah, that's right.