Video Description

In this video, I discuss how Bitcoin is antithetical to the violent redistribution of wealth, and dehumanizing fiat consumerist culture.

Bitcoin ties the hands of governments who want to pick the pockets of their populations through money printing and currency debasement.

Unlike fiat culture which encourages high time preference behavior and mindless consumerism, Bitcoin HODL culture encourages low time preference behavior, capital formation, and prioritizing people over possessions.

Hodling/saving is necessary for capital formation, which is essential for human ventures and flourishing. Bitcoin levels the economic playing field for 8 billion people, giving power even to people who live outside countries with relatively strong fiat currencies.

An economy on a Bitcoin standard will usher in a new cultural renaissance, similar to what the Florentine florin did for the Italian Renaissance.