Indonesian Bitcoin specialist and educator Dea Rezkitha joins me for an in-depth conversation into how money has shaped historic political and economic power structures in Indonesia. Dea also looks forward to how Bitcoin can provide people with self-agency and greater resilience.
GUEST
Dea’s Twitter: https://twitter.com/dearezkitha Dea’s Linktree: https://linktr.ee/dearezkitha Dea’s Podcast: https://open.spotify.com/show/26NeuEm... Kelas Bitcoin: https://kelasbitcoin.com/ My Bitcoin Story: http://bit.ly/MyBitcoinStory
OUTLINE
00:00:00 “What is Money?” Intro 00:00:08 Kelas Bitcoin as an Indonesian-centric Resource for Bitcoin Newbies and Enthusiasts 00:03:47 Dalio’s Framework of The Big Cycle: Rises and Declines of Big Empires 00:09:47 Money as a Factor and Tool in the Changing World Order 00:12:16 The History of Indonesia as a Trading Port 00:17:37 How the Dutch Gained Control By Establishing VOC as the First Publicly Traded Company 00:22:00 NYDIG 00:23:08 How VOC as a Sovereign Power Built the Boats to Riches 00:28:55 Exploitation Using Short-Term Incentives To Create More Plantation Workers 00:33:32 “If You Can Control The Money, You Can Sculpt History” 00:40:35 Indonesia Transitioning From a Dutch Colony to the Japanese Occupation 00:51:40 Destabilizing the Indonesian Rupiah to Reclaim it as a Colony 00:58:17 Economic Consequences of Indonesia Having To Pay a 4.9 Billion Dutch War Debt 01:05:42 Constant Debasement of Rupiah Creates Hyperinflation of 500% in 1966 01:10:55 The State Grows while Money Associated with Capitalism Declines 01:14:58 Foreign Investment Opens with Cascades of Corruption and Control 01:19:53 “Life Finds a Way”: The Dynamic Nature of Markets During Booms and Busts 01:24:48 1997-98 Mark Larger Economic Contractions, Civil Unrest, and Political Fallout 01:28:54 Production vs. Consumption: Indonesia as a Microcosm of The Big Cycle 01:34:34 Post-Asian Financial Crisis and the Next Changing Order Away From Fiat 01:40:15 60% Unbanked in Indonesia: A Hole That Bitcoin Can Fill 01:43:51 Bitcoin is Boring Money: Safe, Resistant, and Harder to Confiscate 01:50:46 Indonesia is at a Crossroads Between CBDC and Bitcoin
reply