I think Argentina will drastically reduce government and not steal from their citizens nearly as much.

When I was there, it was clear that all foreign imports were taxed heavily. Macbooks there are like $3000. This is all value that's being stolen, in addition to the value stolen via inflation.

Bitcoin will be a part of an enormous economic reform program, I think.

Good question. I definitely think the dollar is one of the last ones standing. If the BRICS currency has convertibility, it has a chance at displacing the dollar at least in some places.

If there's demand, I'd love to make a study guide!

Thanks for your support.

What do you plan to do with the coins you have?

Fiat can certainly play fiat games with Bitcoin. For example the leverage that hedge funds and investment banks can use to pump or dump the price of Bitcoin can make Bitcoin seem more volatile than it is. There's also similar dynamics happening with altcoiners that use Bitcoin in their treasury like Luna or Celsius. Ultimately, though, the scarcity of Bitcoin is absolute and these fiat games that these organizations play have a finite shelf life. Hence, when the leverage is unwound, we get back to normalcy, so the damage, in other words, is temporary.

If they want to just playing around with it, play with a lightning wallet.

If they want to really learn about it, go read the Bitcoin Standard and other books.

I'm not sure I agree with the premise of the question. What is critical mass? Is it the point of no return when it's inevitable? In that case, I think Bitcoin has hit critical mass already. Is it when it's already won and everyone's using it? That, I think is just a matter of time.

Yea, he's on Twitter: https://twitter.com/CypherpunkCine

I don't eat breakfast, most days. So nothing.

Indeed fiat cars are trash. What's really terrible is that new types of transportation are made completely illegal because the bureaucratic state decides what cars people can have. Thus, there haven't really been innovations in cars because it would be too difficult to pass all the bureaucratic checks. And those regulations come from the incumbent car companies. They use the government to protect their racket.

As my friend Bitcoin Mechanic talked about in our episode about music, punk got really soft and became fiat. He should know, he was a punk musician. For more, check out the podcast. It's literally titled "Punk"

There are lightning donation options! https://pay.zaprite.com/pl_GqAy4R3xgA

That way, I can keep track of the amounts people are sending for this crowdfund specifically.

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I like CashApp, Strike, River and Swan as good experiences as they don't confuse people with altcoins. The last two are particularly good because they encourage self-custody and have good educational resources for it.

Thanks!

Few books really go into the fiat system, but a lot of Gary North's book is good. If I had to choose one book, it would be The Ethics of Money Production by Jorg Guido Hulsmann.

If they arrive on time! I'll deliver signed paper copies from the crowdfund.

I'll have other books available and you can pay via Zaprite (BTC, Lightning, Credit Card).

Depends on the timeframe. On a short timeframe, the inability to bring consumption forward through debt will hurt a lot of industries. But once a lot of these zombie companies, subsidized by fiat money die, then we'll see a lot better companies making more capital goods that produce more efficiently. So on a longer timeframe, I think we'll have way more wealth.

I'm using Zaprite. It takes Bitcoin and Lightning in addition to Stripe.

In this book? In my life? In Bitcoin? What context?

Nice title! Saifedean basically wrote a similar book, though ;)

Lightning, Bitcoin and Stripe are the payment options.

I think its a bit ironic that this question was sidestepped? @jimmysong , yet that is what you are saying Joe is doing with bitcoin.

I will just say for the record to make a statement about someone like Joe Rogan "Yet, Rogan's understanding of Bitcoin remains superficial." is somewhat speculative, no?

You frame it as fact, yet it is really just speculation on your part, for whatever reason?

Joe has done a lot for standing up for freedom and being an important non-msm voice on many topics especially in the recent covid era. Who cares if he doesn't want to talk about bitcoin on his show. He has demonstrated that he is a man of integrity.

just an opinion from someone on the internet.

be well @jimmysong

There are two types of deflation. Natural deflation, which is the decrease in prices as we get better technology and better processes for producing goods and services, which is good. The other deflation is monetary contraction, which happens at the back end of central bank monetary expansion. This is bad.

The stagnation happens under the second type of deflation. Bitcoin causes the first type.

For more, I suggest you read Peter St. Onge's excellent summation of the topic: https://www.profstonge.com/p/the-deflation-is-bad-myth