Bitcoin and Wealth Redistribution

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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.

Not investment advice! Consult a financial advisor.

Bitcoin's HODL culture:
https://www.youtube.com/watch?v=78t9s2LrRWE&ab_channel=BitcoinUniversity

Monero Is Hot Potato Money:
https://www.youtube.com/watch?v=1LTT7wwyUAQ&ab_channel=BitcoinUniversity

Florentine gold florin:
https://en.wikipedia.org/wiki/Florin

The 10 Points of Marxism:
https://heidelblog.net/2014/02/the-ten-points-of-marxism/

California has spent billions to fight homelessness:
https://www.cnn.com/2023/07/11/us/california-homeless-spending/index.html

Warren Buffett says bitcoin is ‘probably rat poison squared’:
https://www.cnbc.com/2018/05/05/warren-buffett-says-bitcoin-is-probably-rat-poison-squared.html

Warren Buffett Says He Wouldn't Pay $25 For All The Bitcoin In The World:
https://finance.yahoo.com/news/warren-buffett-says-wouldnt-pay-175917403.html

Lake Bitcoin:
https://x.com/bullishguate/status/1808255552608203094

Bitcoin adoption in Nigeria:
https://www.nobsbitcoin.com/the-naira-crisis-is-fueling-bitcoin-adoption/

El Salvador adopts Bitcoin as legal tender:
https://www.npr.org/2021/09/07/1034838909/bitcoin-el-salvador-legal-tender-official-currency-cryptocurrency

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#fiat

Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. Receive SMS online on sms24.me

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