246. USD vs BTC: Debate with Brent Johnson

Can bitcoin actually replace the dollar? Saifedean debates USD enthusiast Brent Johnson in a Zero Hedge debate moderated by George Gammon.
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Saifedean’s first book, The Bitcoin Standard:
saifedean.com/t...
Saifedean’s second book, The Fiat Standard:
saifedean.com/t...
Saifedean’s third book, Principles of Economics:
saifedean.com/poe
Enjoyed this episode? Join Saifedean's online learning platform to take part in weekly podcast seminars, access Saifedean’s four online economics courses, and read his writing, including his new book, Principles of Economics! Find out more on Saifedean.com!

[@FredGarrett-q2t]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Natalie Rose Strayer for helping me achieve this

[@EricLopezzz]

I'm surprised that you just mentioned and recommended Natalie Strayer, I met her at a conference in 2018 and we have been working together ever since.

[@Tammyhowery]

The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

[@Rickmullins-j3r]

You trade with Natalie Strayer too? Wow that woman has been a blessing to me and my family.

[@Billy-Reeves]

I'm new at this, please how can I reach her?

[@StacyRose0]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.

[@AnthonyMark-n3x]

I'm thinking about beginning my investment journey, but I feel a bit overwhelmed and uncertain. Do you have any friendly tips or suggestions for people I could reach out to for guidance?

[@EvelynDorothy-k4i]

Consulting an expert when creating an investment portfolio is a wise choice, as the process can be quite complex.

[@OliviaJames-z8l]

It’s a smart decision to seek advice and guidance from financial experts like Alana Ringberg on how to adjust your investments.

[@EmmanuelFrank-g8r]

I’m happy to hear about your positive experience! As a beginner, I initially lost quite a bit until I started working with Mrs. Alana Ringberg, who appears on CNBC. She has effectively managed my portfolio and provided solid returns, and I truly appreciate her sincerity and genuine service.

[@PeterDuran-b4p]

Are you familiar with her? She’s incredible and has helped my spouse and me buy our home and car.

[@QueenOlivia-v3q]

Alana takes care of my investments, allowing me to relax at home and make weekly withdrawals without any trading expertise required. She handles everything independently.

[@satoshidownunder]

Brent in way over his head here. Domestication is the blindfold he wears and it going to cost him amd his family dearly. But as Jeff Booth says 'protocols dont come along very often and thats why most people cant see it coming'

[@Tenebrousable]

"just because..." repeated over and over again. Yeah. Yeah you're talking about the past without the perhaps the greatest innovation of mankind. So sad to see so shallow thinking.

[@jordancudney4173]

I just have to applaud your content man, well done. Long term investors know that the market and economy will eventually recover and investors should be prepared for that rebound. I made $180k in Bitcoin in 2021 before the market crash and now I am buying again adding more at a time. Having a good financial advisor like Aaron Charles will add to your success in the crypto market..

[@jordancudney4173]

He's mostly on Telegrams, using the user.

[@jordancudney4173]

@Aaronc01… that’s his name

[@jordancudney4173]

@Aaronc01 THAT IS HIS USER NAME🚀🚀🚀🚀

[@jordancudney4173]

@Aaronc01 that is his user name

[@utecatlett7443]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Aaron Charles. a widely known crypto consultant

[@BlackLabelExpat]

Saifedean bring better points to the table about why do we even consider gold as money because it was not declared by anyone but I can also agree with one thing Brent said about the need for short time preferences in a liquidly crunch. You still might need some fiat, gold coins, or a Rolex on hand if there is a market dip to get you through a month or two. BTC is amazing for long term time preferences but not always so on the short. Also Brent, no one said BTC is money because the price goes up.

[@JmurphOne]

Do you know what I've realised listening to people like Brent... I've learned that the best debate a 'Bitcoiner' can have about why it may not succeed is with another 'Bitcoiner'. I'm sorry, but I stopped listening at 33 minutes due to hearing Brent mentioning Tulips and question why Bitcoin is any better as a reserve currency than Nvidia stock. It's like there is an effort but reverts back to zero critical thinking happening it Brents head. Buy BTC. Bye.

[@gvictor]

it's purely a philosophical disagreement now, the fundamentals are not debatable. can you foresee a future different than what you were initially promised? those who can are orange-pilled, those who can't are Brent

[@themakerofmagic]

​@@gvictorthe last bull market converted me. I have a lot of hope. They will come for the price and they will stay for the revolution. The bear market will educate the next group of graduates.

[@MauriceWadley]

Technical analysis is a crucial part of understanding market trends, especially in the dynamic world of cryptocurrencies. Historically, Bitcoin (BTC) has experienced significant corrections, often around 30% or more, This pattern offers a valuable insight for strategic planning. Despite these trends, BTC is showing promising signs, potentially breaking through the 70k mark, demonstrating its resilience and potential for growth. While there are external factors, like ETFs, that could influence the market, these elements add to the dynamic nature of crypto....At the heart of this evolution is Alison Bruce Crypto, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.

[@tramhuynh8955]

Mrs Bruce have been my backbone for about a month now. she earned me many proflts.

[@CalvinCooper-k7t]

Got a chance to benefit from her services a few weeks ago and it has been a very smooth experience.

[@Adnancorner-p1h]

I’ve seen many positive comments about Alison Bruce. Can someone guide me on how to reach her?

[@BridgetteEstevane]

Everyone needs more than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.

[@MauriceWadley]

Alisonbruce… that’s her name on

[@derek.seaborn]

Attempting to be as neutral as possible here, Saifedean absolutely won this debate.

[@KittyCatClub526]

Dude is definitely great at what he does

[@davecorley5514]

I disagree. The debate simply raised further questions. That’s what all GREAT debates do. And this one was a great debate. Great debates are not “won” or lost” by the debaters or moderators. They raise even greater questions. The greatest question raised here is whether a statist economic network will prevail in the face of a perfectly networked, individually-owned currency. Saifedean answers this question late in the debate by suggesting that “new” state leaders will recognize the benefit of individually-owned currency and firm economic networks of “new” states that will overcome old “fiat” state economic networks. When will this happen? No answers here… but I think that will take centuries and wars and a new Declaration of Independence that re-states the sovereign and inalienable rights of an individual to life, liberty and property.

[@derek.seaborn]

@ well said. I just think Saif’s arguments were much stronger and better articulated. I agree that (good) debates are about discovering truth, not winning/losing.

[@JohnLyonsRealEstate]

Saifedean 💥

[@tedcarr]

Brent as unbelievably weak counter arguments. To summarize all his points, he's basically saying "the dollar won't go out without a fight!"

[@Dialin27]

casual

[@Tenebrousable]

Indeed. And as a fresh bitcoiner over 10 years ago, I could admit that argument. And I would know who would win that fight. Only thing in question, is how much and how long there will be blood in the streets.

[@JasonChen]

Saif won this one by a mile

[@Tenebrousable]

Oh yeah.

[@bitnova5]

Great debate! Thanks!! 💯🔥🔥🔥

[@caribgriot]

Brent you’re incorrect, it’s happened historically over and over. New technology replaces old inefficient and more flawed technology. Handwritten records, information, and stories persisted for a long period of time. Today information is freely disseminated in milliseconds. Things that humans have done for millennia will be done by AI and robots better and more efficiently by an order of magnitude. Just because something is big and it’s old doesn’t mean it will remain valuable in the minds of people. So anyone can build a better mousetrap in any industry but money, and specifically the USD which is an infant in terms.of the history of currency. The dollar has to go digital whether it’s in a dystopian doomed CBDC or it’s an already existing or future stable coin or it’s backed in whole or in part by bitcoin. The reality is that bitcoin is a superior hard money and technology with ethical and decentralized functionality.

[@caribgriot]

The mousetrap reference was a rhetorical question.

[@tomaszg1050]

Saif killed it on this one

[@freedomfight1933]

Brent keeps making points that show he doesn't understand what bitcoin actually is as a tool and technology. That's why it could win. Not because it's gone up in fiat price.

[@KittyCatClub526]

He kept repeatedly making that argument too, it was painful to watch

[@freedomfight1933]

@@KittyCatClub526 agreed, and i shared the video with another person who's main comment was that was a bit painfully circular. The most interesting part of the whole thing to me is that mainstream fiat people sort of think we're in prison and can't get out, lol

[@cam3ltow]

I’m favoured financially with Bitcoin ETFs,Thank you buddy.$63,700 biweekly profit regardless of how bad it gets on the economy

[@crystalsword16]

How please!? If it’s possible, I would appreciate if you show me how to go about it

[@cam3ltow]

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency,stocks,through the assistance of my discretionary fund manager,

[@cam3ltow]

Mr James Werden

[@mathewlebeh]

I’m not here to converse for him to testify just for what I’m sure of,he’s trustworthy and best option ever seen.

[@Robert29011]

Such a genuine personality!! He is really a good investment advisor. I was privileged to attend some of his seminars. That’s how I start my crypto investment.

[@kaig9707]

Brent clearly hasn’t come to the realization bitcoin will become the world reserve currency but sees the possibility. I wish the conversation was more revolved around what would happen to the Bitcoin price in a deleveraging event in the Eurodollar system. We know Bitcoin wins but being able to predict short term price decreases is valuable information.

[@JonMatcho]

Saif is F’ing brilliant! Brent’s arguments center around his statement “Historically people have not been free with freewill”, which is THE issue at hand.

[@silloh888]

Reallllly liked this one, sending to fiat friend who is basically a clone of Brent.

[@MrChuckomatic]

Safe is an optimist with good reason and this guy is a pessimist and thinks we are destined to be slaves forever. I like safe.

[@Barbarakaren7418]

Fantastic video🔥🔥! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

[@ramonsean-gx6qd]

Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.

[@TonyStanley-pn1bu]

If you are trading without a professional guide... Ah, I laugh, because you will stay where you are or even suffer huge losses that will prevent you from trading, this has been one of the biggest problems for new traders.

[@GuillaumeTheo-dk9ct]

I think l'm blessed if not I have met someone who is as spectacular as expert mrs Janet.. Highly recommended🙌

[@AustinTheory-eb1kg]

Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people

[@Nate-Ricardo199]

​​I'm also a huge beneficiary of her.. I thought myself and my family were the only ones enjoying Janet trade benefits...

[@MM-su9ew]

Brent stuck in tradfi---defending the fax machine !!!!!!!!

[@henry-d6k4z]

$100k is no longer enough to retire even in a LCOL area. Should definitely start expanding our horizons...

[@Carinzapien34]

I'm 37 and have been looking for ways to be successful, please how?? find additional sources of income; thus, I am looking at the stock market to fuel my retirement goal of $3 million.

[@FeliciaEmily-m2y]

I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..

[@MachHenry]

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

[@henry-d6k4z]

Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds... But miss harriet dixson, restored hope shes a good woman

[@henry-d6k4z]

$750k biweekly changed my mindset and behavior, my goals, my family and l've to say this video has inspired me a lot!!!!❤..

[@5KristynSanchez]

As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Seren Wintersun’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 732k. Kudos to the journey ahead!

[@5KristynSanchez]

SHE IS ON TELE GRAM.

[@5KristynSanchez]

@Serenwintersun

[@Conniemaher]

In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Seren’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.

[@79AdventureBaby]

Always backup your trading with a good strategy.

[@seandavis8930]

Nice, I was just hoding before I found Wintersun. In my opinion she is the very best out there.

[@joyjayant]

Fiat currency is a recent experiment, don't forget that. Society always wants the hardest money and Bitcoin is that money. Education is the key.

[@jshagenow]

I know Saif probably won’t read this comment but FWIW you did an excellent job on this one! I think what you said right at the end was absolutely spot on and I wish this other group I am in…The American Monetary Institute…would pick up what you are putting out… it would be really cool if would be willing to talk to them or if I could coordinate a talk with you and them…it seems like some of their group are open to Bitcoin but many are simply not sold and I think it is because of a lack of information vs an inherent opposition to Bitcoin? Anyway if you see this and are interested I would love to make it happen…even if it cost me some sats…

[@stevekalka3987]

Brent had absolutely no vision for anything other than the world as it exists right now.

[@boybata84]

Greatest debate

[@BTREZE]

Not the best guy to debate Safe, poor arguments but at the end is not fair because most of gold bugs or fiat advocates usually know a lot about their field of interest and little about bitcoin, Safe is an expert in both subjects. Anyway, still fun and enlightening to watch.

[@ugeneeeohmelboni965]

Brent is a dinosaur. He’s proved that not only in this debate, but all previous debates as well. He’s egotistical.

[@BlackLabelExpat]

I will also say I don’t see fiat going away fully, ever. Just like the arcade can issue tokens to play in there system, every sovereign government has the right and incentive to create their own currency, but it’s also up to the induvial to decide how much to hold.

[@21stCenturyEconomy]

Liquidity issues of debt-based fiat currencies will only help with adoption of hard money decentralized currencies like Bitcoin to be the global reserve currency...

[@pepelapiu2004]

Listening to this Brett guy reminds me how defeatist fiat thinking really is.

[@suddentwist]

States will not have a choice but to accept Bitcoin. Brent is stubborn.

[@boomme3598]

I really couldnt understand anything Brent was saying, it was like mostly nonsensical jibberish and gaslighting without any reason to back up his claims. serious red flag to anyone paying attention to this clown.

[@stanleynnaemekaorajiaka8109]

But truth be told. It's easier to use Bitcoin than the dollar. As long as an intermediary is needed to use a money, it can't be better off one that doesn't In Nigeria we don't really see the dollar as important. And I have never used it in any way. Most of the people who use it was because of Bitcoin adoption and that's Usdt.

[@MyMystakes]

Listening to Brent make 2014 era debunked arguments gave me brain cancer

[@RexyCanva-nq1kg]

Just grabbed some Wurmp Inu! This could be the biggest win of meme season.

[@BLBell]

Poor guy come up with foolish theories about dollar a little man has ego bigger then himself, eventually 🏆Bitcoin will show reality!

[@SatsACart]

I think Brent came unprepared on that one. Saif nailed it

[@TerranceMoore-zy5vv]

Everyone’s talking about Wurmp-it's everywhere! This could be the next big meme coin.

[@federicoetchelecu3629]

Very interesting to see how a good understanding of what money actually is can open your eyes, and how a lack of it can lead you to some form of a Stockholm syndrome. Thank you very much to all three for sharing your thoughts and knowledge.

[@filexlathreem892]

Bravo Ammous!! 🦾🧠

[@marlondlee8740]

Nvida is not a monetary system

[@BrandonWoods-Viviano-yj8pl]

Hyped for Wurmp Inu! If this isn’t the meme coin of 2024, I don’t know what is!

[@noone3116]

Good people 👍

[@JonMatcho]

Saif: Bitcoin will change everything for the better. Brent: We’ve always done it this way.

[@otistheshoemaker]

This debate can be distilled down to who controls who. Do governments control people or do people control governments? Historically centralization and governments have been the biggest bully. But now that we have technology that allows people to gain the benefits given by governments, will momentum for that technology continue to grow until the people demand it in full and government has to bow to the people, and it simply becomes a libertarian dream. You own in control everything you create and government is just a small service organization that helps you combine your efforts with other powerful sovereign individuals. Personally, I believe governments will still be very powerful but good Republican and Democratic governments will adopt the technology and that ultimately this is all because the people are in charge. the biggest bully is actually an organized populous. It always has been. The problem has just been that historically the populous has had very little way to organize and government by definition is an organization.

[@theglimmerman]

Brent needs to increase his probability of Bitcoin's future as the world's reserve currency. And he probably will as time goes on. I believe once the baby boomer generation pass away, the level of technological intelligence of the worlds population and the individuals self interest will all but ensure that the hardest money, Bitcoin, is well and truly the worlds reserve currency and we will be on a Bitcoin Standard. I believe an important battleground is the fight for the wealth of the baby boomer generation. The people who inherit this wealth collectively will have enormous power to fast track a Bitcoin Standard if they invest majority of this wealth into Bitcoin.

[@matthewg1382]

Brent read softwar pls

[@chrismale9976]

Saifs a beast lol. Brent is stuck 10 years ago, and in government mental chains, ashame.

[@itssteve6018]

He's like the elephant that grew up from an infant with a leash around its neck, still believing the lease holds them trapped as a several ton adult.

[@MrAnnihilator22]

@@itssteve6018well said

[@satoshidownunder]

Domesticated slave at best

[@georgelien]

Awesome ! 😂 I love these

[@algislorian]

Brent and some other more traditional finance people keep calling Bitcoin private money. It's not. Bitcoin is universally accepted money. There is no private organisation behind Bitcoin. The fiat currencies are private monies, as they are issued by private Central Banks.

[@pepelapiu2004]

I think he means private in terms of the public sector versus the private sector. Private as in not state sponsored.

[@algislorian]

@@pepelapiu2004 This is where the mistake lies. People have been conditioned to perceive privately issued money (Central Banks money) as public money. But that's an inversion of terms. Gold used to be public money, Bitcoin is a public money, because there is no private issuer behind them. There is a private issuer behind Fiat, though.

[@pepelapiu2004]

@@algislorian You and I just disagree on terms. A public school is a school built and paid for by the government. A private school is a school built and paid for by the private sector. In this manner cigarettes in jail, bitcoin, and gold are private money and fiat is public money. I mean (and Brett likely means), private and public in it's issuance.

[@algislorian]

@@pepelapiu2004 I understand your view. But a central bank is not a public entity. The public has no control over the central bank. It's a private organisation. Fiat issued by the Central Banks is private money, brought into existence by the terms dictated by that private entity. Gold and Bitcoin as monies are not issued by a private entity, they are public. Like nature, it's public, regardless of which government resides over that part of nature.

[@pepelapiu2004]

@algislorian Yeah, you are 100% correct. But the central bank and the government work together to foist their fiat on the population. The government mandates the use of fiat.

[@adamcar9376]

This is so good !

[@weilunlow6713]

As a bitcoiner, I agree with his views. And kudos for the patience.

[@plumrocket2141]

There will be two worlds in parallel, a world of Bitcoin and a world of CDBC, some people will get rekt and some will do very well.

[@mets580]

Brent said this is not what history shows, then goes on to explain how everytime there was an emergence of superior money. It succeeded.

[@STRICKLANDSBURNER-fj5en]

Biggest meme coin of the year? Wurmp Inu has my vote! Don’t let this one pass you by.

[@logankeel710]

Saif is correct about Btc in the long run, but by the time that happens, like Keynes says, we will all be dead. Brent’s views are 100% correct. The Btc arguments have been made about gold and as we see the dollar is the winner, as much as I don’t like it.

[@robnj4]

the dollar is only the winner vs gold due to gold being physically not feasible for trade, which isnt the case for bitcoin. Gold ended up getting centralized and then dollars were pegged to gold, until they weren't.

[@عوضربي-ك8ط]

يا دكتور لماذا بعد فوز ترامب ارتفع البيتكوين هل راح تدخل حكومة في البيتكوين لكي تسدد ديون و تسبب فقاع في البيتكوين و بعدها انهيار

[@Tenebrousable]

The question is not about what the prisoners want, but what the prison warden need to trade with the other prison's warden.

[@Mantas-cl3zy]

Saif bombarded with facts. Brent with dystopias 6000BC. Take me as an example. In 2022 I sold my Real estate and bough bitcoin, I cannot imagine how much I would have lost if I bought US Treasuries instead of bitcoin. I would have probably lost my fnk mind and hair if I have listened to Brent instead of Said. And that's facts.

[@pagexx]

Statists can’t even begin to think outside the state.

[@willfrerichs]

Alphabet, Internet, Bitcoin

[@jubbafrubby4561]

People are heavily invested psychologically And financially in BTC. it's important for balance that people listen to the writings of Craig Wright And if you deny his writings then you're too heavily invested mentally And Financially in btc.

[@marlondlee8740]

Blackrock is the government

[@robsmith2227]

Nice video, saif. Fair point that shutting down the internet forever ain’t gonna happen. Also fair point that within the USA, the big bully will decide what money we use. No money paradigm shift will happen overnight. Bitcoin will continue to thrive alongside a slowly sinking ship. Time will tell, i guess, and im bullish on btc

[@btcbenny21]

Holy SAIFE is ORANGED UP

[@MultiHinrik]

Saifs metaphor game is second to none

[@cloudstrife543]

😂 no comment needed

[@raza.m]

Decentralised technology will play a part to take the power of controlling money from the hands of fiat controllers. Brent simply understand the economics of Bitcoin but lack understanding of it's untouchable and unconfiscatable technology.

[@raza.m]

As George said, people finally have choice to say F You to controllers

[@DouglasCMills]

Brent hasn’t read the BTC white paper. BTC is P2P cash!! Not a commodity!!!!!

[@bobmccall9725]

I think it is also a commodity.

[@DouglasCMills]

@@bobmccall9725 also is good!👍

[@DouglasCMills]

@@bobmccall9725 just as long as I can buy something from you with it!!🙌

[@MrAnnihilator22]

@@bobmccall9725in the US, it is mroe of a commodity and digital asset. The tax code disqualifies it from being a currency due to capital gains. But non-kyc P2P can be done anonymously if you’re careful 😏. Not tax or legal advice…

[@MrJojomajio]

@@bobmccall9725many people including smart valuation experts see it as an asset class , hence it’s fair that Brent sees it that way

[@Richard-ki4nkgm]

1:04:53 brett forgets to mention that these problems were created by bankers manipulation... fractional reserve

[@Richard-ki4nkgm]

Derivatives destroy money

[@jubbafrubby4561]

what are the pros and cons of pow vs pos? (aside from energy consumption)

[@CynJones-yd9qi]

Meme coin believers, Wurmp is the one to watch! Don't miss the presale train.

[@HoolsSteam]

It's difficult for Brent to imagine bitcoin being an escape mechanism for fiat systems because he hasnt lived in an environment of partial or total economic collapse. A 'hasnt happened to me' bias

[@boomerdave35]

I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 7.2Biitcoin to a decent 21.4Biitcoin. At the heart of this evolution is Milton Harper, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. His holistic approach to investment and commitment to staying abreast of market trends make him an invaluable ally in navigating this new era in cryptocurrency investment....

[@boomerdave35]

He mostly interacts on Telegrams, using the user-name,

[@boomerdave35]

@MiltonHarper

[@AntonioMaurer503]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience...

[@Phillipp-t1z]

Milton Harper is among the best traders on the internet and I'll keep saying it every time.

[@blamemando428]

Best signal provider in the market. Knowledgeable, level headed no loss like some other traders who recently jumped on the bandwagon.

[@user-of7rk6cu5q]

FOMO is real with Wurmp Inu presale.

[@DadTrades421M]

I once thought those whom applaud gold understood statism and why Austrians believe sound money is key, but Brent opened my eyes to that being NOT true. Well done Sir.

[@AVDS85]

I am really tired of listening to this milkshake BS....

[@greenparksandblueskies9099]

Always in these debates people want to declare a winner and lose. In fact, this discussion educates the masses as growing up in a FIAT system has entrenched our thinking but BTC now gives us individual sovereignty and offers an escape if we choose so. The system will be in play creating havoc but at least now the educated, free minded and technical advocates have a door out. You could say Brent represents the old and Saif the new but overall this is a fascinating discussion on the power struggle that will follow.

[@Richard-ki4nkgm]

Freedom= Life Liberty and Property. Many amendments would be covered by Liberty Liberty and Property. Just on the fly thinking....Problem many people have is that they think everything needs to be spelled out. This invites mass intervention. Only laws that violate Life Liberty and Property need to be heavily justified...such as can/should a citizen be permitted to pollute the air, water, and land near them...or to attain and use nuclear weapons. The ideas of anarchy, libertarianism, communism all sound good but they lack the controls to limit imbalances of power. They have ideas about this but no certain way to implement. Seems the only control method to limit ever centralizing power is Hard money and for people to become knowledgeable and to act. This is a poor and unreliable method. Is there something better? Perhaps some non human enforcement? ...similar to how Bitcoin decides upon the accepted current ledger (using proof of work). One must also think about local and national defense, and not just in the form of physical defense but also various forms of social warfare. So now that mankind has created weapons of mass destruction, how can a society of rules without rulers manage this? In a system of anarchy where the government is only protecting Life Liberty and Property via local police and national military, the military would become overpowered and those with access to this power will be authoritarian. Maybe a hard money system worldwide could limit this. Because if all the governments of the world were beholden to the citizens (the original purpose of gov and as it should be) then the government would only be funded by citizens and citizens would limit the vast growth and power of the government because people want prosperity not war. However, all it takes is a convincing leader to gain power and start centralizing things and then it will quickly become obvious that this centralized power can easily take what it wants from others. So there needs to be a sly non human model that regulates power, kinda like bitcoins proof of work that decides which distributed ledger is the 'correct' one. Other than the very critical problem above, anarchy under a hard money standard with basic rules could work like this: A flat tax on all citizens to fund the government (police, military, judicial, legislation, executive). Citizens decide how much. A distributed list of people that paid and didn't pay and why someone didn't pay. If the excuse is "I'm broke, etc" then people in community would be able to vet this. Under a hard monetary system, there would be much less wealth gap, so there wouldn't be as much a concern about the percentage paid by rich vs poor. Without the theft perpetrated by gov, citizens would be more caring and charities would flourish and self centered scrooges would be ostracized (as long as the scrooge isn't too powerful)....maybe.

[@puravida1159]

This Brent guy is full of straw man arguments. Such as if the price goes up doesn't mean you have the world's reserve currency. No one ever said that. Or he says people expect Bitcoin to take over in the next couple of years or couple if months. No one ever said this either. And if he thinks US is the biggest toughest guy is long gone.

[@andreychirich8952]

Who gives a shit about past? We are not living in feudalism, we are not living in stone age either.

[@DavidLawrenceDaley]

I’m sorry but this dude has not upgraded his thinking. Everything he has said is through the lens of fiat. It’s mediocre and I say that without disrespect

[@wattzefeuke]

Hell of a closer by Saif. Shut up and take it, lol.

[@YourManifoldWorld]

In my opinion, People who claim BTC will dominate in the future don't understand how the global markets and global trade truly works. Global international trade will never use BTC for their settlement in any meaningful way. The currency that facilitates trade and commerce IS the dominant currency. BTC does not facilitate trade. Nobody that matters wants to settle in BTC except some very niche circles and Michael Saylor. Samsung is not paying TSMC 0.00000001 BTC for their next generation chipset, that would have been valued in the billions 20 years from now as claimed.

[@waynerichardson1051]

Nieve much?

[@gamanshoo]

You mean to say that people who believe that BTC will dominate in the future DO UNDERSTAND how both, the USD and global trade works BUT ALSO understand that the USD will take a backseat to BTC on a GLOBAL basis in the future. If your brain/mind has cured like concrete and UNABLE to see what things WILL be….then it means there is a personal COGNITIVE issue. The world has ALWAYS been in constant change…we’re going through ACCELERATED changes right now 😉

[@walterblake1]

Have fun staying poor

[@robnj4]

you dont think energy exporting countries will require bitcoin, in which they'd receive final settlement in 30 minutes with no counterparty risk, for payment in the future?

[@waynerichardson1051]

@robnj4 yep!!

[@stanleynnaemekaorajiaka8109]

How i jumped on this one. I have been waiting for this with these 3iors🎉🎉🎉 Since 2022!!! Please brent whats it with comparing bitcoin to tulip😂 you haven't studied really?

[@zechsmerquise3132]

don't worry, Brent, Big Brother Daddy will protect you and your dollar savings!

[@KittyCatClub526]

Kudos to Brent for trying lol

[@jlich1015]

Wow Brett what happened to you? 16 mins in and pure verbal diahhrea. The whole carry trade wouldn't exist in a bitcoin world, obviously. Who's paying you Brett?

[@modulemodule]

hfsp brent

[@sanjayaiyar4351]

This guy is a moron. His argument is essentially it’s never happened before so it won’t. Except he keeps making excuses why and ever aspect of bitcoin solves those problems. Yet he clearly doesn’t listen because he completely misses those characteristics.

[@Brandon-xp1ob]

Yes. People can use a house as currency and buy groceries with it😂🤡

[@needmoreyoutube]

The future is highly uncertain, but the present is certain. It's a sinking boat. I think it will be expensive mistake not to own bitcoin.

[@malkeri2107]

I totally agree with Brent. Bitcoin won't replace the dollar. But that doesn't stop bitcoin being used as a store of value for individuals and so bitcoin will keep going up in value. Due to leverage in the fiat system there will be liquidity events and so a temporary drop in price.

[@ruggq]

Thank you Saif, much appreciated!

[@deepshallows]

Yes

[@CanPat777]

Your camera placement makes you look awkwardly small.

[@manekedark]

Have fun staying poor fiat maxis.