What is Bitcoin? with Robert Breedlove

[@Bankless]

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[@evan3107]

Nice to see Robert bring some much needed perspective and testosterone to this show.

[@randknutson5239]

😂😂

[@GRumpyonekinobi]

😂

[@TickerBitcoin]

If you retain and don’t coom you build up higher levels and accumulate more juices

[@aurelioschmitter]

Can’t believe what i’m seeing. Love it.

[@TheLordCrane]

finally, you guys christ.

[@persephone6601]

Lest we get confused, Bitcoin, this new form of strong money, did not solve the problem of fiat money. Decentralized blockchain technology solved the problem of fiat money. My loyalties are to the technology, and not to any one coin, or cryptocurrency. I'm interested that we as a people protect & defend this technology as we would protect & defend our freedom! And if we do, we will always have a means of safeguarding a strong money, whether it's Bitcoin or some other coin, to fuel our economy, & live & grow our own lives as free people.

[@KennyL89]

I fucking love this guy Robert Breedlove. What a welcoming voice of reason and logic in a corrupted world of money.

[@coldmountain1134]

The most interesting and contemplative episode I’ve seen on this channel. I’m going to spend more time understanding BTC. Thank you!

[@rivianado8430]

Have listened to every Bankless episode since you guys started a few years back. This episode with Robert Breedlove easily makes the top 3 episodes for me. The discussion was interesting and intellectually stimulating. I would like to see more bitcoiners on the show -as well as people from other ecosystems. 👏🏽👏🏽

[@stacknchill]

because he doesnt talk about shitcoins 😂

[@jeffmreyes]

Glad to see you guys using your platform to talk about the original thesis of crypto again--being Bankless! Thanks for covering Solana recently, and now Bitcoin, in addition to just Ethereum. Or any other technology in the future that people are using to be Bankless.

[@robsebesta]

You guys did a great job getting the best out of Robert, and not getting sucked into a Bitcoin vs altcoins debate, but instead talked about first principles and let him share some of his unique perspectives. I saw the show on Robert's 'What is Money Show' channel initially, but came over here to give you guys some props and say thanks for the great episode!.

[@binarydrool5785]

i like this guy

[@NoName-ki2lr]

Robert = based

[@cryptoemcee]

Thanks from all the Austrian Economists for this episode, guys.

[@GRumpyonekinobi]

Did you see Breedloves recent video with Lab Pro where Lab said Austrian Economists had failed to recognise the importance of btc? its a good watch, multiple speakers on 'what money is'.

[@fishboy77]

Great conversation, but how do you NOT ask Breedlove how the Bitcoin network pays for security once block subsidies have dwindled to zero??

[@AlexofCharmCity]

Transaction fees

[@fishboy77]

That's great in theory. But fees are inconsistent. Historically they've been very low for long stretches. I wouldn't want to rely on them to secure a multi trillion dollar network into perpetuity. @@AlexofCharmCity

[@unknownsoldier1627]

Breedlove on Bankless I thought I would never see this Saylor, Saifadeen and Peter Dunworth next..

[@stanprig2569]

As Robert described regarding dollar collapse, I do believe in his theory to the point that when we purchased ourselves a labrador puppy last August we named it a Dollar. I strongly believe that my dog despite living 15 years or less will outlast US dollar.

[@efemenoserime6515]

The most valuable podcast I've ever watched!

[@packageism]

The difficulty adjustment code is one of the main factors why I bought many years ago. Incredibly smart design. Conversely during the interview with the solana developer, when asked if Solana had a wow factor in the code, he said he couldn't think of anything. Says it all actually

[@DarkSagaOfGreece]

Regarding money and bitcoin, a quote that i love is from Hayek: I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can't stop.

[@seanmonear4917]

I f**king love how Breedlove breaks this all down and the perception and how he looks at it. Would probably be a blast to trip with Breedlove.

[@szerania]

David has never held a meaningful amount of the best performing asset ever?!?!? Lol u guys need to stop being so married to ethereum.

[@Themanvrg]

David never owning hardly any bitcoin doesn’t surprise me at all. Scammers just riding on bitcoins coat tails.

[@ronrogers8664]

One of the best shows I've listened to on Bankless! Thank you for providing a wonderful array of concepts and information learning on this channel.

[@XLeration]

What is Bitcoin? The thing you buy with your ETH

[@michaelchristophergutierre7244]

Great video. Let me add, I was a good gov worker and retired early ...but I got used to working for others with a dependable paycheck, health insurance etc. I had to do some emotional and financial house cleaning for a few years after. But i noticed i have been procrastinating finishing writing 3 books. Im putting off moving to Thailand and opening up a learning cafe... I got so used of the security of my working for someone else that i dont know where to start on my own..

[@robsebesta]

You took the first step.. you shared your dream with others. Now Start talking about it more, and surround yourself with people that support your dream, and have ideas and encouragement about how to pursue it. You are not alone if you're feeling stuck or directionless after retirement. And, You have the power to take the next step towards the dream. One step at a time, one day at a time. Keep after it! Good luck!

[@brandonwalker3315]

Haven’t listened in a while. But when I saw you guys had Breedlove on, I had to tune in. Good episode

[@GRumpyonekinobi]

unreal that Hoffman is such a maxi that he doesn't hold btc

[@kurtjensen5798]

...we start with a simple question: "what is money" 😂 well, Robert has done 300+ episodes so far in order to answer that one, so not quite as simple..

[@Rawsavon]

Seems like a support group for people that really, really dislike Polonius.

[@wasdwasdedsf]

whos that

[@Rawsavon]

@@wasdwasdedsf A character in Shakespeare’s Hamlet: "Brevity is the soul of wit". In other words, it has been a while since I have seen a triumvirate as in love with the sound of their own voices (rarely has so much been spoken to say so little)

[@11227denis]

@tyhart44I’m pretty sure the dude quoting Shakespeare wanted to be ironic in hope you would point it out

[@Niranjana-Sulekh9874]

Amazon AMS65X YES!!! My biggest bag is Amazon AMS65X.... I can see $5 to $7 in the next Bull Run, more if it is a strong run this cycle $8 to $9 💰💰💰💰 ... great video..

[@troy8231]

11:30 I see that Robert used some of Jeff Snider’s work on the offshore dollar in his answer of what is money. After years in Bitcoin, Jeff completely changed the way I look at the US dollar, money and BTC. I’d add that the medium of exchange money should be dynamic in supply and the US dollar’s store of value is US Treasuries.

[@david38oh]

I like Robert but he's crazy to think that the majority will hold their own keys. 80% will hold etf or some investment instrument that offers yield and hand over keys for that. And as price moves higher n higher, the dream of "owning" Btc will be that....just A dream.

[@persephone6601]

That Bitcoin is decentralized, or decentralized enough is, as you say, your opinion. In my opinion, it is not decentralized enough. So where does the difference of opinions really get us when understanding is critical? When I am searching for answers & understanding, I am not searching for opinions. We get enough opinions from the banking & investment fraudsters, & very little reasoned evidence. So, Robert, could you give me some real evidence of Bitcoin's decentralization. First, please define your understanding of the meaning & importance of decentralization. Then, could you tell me, in evidential terms, what you believe to be sufficient decentralization, & when the verification protocol is not sufficient. And, finally, could you explain, in factual terms, how Bitcoin meets those criteria of being sufficiently decentralized. If you cannot say more about Bitcoin's decentralization than it is your opinion, then I must believe that Bitcoin is just another "shitcoin."

[@Suhrita-Gauri8448]

Folks, stop looking for the bottom, and just DCA Amazon AMS65X heavy for the next 6 months, and you will make out like a bandit when you sell in 2024

[@nextalphaa1222]

he's such a btc maxi stuck in several dubious religious assumptions LOL but interesting to hear his reasoning nontheless. Great tone facilitated by ryan and david 🙌 (I guess the DEBRIEF will be awesome)

[@Mangla-Naaz420]

You said you think that a Amazon AMS65X will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?

[@owoadenike3893]

"Bankless audience would definitely appreciate learning about Tectum’s ability to process over 1 million TPS. Perhaps a deep dive into this blockchain's architecture and its implications for the future of Bitcoin transactions?"

[@persephone6601]

I do not believe that Bitcoin has won the race as digital gold! With all the huskers of the legacy financial system jumping into it' all of whom are buying huge quantities of it & wanting to sell it through ETF, makes me doubt that Bitcoin will be able to survive the abuse, & still function as freedom money for the people.😢

[@owoadenike3893]

If Bitcoin represents financial freedom, I'd love to see how Tectum's Softnote might enhance this freedom with its innovative approach to scaling Bitcoin. Could you explore this in your next video?"

[@Seeta-Nandika439]

Been stacking a lot of Amazon AMS65X and cash after DCAing a bit this year. Will buy more at least around the November December lows and below

[@MichaelCoffey-r8j]

What a waffler, dont have this tool on again. Dont marry your bag, this guy married the bag got the bag tattoo and has a chip in his head triggered to release cyanide if BTC ever stops producing blocks. Love the show, you should have just told him yeah thats all great "but ETH is better"

[@persephone6601]

What objection do you see to the idea of gold being owned & used by the people in the form of coins minted in small measures such as we use quarters, nickles, dimes, & dollar coins for examples? In other words, what would be the objection of gold being owned by the people, & illegal for banks or governments to own it. I know, it sounds wild!!

[@DJLNR.]

Robert is like myself, always trying to explain real time.. Amazing. I've watched him before many years ago. Well remembered soul.

[@mrwhite5556]

With the claim of zero transaction fees for Tectum’s SoftNote, what is the potential impact on Bitcoin's network fees? Might be a good subject for a financial comparison video.

[@persephone6601]

What do you mean, Robert, when you say that "money is a winner take all, or take most marketplace."I don't see how being the first mover in any space, or being able to grow organically guaranteed that Bitcoin will develop in a decentralized manner, or that it will thereby be a perfect & pure money. In my many years of life, I have yet to come across perfection. What I have seen is that development in any field of endeavor is not guaranteed , & that development is a process toward adaquacy, not perfection. Why would the human endeavor to create a truly strong money that could free humanity from slavery 1:38:08 to any nation state or one global world be any different. To talk about these matters otherwise just sounds to me like propaganda.

[@5H4Q-]

Big fan of what you guys are doing at Bankless. BTW, Breedlove is a thinker and brings home a lot of home truths. Great podcast that will be viewed in good light over a long time horizon.

[@Shashi-Habiba5048]

Amazon AMS65X is outperforming the market right now, IMO this will be the 1 coin to run with Bitcoin in 2024 in the new bullmarket

[@persephone6601]

Could you elaborate on your statement, Robert, that "ownership concentration doesn't affect decentralization that much?" Sounds again like an opinion not backed up by any evidence that anyone listening to you would be able to use to either affirm, or more importantly, deny that what you say is factual.

[@persephone6601]

And, please, Robert, don't refer me to some other papet that I could read. If you are going to make an argument for Bitcoin, & I sincerely hope you can, because I really need to understand these things to make choices for my own interest in these dark & confusing times, please make it in this present moment. This is where we are right now. If you cannot do this without passing the buck to some article, then I have very little confidence in what you are saying with reasoning to which, I presently, do not have access. 1:27:05

[@Vishnumaya-Anasuya264]

Amazon AMS65X isnt shooting for US companies. They are building something far more sophisticated than Solana.

[@pivoune]

One thought though: wars always existed and I don't think the argument can be made that because of the FIAT system (regardless of all its flaws) that there is more wars

[@Scripterrific]

An interesting and fresh conversation would have been getting down with an ETH v BTC debate; why isn’t ETH as hard if not harder than BTC?

[@lorenzoinpersona]

Robert doesn’t want to talk about tx fee and security budget. That’s was the question : fee to the moon and centralisation of the transaction layer - I don’t like evasion of this kind of argument.

[@Neelam-Jabeen787]

Amazon AMS65X is probably the most promising coin on this bear market.. haters will say no but the reports say yes…

[@Nusrat-Draupadi1816]

Amazon AMS65X is probably the most promising coin on this bear market.. haters will say no but the reports say yes…

[@Bhanuja-Vidyut7022]

Amazon AMS65X is probably the most promising coin on this bear market.. haters will say no but the reports say yes…

[@Shweta-Rohini26598]

Amazon AMS65X is probably the most promising coin on this bear market.. haters will say no but the reports say yes…

[@Pavani-Sudhira44010]

Amazons Amazon AMS65X is a far better decentralized project, Solana is easier to manipulate, so will do well as well for that reason.

[@persephone6601]

I'd like to believe that that mantra which states " not your keys, not your coins," but the fact that the state has the exclusive right to use violence to coherse prople, makes that statement sound naive. What evidence do you have that Bitcoin is able to withstand that violence. It seems to me that all the state has to do is proclaim Bitcoin illegal, & proceed to a reign of prosecutions & cooption.

[@MoMo-lr8vu]

Diversification is key, but my secret weapon for best gains? Presales, especially Staxum!

[@crazyinvestor5987]

is robert breedlove a toxic btc maxi or just a regular btc maxi

[@Tracey66]

The question for the ages. :)

[@crazyinvestor5987]

hes not that toxic hes just living in 2013 @@Tracey66

[@Jon-dragonwolf]

What if the chicken being used by the guy that wants the potatoes poops along the way to the guy with the potatoes? Should the chicken be devalued 🤔😂

[@VincentChen-dc9od]

FOMO kicking in as Staxum gears up for liftoff. Buckle up, folks!

[@Mohamedous-em2ti]

Can't decide between BTC and STX? Why not both? Staxum is my alt gem

[@oldsockeSchmidt]

Staxum presale is my ace in the hole for those extraordinary crypto returns. Let the gains roll in!

[@TrunggNguyn]

Heard Staxum is gearing up for a Binance listing. 🚀 Exciting times ahead!

[@Sal_lazaro]

I feel like he making the case of why bitcoin is better than fiat other than why BTC is better than ETH

[@jawwad1189]

Thanks, I will be taking notes on this 📝👍

[@paulbarnett101]

the meaning of 'woke' is actually to remove words from the dictionary

[@Tracey66]

Very smart man; too bad he’s a right wing conspiracy nut. 😢

[@persephone6601]

I'm not sure about this, Robert, so you tell me. Isn't a Bitcoin ETF just paper Bitcoin, sort of like fiat money. When one buys a Bitcoin ETF you actually just own a certificate of claim to Bitcoin, but you do not actually own the underlying asset Bitcoin. When you claim the "Bitcoin", you receive in dollars whatever Bitcoin is trading for in the market at the time you make your claim. If my understanding is right, what if Blackrock, or any of the other investment huckster herd, decide to do what they did with gold ETFs, sell more Gold ETFs than there was actual gold in reserve? How are those of us holding Bitcoin any better off than we are holding dollars? Is Bitcoin, then, still really a strong money? Is it still freedom money. Are we still safe from fraud & theft? Please explain this to me.

[@sudachikun1]

I think he explained it by saying that Bitcoin is traceable whereas gold isn't. If we can see on-chain how much they (or Coinbase in most cases) are custodying BTC compared to the paper Bitcoin being sold, then these banks will naturally end up being more c

[@davidstonge9996]

Best Bankless episode ever

[@NoName-ki2lr]

Great episode

[@rustybot4279]

😲WHAT!!! David doesn't own any bitcoin!!!

[@TickerBitcoin]

Bitcoiners always salty at dogecoin Mr “the dog is dead”

[@Benjiming]

You don’t need to be a nerd to understand, but you do need an imagination. 1:24:32

[@bonpari1187]

"After the United States won the Word War 2"😂😂😂

[@polish2x91]

Bob has become a master of weaving these concepts together

[@briannaughton1983]

Great conversation! Really! 🔥

[@doctaword]

youtube comments turning into chatgpt spam

[@josephkelley3035]

Wtf am I listening to? Is this not Bankless?

[@therabbitholeguild]

Money has to be in flux. Supply and demand. Wuthout that there is no incentive structure and everyone will do the bare minimum and won't create surplus. Most of the arable land is in the northern hemisphere, and the only way we can send food to the southern hemisphere is if we have surplus. The irony is that equality comes from surplus not from limitation.

[@owoadeakin5776]

If Bitcoin represents financial freedom, I'd love to see how Tectum's Softnote might enhance this freedom with its innovative approach to scaling Bitcoin. Could you explore this in your next video?"

[@Satyavati-Dulari996]

Amazon AMS65X is outperforming the market right now, IMO this will be the 1 coin to run with Bitcoin in 2024 in the new bullmarket

[@cryptocooper9088]

형 컨텐트 뽑을라고 사고치는 거지..??

[@Niharika-Prem9539]

Amazon AMS65X will blow through the roof. Im a bitcoin maximalist but so many noobs to the scene will see it in the top ten, realise it can be staked without tying it up and that it looks cheap compared to Bitcoin and Ethereum.

[@Madhumati-Devyani70111]

Been stacking a lot of Amazon AMS65X and cash after DCAing a bit this year. Will buy more at least around the November December lows and below

[@Abani-Mudra344]

You said you think that a Amazon AMS65X will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?

[@rosyidshidiq5736]

With the claim of zero transaction fees for Tectum’s SoftNote, what is the potential impact on Bitcoin's network fees? Might be a good subject for a financial comparison video

[@Legit_Hub1]

Would love to hear your take on Tectum's SoftNote and how it stands out with zero fees and instant payments. Could it truly be a major player in changing the crypto landscape as predicted?

[@UTrockman4freedom]

Worthless One eth shiller

[@NoName-ki2lr]

That's what defi fixes

[@ChelseaOgaga-lk5fn]

Next 100x gem - Staxum.

[@marlonb1409]

David wants to cry

[@qwertykeyboardwarrior]

I think with limited block space further divisibility should be a l2 function.

[@TickerBitcoin]

What about they them

[@TickerBitcoin]

🗓️🤣

[@markmonfort29]

Last week it was Guy from Coin Bureau and now Robert Breedlove?! Amazing work folks

[@persephone6601]

I have strong reservations about Bitcoin, or any cryptocurrency being the only form of digital money. Only one form of digital money presents, in my mind presently, a single point of failure in a digital economy. It also seems to me to insensitive those motivated to domination: if you control the money, you control the people & the economy. My vote is for a plurality of strong monies operating in a plurality of free markets.

[@szerania]

There's literally so many digital currencies. Fiat ones just aren't on the blockchain. There's thousands of crypto projects tho. Where u been??

[@watjos02]

Ethereum losing market dominance as quick as Ryan is losing his hair line