Why Central Banks Fear Bitcoin’s Fixed Supply | Pierre Rochard

[@fairplayer7435]

Pierre knows his stuff. He has gone deeper into the rabbit hole than many.

[@bramk]

🙏🙏

[@Richard-ki4nkgm]

Pierre has great insights

[@davidjeon9429]

big interview! This podcast is going places!

[@bramk]

🙏🧡

[@bvc49]

I stop for Pierre. Thanks brother

[@bramk]

Understandable 🧡🙏

[@anthonygoin-xy4ne]

Excellent interview

[@bramk]

Happy you enjoyed it!

[@BC-nl9ph]

Nice!

[@redriderbbgun8018]

A very intelligent, back n forth, free-flowing conversation. Thanks Bram & Pierre! 😎🤝🤙

[@bramk]

Happy you found it valuable!

[@yakopro49]

Good stuff Makes you THINK

[@bramk]

Happy you found it valuable!

[@bitcoinpoemspro1406]

Nice

[@bramk]

Thanks!

[@lastnamefirstname2390]

10/10 video. Especially the part about who fiat benefits and who it devalues. Fiat is meant to devalue labor and workers. It benefits the oligarchs, rich, and 1%. Deflation and Bitcoin benefits the masses and society.

[@Richard-ki4nkgm]

Michael Saylor rightfully complains about the system being rigged, good for wealthy property owners and suppressing workers. But the way he talks about Bitcoin being a pristine collateral property and how the current system classifies BTC as property (n subject to taxes, etc) does NOT help the worker. It may help the worker that bought in early but it doesn't fix the system. Workers will get priced out of BTC the same as they r currently priced out of real estate and other assets. It only fixes the system if BTC is THE world's money because then it gets redistributed according to the value people exchange (unless gov screw things up, which they will because people r ignorant).

[@ab78001]

Very true. And with the new BTC etfs, over time, lots of common people (who are only drawn to BTC bec of its price gains, and therefore they buy during bull markets) might get their wealth taken from them if/when they panic sell during bear phases. That would further concentrate global wealth into the hands of the global rich. I think Saylor is part of the problem here as he's part of the sensationalized bullish narrative on bitcoin which contributes to fomo buying among common people.

[@Richard-ki4nkgm]

@ab78001 agreed

[@villhelm]

It will become the world currency by outcompeting the central banks. Game theory says that capital flows to the hardest and most liquid asset. The banks can’t stop it - it’s like a virus. It’s also beneficial to the US as they can use their treasuries to back stable coins which allow the onboarding of US dollars to the digital eco system that will then move to BTC.

[@Sean-bg7fi]

To be fair Michael Saylor suggests never selling your Bitcoin. He cannot be clearer on his views about what he thinks Bitcoin represents and how to participate - buy as much as you can and sell as little as you can. If people buy during a bull run and sell during a bear market they are seeing Bitcoin as a vehicle to make more fiat in the short term and do not understand what they are buying. That isn't his fault in any way. On the contrary he endlessly and patiently educates anyone who is willing to listen to him about what Bitcoin is and how any rational person ought to interact with it.

[@thomaspick4123]

@@Sean-bg7fi. We need an honest study of what Adolf Hitler did for Germany from 1933-1939. Adolf got rid of the Central Bankers. THEY boycotted German products, yet Germany survived by bartering. The wealth of the country was built on the sweat labor of the German people.

[@ab78001]

One question that comes to mind after listening to this conversation is: since nation states can endlessly print money in order to fund their bitcoin strategic reserves, this would mean that indirectly bitcoin ends up contributing to the root problem of money printing/ fiscal irresponsibility rather than solving it, at least in the beginning. Also, if there is a sort of nuclear arms race between nation states to build up their strategic reserves and this race ends up massively inflating the price of bitcoin in the process, that eventually makes bitcoin even more out of reach for the general public. We quickly end up in a world of Bitcoin Haves and Bitcoin Have Nots, with most bitcoin held by nation states. Somehow I think this is the wrong direction for us as a human collective. Maybe we need to stop thinking in terms of nation states against nation states and start thinking in terms of the global human collective versus the collective ruling class. We don't really want governments so easily acquiring bitcoin illegitimately just by printing money out of thin air as it inherently disadvantages people who have to work to get the money they buy bitcoin with.

[@bramk]

I don’t disagree, that is why I started this podcast. We need to educate as many people as possible on Bitcoin!

[@Richard-ki4nkgm]

In human society, there r citizens and there are governments (that were created cooperatively by citizens in order to protect the basic rights of Life Liberty and Property). Both groups act to balance each other.... however citizens probably should have more ultimate power than gov as gov is subordinate to the citizens, and again was created by citizens. Citizens must participate and enforce the rules placed upon gov, just as gov must do the same.

[@bramk]

I agree!

[@ab78001]

@@Richard-ki4nkgm yes, and many people believe that governments were co-opted by vested interests who want to control the global money supply. I mean, this gets us into the realm of conspiracies, but it also feels hard to believe that the world we currently live in, in which most people are ignorant of how money works simply evolved organically, without interference....

[@Richard-ki4nkgm]

@@ab78001 nothing wrong with theorizing. The label of conspiracy has been twisted to mean crazy impossibility....designed to shut down questioning and thinking

[@fairplayer7435]

Recent times put government ownership of citizens on full display. Most governments don't see citizens, they see livestock.

[@tjmooney4181]

🎉 dollars will never be profits for satoshis no matter the exchange rate or what the influencers try to convince you

[@exelmans8855]

Explain please.

[@nathanpen]

Apple pay will have Bitcoin but they will KYC up your ass and out again.

[@bramk]

Then we don’t use it haha

[@tjmooney4181]

Acquire as many satoshis as possible while uneducated people still accept dollars for them 😉

[@gregr.9547]

Interesting 👍