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14min chapter
#444: Fiat Ruins Everything with Jimmy Song
TFTC: A Bitcoin Podcast
The Social and Psychological Hurdles of Transitioning to Bitcoin
The speaker explores the challenges people face when transitioning from the fiat currency system to Bitcoin, highlighting the disconnect between value and proof of work. They emphasize the importance of providing value and not relying on rent-seeking, advocating for a deeper understanding of economics and money. They discuss the debate between the wide gate and narrow gate approaches to Bitcoin onboarding, concluding with the notion that painful realities often lead individuals to discover the narrow gate.
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