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Saifedean Ammous: The Fiat Standard & The Reversal of Civilization

The Bitcoin Matrix

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The Way to Win at the Fiot Game Is to Get Into Debt

Everybody wants to get into debt, and everybody wants to have a negative balance. Only entities that have a license to lend from the central bank are able to create new money. So we've suspended the rules of economics. We've suspended but how an economy actually works. And i think, you know, the only reason it hasn't been as devastating as it could be is because of the technological advancements that we've achieved under the gold standard.

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