2min chapter

Citadel Dispatch cover image

CD102: Bitcoin is the Best Money with Adam Back and Jack Mallers

Citadel Dispatch

CHAPTER

The Fed's Devaluation of Life

I just think people overcomplicate money, man. I spend my life working super hard and then I go to buy a house and I have to live perpetually in debt car notes, mortgages. It's basically society's way of saying we don't value your contribution enough to actually own anything. People should not store their collective representation of their life in dollars because the Fed will devalue your life. They'll make you worthless. And as long as it has liquidity and I can exchange it for shit that I desire, that's it. Though Bitcoin, we like, whatever Satoshi is, you see, are they like fucking like the best thing ever.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode