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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
The Only Utility of Monopolized Money Is Theft
When you monopolize money, it's only useful as a tool for one thing. And that's for allocating wealth away from some and two others. The first recipients of that money are going to be the beneficiaries in an inflationary regime. This has a really corrosive effect on social morality. If your money constantly loses value, you are incentivized to become more short-term oriented.
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