State Resistance to Central Bank Digital Currencies | 3min snip from We Study Billionaires

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BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard (Bitcoin Podcast)

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CHAPTER

State Resistance to Central Bank Digital Currencies

This chapter explores the growing resistance among U.S. states, particularly Florida and Texas, against central bank digital currencies. It discusses the legislative actions aimed at safeguarding financial freedom and highlights concerns regarding governmental control and privacy with CBDCs.

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Preston Pysh and Pierre Rochard talk about the current draft bill in Texas that's trying to limit Bitcoin mining and what this means in the broader context of state's rights and their competition between local jurisdictions.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:10 - Why Pierre was in the Texas Congress testifying about the benefits of Bitcoin and it's mining infrastructure.

04:40 - Explain why Bitcoin is a National Security issue if a country fails to adopt and understand it.

07:55 - How much settlement is currently happening on Bitcoin and why is that important?

08:48 - Why Demand Response System are important to ensure grid stability.

23:50 - Who is the customer of Bitcoin mining?

36:08 - State rights issues and bipartisanship with respect to Bitcoin.

38:08 - What is the cost of running the existing fiat system compared to Bitcoin?

42:51 - Why CBDCs are so dangerous to freedom in the United States.

48:27 - Choke-Point 2.0.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Pierre Rochard's Twitter.
Riot Mining.
More information about this draft TX Bill.
Related episode: Listen to BTC116: Bitcoin Ordinals and NFTs on Layer 1 Bitcoin w/ Pierre Rochard, or watch the video.
Related episode: Listen to BTC109: Bitcoin Taro, GBTC Discount, & More w/ Pierre & Morgen Rochard, or watch the video.

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