The Revolutionary Impact of Censorship-Resistant Money

This chapter examines the transformative potential of censorship-resistant money in fostering a global free market free from financial barriers. It discusses how this system could combat inflation and enhance individual quality of life through increased competition and innovation.

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Remember the beginnings of the Internet in the consumer world more than 30 years ago?

Times have changed exponentially from the early days when you could only connect to the World Wide Web on a very bulky home computer via telephone land lines, “surfing” speeds were a crawl and Amazon wasn’t the fastest or cheapest way to buy a book! Whether you interact with the Internet daily or not, you can’t deny that it’s changed your life.

Some believe we’re living in a similar inflection point today with the rise of Bitcoin, a decentralized form of cryptocurrency separated from the control of people, business entities and even banks, due to the continued corruption of the world’s financial system.

Former Oxford-trained physicist and Wall Street trader turned entrepreneur Joe Bryan reveals how our current financial system really works and who it actually serves (not us!), and why Bitcoin could transform the world — If you fix the money, you fix the world… — this week on Spirit Gym.

During their conversation, Paul and Joe recommend watching the video What’s the Problem? that connects the dots about the world’s financial problems, its root causes and how Bitcoin may solve them. Watch it on YouTube or Joe’s SatsVsFiat website.

Find out more about Joe via social media on Twitter/X and Linkedin.

Timestamps

7:25 Is there any difference between money and currency?

13:17 How the world trended to gold as a monetary standard.

26:26 Moving from the gold standard to petrol dollars.

40:35 Connecting inflation with poorer health outcomes.

59:15 The difference between Bitcoin and other cryptocurrencies.

1:12:11 How is Bitcoin verified?

1:30:43 The only source of inflation: Printing money.

1:44:00 Bitcoin is a more valuable asset than silver.

1:51:53 The mining aspect behind Bitcoin.

2:01:20 Your odds of winning a lottery are better than winning a block on Bitcoin.