The Rise of Bitcoin as a Safe Haven

The chapter explores the current state of the financial system, emphasizing the devaluation of currencies by central banks and the emergence of Bitcoin as a safe haven. It emphasizes the advantages and potential of Bitcoin compared to fiat money.

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Episode notes

Marty sits down with Jimmy Song to discuss his new book Fiat Ruins Everything.

Jimmy on Twitter: https://twitter.com/jimmysong

Crowdfund page for Jimmy's new book: https://fiatruinseverything.com/

0:00 - Intro
5:38 - Writing with ChatGPT
10:59 - Degeneracy hazards
12:54 - Jimmy’s book and writing process
20:39 - Structuring a book
23:36 - Fiat’s influence on individuals with corps
30:28 - Strong families and low time pref life
35:01 - Fiat world built on ossification
44:19 - No stores of value, can’t buy a house
50:15 - Reality takes hold, how long till it breaks?
59:38 - How to explain to people when it breaks?
1:03:03 - How do individuals protect themselves?
1:11:02 - Rent seeking more harmful than welfare
1:14:40 - Wide and narrow gate, drivechains
1:26:45 - Plugging the book

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