
The Bitcoin Infinity Show Protection from What - Independence Reimagined Chapter 10 | Bitcoin Infinity Academy #25
Nov 20, 2025
Knut and Luke delve into the theme of accountability, discussing how government rules framed as protection can hinder personal responsibility. They explore the moral hazards of bank bailouts, arguing that such measures benefit scammers while stifling innovation. The duo critiques regulations that favor large corporations and the culture of entitlement fostered by social programs. They champion Bitcoin as a self-custodial solution that empowers individuals, promoting a society grounded in sincerity and responsibility.
AI Snips
Chapters
Books
Transcript
Episode notes
Moral Hazard Eats Accountability
- Removing punishment for risk-taking eliminates learning and encourages repeated bad behavior.
- Safety nets and bailouts create moral hazard that benefits scammers and insincere actors.
GDPR Helped Giants, Hurt Small Sites
- Knut recounts GDPR forcing websites to add cookie banners and compliance work that burdened small sites.
- He links such rules to higher costs that advantage big firms over small competitors.
Regulations Grow Into Rent-Seeking
- Industry self-regulation often becomes a revenue machine that raises barriers and stifles innovation.
- Classification societies and cybersecurity rules exemplify regulation growing to benefit certifiers.






