Simply Bitcoin The System Is Breaking: Bitcoin Is the Only Option | Beyond Bitcoin
Nov 8, 2025
The podcast dives into the transformation of money since the 1971 shift to fiat currency. It debates whether debt itself is the real issue and critiques the dichotomy of good versus bad debt. The discussion covers why a debt-based system needs constant growth and the implications of borrowing large sums. Bitcoin is highlighted as a revolutionary alternative, free from counterparty risk and grounded in scarcity. Its ability to provide a verifiable truth through its ledger poses a potential exit from the traditional debt-centric financial structure.
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Money Born As Debt
- After 1971 the U.S. dollar became debt-based, meaning new dollars are created as liabilities.
- Every dollar in circulation originated as someone else's IOU, tying money supply to borrowing.
Debt Fuels The System
- A debt-based monetary system requires constant creation of debt to survive.
- That dynamic incentivizes consumption and borrowing across governments, corporations, and consumers.
Treat Leverage With Currency Risk
- Avoid relying on leverage when the unit of account is unstable.
- Recognize that inflation can turn productive 'good debt' into a harmful trap.