The "What is Money?" Show Fiat is an Addiction, Bitcoin is the Cure w/ Ivan Makedonski (WiM594)
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Jun 13, 2025 Ivan Makedonski, a passionate Bitcoin advocate and software developer, delves into the addiction-like qualities of fiat currency and its parallels to dependency. He discusses how Bitcoin presents a promising escape from this digital addiction, empowering individuals through self-custody. The conversation also touches on personal trauma, community resilience, and Bitcoin's potential role in reshaping societal values and economic systems. Makedonski emphasizes the importance of user experience in Bitcoin adoption and advocates for a transformative shift toward innovative financial practices.
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Fiat as a Digit Addiction
- Fiat money is a digit addiction with no grounding in reality, unlike physical drugs that have tangible effects.
- The fiat system traps us in an illusion of value, making it very difficult to break free and adopt Bitcoin.
Bitcoin as a Universal Standard
- Bitcoin offers a universal, objective standard of value rooted in physical constants like the speed of light.
- Unlike fiat currencies, Bitcoin is incorruptible and aligned with reality, enabling global cooperation.
Selfish Fiat Design vs Unity in Bitcoin
- The selfish design of the fiat system prioritizes survival of some at the expense of others, fostering malice and division.
- Bitcoin, in contrast, promotes unity on a single standard fostering cooperation among humanity as one entity.