#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
The Consolidation of Power
When you concentrate power into too few hands, Hayek argues that it actually transforms. It becomes something much more intoxicating than it would be if it was held in a more distributed way. In a Bitcoin-denominated world, a pure free market, the consumer is sovereign. So you cannot earn value in the world unless you are serving your fellow man,. Unless they have expressed through their buy and sell decisions in the marketplace.
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