Exciting to see legendary music producer Rick Rubin talk Bitcoin with @jackmallers . Most people focus on social issues like inequality or pollution, dividing over politics, but can’t seem to see the root societal issue which is our broken monetary system—the foundation of civilization. All social issues are important but you can’t fully treat the problem just by focusing on its symptoms. Money without energy is just credit, which is what fiat currencies are. The fiat system demands endless artificial growth and inflation to keep its solvency, stopping us from enjoying the deflationary benefits of exponential tech and efficiency that should lower prices of goods. Money, a representation of our energy and time, should solve barter and prevent double spending. Allowing a group to print money from thin air lets them steal/control our time, energy, and thus wealth—even from future generations. By debasing our currency, they force onto the population misallocation of capital such as overconsumption and non productive investments. Energy can’t be created neither destroyed, so money must be hard to fake it and impossible to make more of it out of nothing. Quoting @Jeff Booth : “Abundant money creates scarcity; a scarce money unlocks abundance”. And for those who like to read I recommend the book by @LynAlden called “Broken Money”.
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