We went like this, he went like that. I said to Hollywood “where’d he go?”. Hollywood said “where’d who gooo!”. 

 lol, it’s so true.

I love that: I’m chill

You are NOT “chill”

😂 

 justin trudeau is on Nostr!? 

 😢🙏 

 They did!? 

 You show me the use the force Luke scene and he turns off his targeting computer - I will cry in front of you right now I don’t even care who you are. 

 🥹 

 "Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns—or dollars. Take your choice—there is no other—and your time is running out."

#AynRand
#AtlasShrugged
#BTC 

 Hash tag SOUND money 

 He did say “human” social order. So he is correct. And you are correct.

🤙 

 🧡 this. 

 🧡 this. 

 Why do I feel like this will be the greatest novel in history. 

 🧡 this. 

 And I 

 https://y.yarn.co/92c5894a-426c-4ed1-aeb0-3230e2ae52e7_text.gif 

 🫡 Super fiat to think the solution to every one of my problems can be conjured up from somewhere else by someone else. 

 That’s deep bro. That’s deep.

🤙 

 I don’t know, but I do know that when my kids get their first house I am going to flood the bathroom, leave all the lights on, and swing on the railing until it busts off 😂 

 Bitcoin is for anyone! 

 🤝 

 Nice Bro!

Being 🙏 for your first day. 

 *Be 

 🎯 

 It’s a great question. It would seem to me that it corresponds to reality that there IS an objective point of reference out there somewhere.

I do not believe any human can fill that role.

Perhaps it’s a clue to the necessity for something transcendent. 

 😂 

 Thank you @Dr. Jeff !

Always look forward to your thoughts. 

 This is 100% right.

There should be no despot of who can fly helicopters where. 

 Great video as always 🤙 

 I think you are 100% correct here.

I’m the US they don’t even hide it, they call themselves democratic socialists.

I like bureaucratic socialism! 

 GM! 

 Bro stop digging. You are committing one of the classic blunders. The other of course being never get involved in a land war in Asia. 

 Are you writing a fiction novel @LynAlden !? 

 Well if it’s even half as quality as Broken Money then please do.

Side note, can I ask you a question about fractional reserve banking I’ve never seemed to be able to get straight? 

 Oof, the FEDERAL government?

B. 

 Mmm, well, there may be a place for NATIONAL defence. But that’s probably it. 

 🤣 bro. 

 Although it also just hit me. Ukraine’s really not getting any money either…it’s all going to arms makers, arms dealers, and the middlemen (whomever they may be).

So there’s that I suppose? 

 🎯 

 Great image. Gives me Atlas Shrugged vibes. 

 This was a great discussion. Thanks gents. 

 lol, “I’ll eat a whole pumpkin pie”.

Super entertaining and informative episode gents. 

 Where do you get this sick art!?

Some of the things you’ve said were INSTRUMENTAL in my Bitcoin journey, @Gigi 

Thank you! 

 I remember watching that!

Great talk. And great Q&A. 

 What would be your preferred method of hedging, @Dr. Jeff ? 

 🎯

The money - itself - is not the thing of value.

Money merely REPRESENTS that which has value in economic activity.

So the question is not “what’s the most valuable money?”

The question is “what medium best fills the role of representing that which has value?” 

 💯

We want, classically, something durable, fungible, divisible, portable, and scarce.

For myself I would then say that a medium having those properties will lead to said medium being selected by the market as the chosen money, which will in turn lead to said money maintaining its purchasing power over time, or, “holding it’s value”.

Saying the same thing at the end of the day 🤝 

 😂 

 I don’t think Saylor was saying, or thinks, that Bitcoin itself will be lent and paid back at interest.

I could be wrong of course.

I think he envisions a world that looks a lot like today. But instead of manhattan real estate being the best collateral and property, Bitcoin will be the pristine and most desired property. But still with all things fiat surrounding it.

Whether he is right or wrong or whether that is an ideal future or not aside.

But I agree was a thought provoking convo! 

 I agree with this completely.

I think it’s going to take a long time.

And I think if/once BTC completely displaces fiat no one will accept yield denominated in fiat at all.

And this is where I think during that conversation they were each talking from the perspective of two totally different worlds.

I agree with what Saif said, capital will only be able to be resisted through equity. Why? Because the produce of a business can always expand. So ”yield” can come from production and sharing in that production, regardless of what the prices of the produce are (going down).

So in a sense, the nominal yield in Bitcoin terms will be negative. But the real yield will be positive. 

 *raised through equity 

 I often wonder who makes all the YouTube videos about every random car repair scenario.

Like who, actually, does it.

Someone. Obviously. 

 Question though @james !

How exactly does it work?

1) $100 dollars deposited at institution A, A keeps $10 (with a 10% reserve ratio), and lends out $90, the $90 gets deposited at B, who keeps $9 and lends out $81, and so on and so forth until the $900 is created, or

2) can A hold the $100 and create $900 worth of loans straight away?

And if it’s 2) wouldn’t institution B then be able to create $9,000 of loans straight away from the $900!?!? 

 That video (English only for me unfortunately) is incredible. Have shared it with many people. 

 The Bitcoin Standard will always have a special place for me of course.

But is it sacrilege in the community to say Broken Money is a more important work imho?