Few things in life are absolute: death, taxes, and 21 million Bitcoin. CEO of Parallax Digital Robert Breedlove explains why the invention of Bitcoin is a historical event that will never be repeated. He also discusses why fiat currencies are a pyramid scheme and how Bitcoin embodies Christian ideals.

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0:00 Start
0:50 How did your background help you understand Bitcoin?
5:11 Why Bitcoin is non-repeatable
9:12 Why Bitcoin will never be replaced by a “better” Bitcoin
12:17 How Bitcoin is protected by a four-sided market
14:32 What motivates your writings on Bitcoin?
16:44 Is Bitcoin the perfect expression of capitalism?
20:53 Why asking if Bitcoin has intrinsic value is the wrong question
25:35 Why fiat currency is a pyramid scheme
32:34 How does market manipulation affect Bitcoin?
34:11 Can Bitcoin displace the dollar?
38:01 Will central banks begin stockpiling Bitcoin instead of gold?
42:13 Does the U.S. have the power to suppress Bitcoin?
47:44 Bridgewater’s response to the Open Letter to Ray Dalio
49:44 How to ‘flex your individual sovereignty’
54:01 How Bitcoin preserves individual sovereignty
58:39 Outro

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22 COMMENTS

  1. 0:00 Intro

    0:50 How did your background help you understand Bitcoin?

    5:11 Why Bitcoin is non-repeatable

    9:12 Why Bitcoin will never be replaced by a "better" Bitcoin

    12:17 How Bitcoin is protected by a four-sided market

    14:32 What motivates your writings on Bitcoin?

    16:44 Is Bitcoin the perfect expression of capitalism?

    20:53 Why asking if Bitcoin has intrinsic value is the wrong question

    25:35 Why fiat currency is a pyramid scheme

    32:34 How does market manipulation affect Bitcoin?

    34:11 Can Bitcoin displace the dollar?

    38:01 Will central banks begin stockpiling Bitcoin instead of gold?

    42:13 Does the U.S. have the power to suppress Bitcoin?

    47:44 Bridgewater's response to the Open Letter to Ray Dalio

    49:44 How to 'flex your individual sovereignty'

    54:01 How Bitcoin preserves individual sovereignty

    58:39 Outro

  2. Solid fundamentals about the history of money, individual sovereignty, and possible or probable outcomes for the future!
    If bitcoin wins or not in the battle with the altcoins it doesn't matter, this was great peace of education and level headed thinking for the most part.
    Great thoughts and interview.
    Thank You

  3. Grayscale Investments bought up to 33% of all newly minted BTC over the last three months, as the asset manager continues to stockpile major cryptocurrencies. And they and other whales will buy and buy all the BTC and other crypto to stay at the positions of Money Masters. Common people will be late again as they always do…

  4. Excellent conversation, it crystallized a concept or two for me. This video deserves many more views.

    I'm certainly glad Robert clarified the Christ reference as being symbolic – he did a fine job of clarifying the abstraction.

    For a minute there I was afraid he was going to talk religion and Bitcoin on the same level. IMHO, religion is, intrinsically, the antithesis of Bitcoin's philosophy.

    I would love to hear opinions of others in this group.

  5. This is why people are so delusional in the Crypto space. Here this guy is talking about Bitcoin disrupting fiat and yet making arguments that Bitcoin cannot be disrupted by other alternatives not because of better technology but because it is scarce and has first mover advantage.. Even Netscape being a first mover was disrupted. I am a crypto Youtuber and love the Crypto space but the delusion in this space just makes me want to throw up! The craiglist argument does not even make any sense. Facebook marketplace is already taking some of that market share from Craiglist. That is mostly what I use now. Now I am not against Bitcoin but with the way the tech is going, it will be disrupted. Time will tell which one it will be. I sure hope I have some of that Crypto in my portfolio.

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