Everything will be cheaper priced in Bitcoin | Bryan Solstin | BFM063
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- Опубліковано 30 лип 2024
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Bryan Solstin is an aerospace systems engineer, Bitcoiner since 2017, and ran for US Senate on a zero-tax Bitcoin platform. Bryan brings a unique perspective to the discourse on conservation (savings) within a debt-based monetary system and conservation within a commodity-based monetary system. In his book, “Apex Environmental Solution: Bitcoin”, Brian argues that all conservation efforts within our current monetary system are futile and that we are driven into hyper-consumption, behavior that does not improve our lives.
› Follow Bryan on / bryanbsolstin
› Bryan’s book, “Apex Environmental Solution: Bitcoin” www.amazon.com/dp/B0CR1FYZ2L
› Bryan’s website: solstin.com
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TIMESTAMPS 🕑
00:00 - Introduction and Background
01:19 - Flaws in the Centralized Monetary System
06:22 - The Importance of a Standard Measure of Value
08:26 - The Impact of the Current Monetary System on Society
37:45 - The Potential Impact of Bitcoin on the Monetary System
45:17 - Bitcoin as a Store of Wealth, Medium of Exchange, and Unit of Exchange
48:13 - Challenges and Obstacles to Bitcoin Adoption
56:21 - The Role of Traditional Banks in a Bitcoin-Based System
01:03:08 - The Sustainable Benefits of Bitcoin
Questions or comments? → bram@bitcoinformillennials.com
#Bitcoin #Finance #Economics #Fiat #BTC not #Crypto #BitcoinETF #ETF #Scarcity - Розваги
I love whenever someone mentions the measurement analogy. Few people actually wonder why gold or Bitcoin is often called a "standard" and what does the term "standard" actually mean. A standard is an object with well-defined properties that virtually do not change in time and are remarkably invariant to changes of environmental conditions. Not so long ago, virtually all weighs in the world were adjusted according to calibration standards derived from even more precise standards up to national standards and these were ultimately derived from one tiny metallic cylinder known as the "International Prototype of the Kilogram" (IPK). This was the *primary standard* defining what the kilogram actually means (!), made from an alloy of platinum and iridium, one the most corrosion-resistant materials known to man, stored under triple glass bell jars in a vault maintaining constant temperature and an inert, dust-free atmosphere. It was rarely opened only for polishing and recalibration of the secondary (national) standards shipped from around the world. It maintained constant weight up to microgram amounts (!) and even this was not good enough for modern science and industry, that long required a better standard. The SI base units are central to all science and technology and is one of the pinnacles of human ingenuity. There would be no smart phones, no advanced medical equipment and pharmaceuticals, no GPS, no global communication, no precision-machined parts; without a such high standard. There is no doubt about it across all nations. Standards are a big deal. Now compare this to the monetary "standard" called fiat system, where a couple of old farts decide on printing a couple trillion (!) units from time to time, or adjust an "interest rate" knob based maybe on some elementary scaler algebra, despite the fact economy is a super complex system, containing millions of interdependencies and feedback loops, against which even operating a modern nuclear reactor is a trivial task. NO WONDER that central banks are the bottleneck, being slowly dragged, kicking and screaming, into the 21st century!
Yes, zero tax Bitcoin!
ANOTHER AWSOME GUEST....I wish he was in a leadership position. HE is based ...
agreed!
Great episode! just bought his book!
Happy you enjoyed it! 🧡🙏
Great guest. Thanks for the interview
Happy you enjoyed !
26:39 great point Bram
thank you
Such a smart guy, I am reading his book now. Thank you for interviewing him.
A true Bitcoiner, integrating different aspects, making a valuable whole.
Im glad i traded my eth for btc last year.
🫡
Lol😂😂😂😂
Any economic/social system will always have struggles. It is human nature for individuals to better their position in life. Therefore you must limit the scope and power of any institution, that goes for everything from government to citizens. This is why money, the mechanism for nearly all exchange, must be decentralized and not controlled exclusively by a relatively small group. The problem still exists: how does the decentralized defend against a large centralized entity? Maybe there needs to be some sort of fail safe that compels the decentralized to only band together (centralize) in order to defend against the centralized actor?
Research Bitcoin.
Great show! Bryan makes a ton of really great and well articulated points. I do have to push back on his third-order Malthusian argument. His argument might makes sense in theory, but empirically we can see that since 1971 families have had to work harder to earn less and as a result are foregoing having children.
Zero tax btc
great idea!
Hey sir I'm looking for some work
So I have a question, do you need a thumbnail designer 👀
Yo! Not immediately but you can post your work here? Or redesign a thumbnail? Who knows
@@bramk I can share my works on your insta
bitcoin increases in value if goods/services increase. In a hard money/noninflationary/btc standard at first it seems to gain value, so people tend to hold btc and do nothing, then as shortages in goods/services begin to develop btc loses value as people begin to value things more, then people shift focus from holding btc to creating things. So maybe it balances in a good way, but maybe it promotes shortages of goods/services. I would think not though, because most people feel the need to have a surplus of things ready for emergency....like a squirrel saving nuts
paying money(value) for bitcoins computing power. The question is: is the energy used to operate the bitcoin decentralized financial system better used than the less energy used for operating centralized currencies that require massive government interventions to control international trade and/or rescue the corrupt financial system that privatizes gains and socializes loss...among the many other negative side effects that actually end up costing/wasting more value that society could otherwise benefit from.
Who is actually analyzing and stress testing bitcoin node and miner implementations? This may be one good thing that governments can do, but not only government. Private and public should compare notes.
Bitcoin will keep governments in check
@@bramk I hope so. Even our local governments tend to be corrupt.
Brian is an angry man, with an opinion.
yes haha - love it
Cheaper !!?? Really !!?? So nxt years new i-phone will be cheaper...lol, shit no. Apple will measure the average purchading powrr rate and use that % to add on to the previous yr cost.
Priced in Bitcoin it will be cheaper - you are measuring value in $, which is flawed.
@@bramk nope, meaduring in btc. U really think apple will sell nxt years phone cheaper?
Priced in Bitcoin they will be cheaper yes.
So, should bread be free? You asked the question but didn’t let him answer it. If things are free, who would want to make them ? Why spend time and resource to produce foods and give it for free? I like the idea but it sounds like communism to me.
It is an illustration. You should be able to make your own bread at very low costs. I do not know what it exactly should look like but the fact that is is 40x more expensive than 50 years ago, is the point.