Been sending this note to friends @Jeff Booth @gladstein @Peter McCormack If this Christmas you want to enrich someone with the gift of understanding the most important invention of our lifetime, listen to and share this interview which was captured in a plane cruising above the savannah of the country of Malawi 🇲🇼 Here are some key take-aways: - The system we all live is a fraudulent system, where the government, central bank and those sitting closest to it are constantly stealing purchasing power from us - ⁠This is happening at an increasing rate in the west but it is worst in 3rd world countries like Malawi, where people who live on fertile soil and who used to be self-sufficient have become slaves to the IMF and global dollar standard - ⁠In a truly free market which none of us have ever experienced, prices for almost everything should go down every year due to technological progress, instead we have increasing inflation every year. The difference between technological progress and de facto inflation is a good measure for the amount of theft occurring in a system. - ⁠We need to stop patronizing these people thinking they need our charity and empathy. They don’t need anything more than access to money which lets them store the fruits of their labor. - ⁠Ongoing technological improvements in Bitcoin will make this easier and easier - ⁠There are many grassroots Bitcoin developments in these countries, including villages that have access to electricity for the first time by just deploying a couple of Bitcoin miners that finance micro hydro power plants generating electricity from a nearby stream. - ⁠Our societies are increasingly radicalized because people are being impoverished by the theft of inflation imposed on them by our central banks. None of the other technologies we’re building are going to matter unless we can stop crime, violence and radicalization created by inflation.

Spotify

Bitcoin, a 30,000ft View with Jeff Booth & Alex Gladstein - WBD751

The Peter McCormack Show · Episode