Bitcoin: The Future of Money? | Bitcoiner Book Club | The Jordan B. Peterson Podcast – S4: E:40
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This episode was recorded on May 13th 2022
In today’s episode, Dr. Jordan Peterson sits down with four vocal members of the #Bitcoin community for an introduction to the world of #cryptocurrencies. Together, they cover a variety of topics ranging from the intricacies of Bitcoin, other cryptocurrencies and #blockchain security, to philosophical opinions on the utility of money, ideal economics, and mapping value.
He is joined by John Vallis, host of the Bitcoin Rapid-Fire podcast that brings on the industry’s experts to discuss world-changing technology.
Richard James, the creator of the film Hard Money which digs deep into the corrupted nature of what money has become.
Gigi Der, a software engineer who writes code for Bitcoin, and author of 21 Lessons: What I’ve Learned from Falling Down the Bitcoin Rabbit Hole.
And Robert Breedlove, ex-hedge fund manager, philosopher in the Bitcoin space, and host of The “What is Money?” Show.
For more on today’s guests:
John Vallis’ podcast:
Richard James’ movie:
Gigi’s book:
Robert Breedlove’s podcast:
The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
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[00:00] Introduction
[0:18] Jordan introduces the “Bitcoin Bookclub” group.
[1:30] Gigi introduces himself to the viewers.
[2:10] John Vallis introduction, opening up the discussion to the empowering aspects of Bitcoin individuals who utilize the currency.
[5:00] The concept of taking more responsibility and extreme ownership that John feels Bitcoin pushes you toward.
[9:30] Richard James Introduction. A brief overview of Austrian economics as opposed to Keynesian.
[16:07] Robert Breedlove introduction.
[22:00] Explaining fiat currency. An overview of central banking history in the West. Looking at the gold standard that gave the American dollar an advantage around the world.
[29:00] John’s thoughts on value and external representation.
[31:30] Gigi talks about the technical creation and use of Bitcoin, how the total amount is stable/fixed, and why it’s set up so securely compared to other cryptocurrencies.
[39:00] Jordan speculates the reason that people use the American dollar, Richard James gives his response on “compelled currency”.
[46:00] Jordan asks the group to examine the claim of arbitrary inflation in the United States and why it occurs.
[57:00] Visiting the American economic crisis of 2008.
[1:06:30] The group’s opinion about Elon Musk’s recent evaluation of Bitcoin’s longevity.
[1:14:30] The practicality of using Bitcoin in everyday life.
[1:20:30] Exploring the potential criminal element inherent in non-regulated centralized money like Bitcoin.
[1:24:00] Thoughts on distributed sanity and revealing the truth of the world.
Visit www.jordanbpeterson.com to view more information about Jordan, his books, lectures, social media, blog posts, and more.
Jordan B. Peterson is a professor of psychology at the University of Toronto, a clinical psychologist, and the author of the multi-million copy bestseller 12 Rules for Life: An Antidote to Chaos, #1 for nonfiction in 2018 in the US, Canada, the UK, Australia, New Zealand, Sweden, the Netherlands, Brazil and Norway, and slated for translation into 50 languages.
Dr. Peterson has appeared on many popular podcasts and shows, including the Joe Rogan Experience, The Rubin Report, and many more. Dr. Peterson’s own podcast has focused mainly on his lecture series, covering a great deal of psychology and historical content.
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Vídeo
39:00–39:30 sir, there are many "trust" s in your question sir…
Bitcoin, in by nature, is trustless. People "seriously" need to trust to certain authority or goverment or the overall well being of a civilization(may it be the greatest of all time, it is still a trust, like a contract) to be able to hav faith in USD or any fiat currency. On the other hand without Bitcoin, no one needs to trust no one to have faith in Bitcoin or Bitcoin network. You will be able to keep using bitcoin after apolypse , just need a machine or a waterfall(to produce electricity). But with fiat currency, it will be collaspe with the associated nation as they are in a way representation of the nation they in. The downfall of a nation's economy is equal to the downfall of the currency of that nation.
Bitcoin doesn't rely on anything but codes. So, as long as theres computable machine and source of electricity, there can be bitcoin.
Yea sure XD 21k next 5k
Absolutely like your TA, but I’d like to point out my point of view, it’s true that we have to refer to the historical data, however sometimes history doesn’t repeat. BTC is almost like a tease when it gets to these levels and it starts to suck in liquidity around this range but we will have to see how the market reacts to these. This is a perfect time to partake in trading as it is volatile. I've made over 9.2 BTC when I started at 1.5 BTC in just a few weeks with Jocelyn Marie Couch. Analysis, her strategy is so satisfying.
Mrs Anna is legit and her method works like magic I keep on earning every single week with her new strategy
What a great conversation, good points were given and Jordan’s skepticism to certain things said was great. All answers were explained well by each individual. 👏
Non productive stock is nonsense stock… the name says it all…
The use of "We" vs "They" is definitely applicable in the conversation of money without getting into the realm of "theories" about conspiracies. "We" didn't have any say when "They" secretly drafted and slyly passed the 1913 Federal Reserve Act. Anyone who reads through that part of history, and reads The Creature From Jekyll Island, would/should know that "We" had no say in "Their" plan for the economy or the monetary system. Consider the following quotes. After reading them, ask yourself how much of this economic problem was caused by "Us."
"The new law will create inflation whenever the trusts want inflation. It may not do so immediately, but the trusts want a period of inflation, because all the stocks they hold have gone down… Now, if the trusts can get another period of inflation, they figure they can unload the stocks on the people at high prices during the excitement and then bring on a panic and buy them back at low prices.…The people may not know it immediately, but the day of reckoning is only a few years removed." – Congressman Charles A. Lindbergh, referring to the Federal Reserve act, Congressman Lindbergh stated this a few years prior to the stock market crash in 1929 which ushered in the Great Depression Congressional Record, Vol. 51, p. 1446. December 22, 1913.
"From now on, depressions will be scientifically created." – Congressman Charles A. Lindbergh Sr., 1913
"Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientific one, worked out as we figure a mathematical equation." – Congressman Charles A. Lindbergh, The Economic Pinch, 1921)
"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money." Charles Lindbergh
"This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized." – Charles August Lindbergh
"It is well that the people of the Nation do not understand our banking system, for if they did, I believe there would be a revolution before tomorrow morning." – Henry Ford
"With the monetary system we have now, the careful saving of a lifetime can be wiped out in an eye-blink." – Larry Parks, Executive Director, FAME
“Banks lend by creating credit. They create the means of payment out of nothing. ” Ralph M Hawtry, former Secretary to the Treasury.
“… our whole monetary system is dishonest, as it is debt-based… We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned.” The Earl of Caithness, in a speech to the House of Lords, 1997.
“The bank hath benefit of interest on all moneys which it creates out of nothing.” William Paterson, founder of the Bank of England in 1694, then a privately owned bank
“Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.
“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.” H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” -James Madison
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)
"The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson." – Franklin D. Roosevelt (in a letter to Colonel House, dated November 21, 1933)
"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. The Federal Reserve Board has cheated the people of the United States out of enough money to pay the national debt three times over. This evil institution has impoverished and ruined the people of the United States, has bankrupted itself, and has practically bankrupted our government. It has done this through the defects of the law under which it operates, through the maladministration of the law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it." – Congressman Louis T. McFadden (1932)
"Some people think the Federal Reserve Banks are US government institutions. They are not… they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will." – Louis Thomas McFadden
"Open the books … and you will be staggered to see how much American money has been taken from the United States Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia, by its correspondent, the Chase Bank of New York [owned by the Rockefellers]." – Louis Thomas McFadden
"Mr. Chairman, when the Fed was passed, the people of these United States did not perceive that a world system was being set up here… and that this country was to supply the financial power to an international superstate." – Louis Thomas McFadden
Trudeau type politicians are evil thieves.
Bitcoin isnt totally transparent as its userbase is anonymous until you find who is who.
After 35mins in
this clarifies the bitcoin to me.. economically., moraly, socialy, and shows how other money (systems) are corruptable
.thnx
eyes opening video….
i can't stand this pompous fluff talk …just get to the fucking point
someone educate me. What stops governments of prohibiting banks of accepting money from cryptowallets and the such? we could store our money there but then wouldnt be able to withraw it. Why cant they do that???
Any time Jordan thinks somebody might be about to say something unflattering about Elon, he steps in and saves them.😅
Found it super hard to get through Richard James' introduction without sighing several times 😡
Fiat currency is dead only a matter of time. However the bankers are involved their into xrp the only crypto not decentralized.
Who else thinks a discussion with Charles Hoskinson and JP would be awesome?
1;04;25 he's in error, deep truth or simple truth brings in total conformity nothing is not related to something else, this is an error, or impossible. That's equal to saying the letter A, has no connection with Z, these factors are both integers, and in our alphabet, both are necessary, yes. As well a tree is not related to cows' milk, oh yes these are utterly, and absolutely related. Any conversation Jordan Peterson is involved in winds up super validated and enlightening.
Jordy – with much love and respect, you sometimes interrupt them! I know it’s because you have a thought sparking in your head, and you already got what they are saying but wait a second until they finish 💕
THIS IS ONE OF THE BEST JORDAN! Love them and the philosophical and practical, amazingly enlightening conversation – thanks Jordan, much love to you and thanks to John, Gigi, Richard and Robert in no particular order, you were all amazing! 💙
👍.
Bitcoin has more in common with fiat than real money like gold .. it has no value other than confidence in it .. you can't do anything with it .. its made up.
Bitcoin, and Elon Musk owned Twitter, are two of the most powerful free speech tools we've ever had . The Marxist leaning governments are petrified… Good!
I my god so much information, I really enjoyed it.
Given the huge amount of evidence that there is a small group of powerful malevolent people on the planet who have been exerting much control, I wonder why Jordan Peterson is so quick to move away from the possibility of conscious malevolence.
BBC -Bitcoin Book Club
<It is clear BTC have proved it's use case during this uncertain times. We need more experts like Mr RYAN , who educate people on the evolution of the market so people avoid common mistakes so they don’t walk out of the market feeling frustrated! Keep up the great work! Raised over 16 BTC when I started at 2 BTC in just few weeks implementing RYAN daily trading signals and tips
How dos bitcoin deal whit a holder who dies, doo bitcoin drop in value, or it is redeemed somehow?
Sterling…
I promise the pay the bearer upon demand the sum of One Pound'…
A receipt for Gold
British Gold was not good enough for the Chinese
When the British wanted to buy tea…
They wanted taels of silver…
So the brits sold opium from India
To the Chinese to get Silver
To use to buy tea
if it can not be explained I have to trust it just like the fed
Hardcore Orange Pilling of Jordan by some of the Best Orange Dude´s
I don't know how to get comments through to you, but you should read the Historical book of Jasher – mentioned a few times in Biblical texts – 1:03:47 – it would speak to your theory on the flood narrative and Babble – and i think it would show something a little different than your perception, perhaps.
This was really good but I do have a criticism namely, that often, as the interviewees were about to expand on a point, they were cut off by Jordan and their argument was left hanging. For example one guy wanted to talk more about Elon Musk and started, but was cut short. This was frustrating. I do like Jordan's ability to follow tangents and then return to a theme, but this was lacking a little bit here. Clearly, there may have been a time constraint so that may have been a reason that Jordan did this. Hopefully, there will be another discussion and the wisdom of the interviewees, because these guys had clearly thought deeply about this subject, will be allowed more time to be expressed to the full. I could hear in Jordan's voice an urgency to "get it done", that is not often there in his one-to-one podcasts and which are more relaxed and thus allow the ideas generated by the discussion itself, to be expanded upon. The Aussie guy didn't say much toward the end. Perhaps the inclusion of four interviewees was a little too adventurous. Maybe limiting it to two and doing two podcasts might be a better way to go. Thanks for this Jordan! I love your work. You have changed my life for the better in many ways.
Who's tht idiot stood there on in a mask lol
Priceless information. Thank you
I find it interesting how while we're being warned about the great reset/the New World Order, a new world order comes about! Seems like HEGELIAN DIALETIC at its finest, to me! Meaning; problem, reaction =solution!!!!
Value value value ahhh verdad cabrones hahahaha
Man, this talk is a goldmine
[Great video really. Also i agree with your opinion, For the newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. For a start you need a good and experienced hand to guide you. Trust me, trading isn't difficult as we see it. With the right Signals and guide, you can earn hugely monthly.
Thank you for always being constant with the videos regardless of market Bull / Bear. Analyst & Holders remains indecisive on the current price movement on BTC but the market being unpredictable, trading is always a 'Go For Thing' for me. With MR ALEX VALENTINE help I've accumulated over 4btc using his methods and strategies. Forget predictions and start making good profit now because future valuation are all speculation and guesses.stayhome