ReasonTV
1,048,908 views • Jul 19, 2018 • Soho Forum Debates
Key moments
And You Can Only Send Fiat if You Have Permission Try To Send It to a Family Member in Russia You'Ll Be Censored Wants To Donate to Relief Effort Perhaps in Venezuela Too Bad You'Ll Be Censored Are You Sending a Suspicious Amount Your Payment Will Be Blocked and You Better Get Ready for Questioning or Outright Confiscation Yep the Orwellian Nanny State Is Alive and Well and Fiat Currency Is One of Its Most Insidious Tentacles Fiat Has these Poor Monetary Attributes because It Is a Tool and Appendage of the State It Exists To Serve the State Now To Exist Market Participants Its Attributes as Money Are Intentionally Constrained in Inferior
And You Can Only Send Fiat if You Have Permission Try To Send It to a Family Member in Russia You'Ll Be Censored Wants To Donate to Relief Effort Perhaps in Venezuela Too Bad You'Ll Be Censored Are You Sending a Suspicious Amount Your Payment Will Be Blocked and You Better Get Ready for Questioning or Outright Confiscation Yep the Orwellian Nanny State Is Alive and Well and Fiat Currency Is One of Its Most Insidious Tentacles Fiat Has these Poor Monetary Attributes because It Is a Tool and Appendage of the State It Exists To Serve the State Now To Exist Market Participants Its Attributes as Money Are Intentionally Constrained in Inferior
9:03
As a Commodity for Thousands of Years the Reason People Wanted Gold as Money Is because It Was a Luxury Good that People Wanted if You Didn't Want It Yourself Somebody Else Wanted It You Can Do all Sorts of Things with Gold Other than Spend It Right It's the Actual Uses the Physical Properties and It's Not Just the Fact that Gold Is in Jewelry Right That's the Most Important Use but Gold Is in All the Cell Phones That We Have They Use It in Aerospace They Use It in Medicine I Mean and There's a Lot of Places that Gold Would Be Used but They Don't Use It because They Use Other Metals Instead That Are Less Expensive
As a Commodity for Thousands of Years the Reason People Wanted Gold as Money Is because It Was a Luxury Good that People Wanted if You Didn't Want It Yourself Somebody Else Wanted It You Can Do all Sorts of Things with Gold Other than Spend It Right It's the Actual Uses the Physical Properties and It's Not Just the Fact that Gold Is in Jewelry Right That's the Most Important Use but Gold Is in All the Cell Phones That We Have They Use It in Aerospace They Use It in Medicine I Mean and There's a Lot of Places that Gold Would Be Used but They Don't Use It because They Use Other Metals Instead That Are Less Expensive
18:03
What Bitcoin Has in Common with Fiat
What Bitcoin Has in Common with Fiat
45:16
Scarcity of Bitcoin
Scarcity of Bitcoin
1:09:49
Scarcity of Bitcoin
1:09:49
Why Are Bitcoins Valuable
Why Are Bitcoins Valuable
1:11:31
Why Are Bitcoins Valuable
1:11:31
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