Bitcoin and Wealth Redistribution

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In this video, I discuss how Bitcoin is antithetical to the violent redistribution of wealth, and dehumanizing fiat consumerist culture.

Bitcoin ties the hands of governments who want to pick the pockets of their populations through money printing and currency debasement.

Unlike fiat culture which encourages high time preference behavior and mindless consumerism, Bitcoin HODL culture encourages low time preference behavior, capital formation, and prioritizing people over possessions.

Hodling/saving is necessary for capital formation, which is essential for human ventures and flourishing. Bitcoin levels the economic playing field for 8 billion people, giving power even to people who live outside countries with relatively strong fiat currencies.

An economy on a Bitcoin standard will usher in a new cultural renaissance, similar to what the Florentine florin did for the Italian Renaissance.

Not investment advice! Consult a financial advisor.

Bitcoin's HODL culture:

Monero Is Hot Potato Money:

Florentine gold florin:

The 10 Points of Marxism:

California has spent billions to fight homelessness:

Warren Buffett says bitcoin is ‘probably rat poison squared’:

Warren Buffett Says He Wouldn't Pay $25 For All The Bitcoin In The World:

Lake Bitcoin:

Bitcoin adoption in Nigeria:

El Salvador adopts Bitcoin as legal tender:

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#fiat

Disclaimer

[Caroljoyce-mpsk]

Bitcoin is gearing up for a monumental leap to new all- time highs.

[BecamePneuma]

I don’t even desire to be wealthy per se; I just want a world built off honest money. That should be every bitcoiners mindset.

[zaeWan-sjmm]

In 2012 a successful immigrant decided to go back to his 3rd world home country to invest 1 million euros.

The 1 million got him 120 millions in local currency.

His business succeeded and he was able to double his investment to 240 millions in 10 years.

Meanwhile the local currency lost 50% of it's purchasing power.

In 2024, his 240 million can only get the same 1 million euros.

10 years lost in fiatland.

True story.

[nijerecenzija]

BTC is not at all about getting rich overnight. This is why it is so boring to crypto ppl. I just want the best way to save my money and I rarely check the current price.

[marlotree]

Spot on!!!
WEALTHY or RICH?

There's a difference between wealth and riches. Wealth means contentment in body, soul, spirit and material. Rich means your nett worth materially. You can thus be rich but poor in wealth. Simultaneously, you may not be the richest in nett worth but wealthy in life, livelihood and contentment.

[johnnymidas]

I ABSOLUTELY LOVE YOUR WELL THOUGHT OUT, WELL SPOKEN POSTS EVERYDAY MATTHEW ❤

[colinpatricklindsay]

Another great one, Matt! Happy to be part of all of this.

[retrobeaver]

So many are sour that they have to purchase at these levels. Too freak'n bad; we all get bitcoin at the price we deserve. Most of us ignored it for over a decade, while the OG's were stacking.

[neilpatton]

saving is sacrifice. it is the first and most important ritual mankind was given. without saving/sacrifice we make no accommodation for the future and exist only in the moment like the beasts of the field

[bigboiwaffle]

Well said! Bitcoin is not about “redistribution”. It’s about giving one a chance to keep the fruit of his work. Full stop.

[mcRENCR]

I am learning a great deal from these videos thankyou

[FlorisDVijfde]

11:40 BURN! Love Matt for these quietly savage little takedowns. Don't let the door hit these losers on their way out...I too shall enjoy seeing the melted look on their face when bitty takes off to the moon.

[Stayprincipled]

Got to say, you’re one of the calms in my day. Thank you.

[vot]

Wealth is not distributed fairly at this point in our story. The fiat machine which we are told "trickles down" to all just concentrates energy and drives up prices and it is reaching a breaking point. The money class will try to stop it. Im starting to think that will be the ultimate hurdle for Bitcoin.

[drewkrassny]

This video was posted by an AI bot. The real Matt said no video till Wednesday

[jad]

Hard money rewards savers. Savers are not greedy, they just don't like being stolen from by the government. Greed works hand in hand with power. Powerful governments provide very little value. Hence, they must steal more and more from its people. Frederic Bastiat is probably one of the foremost experts on this topic.

[kelvinwatson]

Bitcoin has many incentives for examle saving in bitcoin has a bright future. You no longer are being stolen from. Thank you Matt.

[RashidulSk-nh]

Swapped my alts for BTC and Kardden. They are ramping it up

[cryptojoecoin]

I will admit that 🤡 🌎 is strong. I can’t visualize how Bitcoiners ever break free from fiat slavery when everyone I know thinks fiat actually has value. They will never wake up, and I’m getting older each day HODLing and waiting for the collapse.

[romankacin]

Applause. Couldn’t have said it better myself and I’ve tried. Bravo.