The Fiat Crisis - Balaji Srinivasan | Pragma Tokyo
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- Опубликовано: 26 июл 2024
- Join Balaji Srinivasan for a talk and Q&A called "The Fiat Crisis".
It’s always been about hackathons. Until now!
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Guys. Fix the Money. Fix the World. Support Bitcoin fully for next few years till it is 10 Trillion Dollar 💵 and we fix the world.
Support Bitcoin, ETH is garbage anyway, pretty much unusable for the majority of the population for anything.
Bitcoin, not sh*tcoins. Learn the difference.
I can’t get around what happens to social security and Medicare if we switch
Hard money seems to be too simple a solution to be credible for solving such complex problems but I think it is a good candidate. Too bad it requires people to think a little...
Fix the morality*
Balaji’s name is lord and God Venkateswara in Andhra Pradesh. His brain is working like that. Great discussion and guidance to us.
Every time Balaji speaks, it is interesting.
Right or wrong, balajis point of view & presentation is very impressive.
The fool predicted 1 million bitcoin by now but that hasn't even been close to happening.
By far the best thing I've seen for weeks 🚀
Thanks Balaji!
Read up Austrian economics books 📚. Also THE PRICE OF TOMORROW. THE BITCOIN STANDARD. THE FIAT STANDARD. ETC.
These comments at the end should make you smile as they're a testament to the effectiveness of your marketing efforts over the last 3 years. They've basically memorized ALL OF THE LINES
Fix the money fix the world- hard money!!! Let's Goooooo!!!!!!
good insights! thx
Fire
This dude is amazing
wow just a few hundred views
Yes, still a tiny minority viewpoint. Might change, might not.
As much as I am pro-BTC and ETH, USD will continue to be the reserve currency. Looking at USD just via its debt is missing the big picture. USD is backed by the strongest economy the world has ever seen, the enormous talent pool and companies and products used the world over, one of the strongest military and navy in the world, nuclear/trad weapons, 800+ military bases, complete control of most naval routes of the world, spy satellites and stealth weapons no one has ever seen. All major world institutions: UN, IMDB, WB, WEF, BIS etc....all are puppets of US/West.
You really think US will let go of its economy, control - that's not how empires roll. US is only a 200-300 yr old empire and there's plenty of fuel in the tank left. Not to mention, not many people are going to trust the incompetent Euro, sinister CCP's RMB, India's economy has a lot of issues -- the reserve currency is one where rule of law and extreme trust is established and most nations still align with the US value systems vs the alternative CCP option etc.
Balaji is known to be extreme and overly analytical - that's just how he is. Being academically sharp is not the same as being an expert in geo-politics, macro econ, 300+ yrs of finance.....this is not a joke that the US is just going to go away. It's taken US 300 yrs to perfect its financial system and its here to stay.
It'll take a massive war to even question US's authority and I don't see it being challenged for the next few decades, at the very minimum. Multi-polar world may be coming but US is well positioned to still lead the pack, form partnerships and allies and move forward.
Crypto will do ok - just think the next 12-18 months look like crab market before we start easing and the quality assets like BTC and ETH front run it. DCAing, diversifying, managing risk, and being patient is the only play, IMO unless you are a gifted trader.
2021 money printing was a mania which we probably wont see again. We printed 40% M2 then and by basic math it'll take 2-3 yrs for that excess money to be taken out and for things to get back to mean M2 growth rate. I think we probably see new highs for BTC and ETH by 2026/27. If it happens earlier, I'd be only happier but that's atleast my conservative approach.
What was the island project he was talking about & backed? “Prosper”, or “Prosperre?”
I’m trying to Google it and can’t find anything.
Prospera.
Good luck having Texas join the UAE, it would mean Texas had joined BRICS. Unless network politics and nation state politics are somehow disconnected from each other.
22:46 "You're so capitalist that you're against division of labor"
Can anybody tell me what is the relationship between being "very capitalist" and "being against division of labor"?
Is he equating capitalism to individualist anarchism or am I missing something? Because capitalists simply tend to make capital extraction more efficient.
'consensual recentralization'--wow, Balaji just riffing...nice.
As much as I enjoy every Balaji presentation he kinda leaves out the fact that every other nation in the world faces the same struggles America does and is (at least in economic metrics) doing worse. So while US power is weakening; in the context of its competitors its actually strengthening. Dalio tells this story of great powers rising and collapsing...but leaves out the uncountable masses of other nations that rose and fell in between
some are but also some are not dealing with it as hard as the US because they don't hedge their entire economy against the US dollar, sure its still the world reserve currency so they hold some risks especially smaller nations but russia doesn't use it, and china is dumping it while strengthening their global role.
@@SBlazeable Russia is a dying echo of a nation that's becoming a nuisance, struggling to take ground against a force 1 millionth that of NATO. China's debt problem is magnitudes worse than America's, and with the West reshoring manufacturing they're on a downward trend with income. Both of these nations could collapse soon if it werent for all the modern military advances we have today
@@MathGPT bro, a reality check for you - China's GDP has 12x'ed since 2000. Russia - 8x, US - 2x.
About the Ukraine War: Ukraine has aid and weapons which exceeds the entire EU military budget. It's 500x the budget of the Taliban. Do you understand what I mean here?
@@dorothyway1147 12 times the cultural revolution is still a third world country. Have you been to china? I lived there ten years
wen was this?
April 13th
11:58 "....for France it's going to be the Franc..."
um... the French Franc has not existed for the last 21 years.
made me laugh...
This was prerecorded
China is NOT rising, they are inflating their currency just like the rest of them..BTC is the only deflationary monetary alternative. I do think though, it will take decades before it reaches it’s true potential as a World reserve Currency..
BTC is inflationary
@@pdeezzel You need a lesson in economics
Theoretically it is true until bitcoin block subsidy goes away in hundred years or so. But in practice if you count all the lost keys it might be indeed deflationary
@@vincentdegennaro3375 why do you think that?
@@astroNexx might be?... It's inflationary simple as that. Satoshi made it that way. We don't have to lie about things. We can cheer for BTC and support it without making things up
Is Balaji aware of MMT? If so are there any videos of him addressing it? The two seem diametrically opposed but yet he never addresses these issues from it's lens to disprove it or even acknowledge it's views.
MMT means have your cake and eat it too. King of France tried it
He has addressed it
Buy and hold bitcoin..rest all r distractions..stidy history of money nd nt just latest tech
Lol. All these Karen Commenters 1) denying that there is a fiat crisis 2) supporting centralized authoritarian governments.
Ew Ethereum.
Anyone else find this totally depressing?.. Even if he’s correct on so much he predicts, it’s super depressing to think abt family/friends that hav zero clue abt crypto. He’s basically saying th majority of Americans will b screwed.
Buy bitcoin and you’ll be fine
kinda... that's why a slow bitcoinisation would be better in tandem with some high inflation for a decade or so... (10% - 15%) this way we might avoid war and other bad stuff
Do you really believe guys with an agenda?
He's just talking up his book. Plus the idea that in order to de-dollarise France will go back to using the Franc?!!@&*??? Huh? What planet is this guy on? And ditch the Euro? The Euro was France's idea!! Sheesh.
Let me be sure I understand. Sensible investors seek investments in reputable states such as El Salvador, Palau, and the United Arab Emirates. The praise for peaceful disposition of the medieval Kingdom of Saudi Arabia is admirable. However, I am not sure Jamal Khashoggi would agree.
Foolish investors will bet on Western democracies, which are collapsing. In the United States, the Republican states that support ruthless strongmen may survive the collapse of the government. China, whose economy is based on selling to the failing United States, will emerge victorious once the largest consumer of its products and source of its wealth collapses.
The call to action is to mobilize a movement that will precipitate all of this. The central question is, if they, the US government monstrosity, can do this to a good man like Putin, what can they do to you? Never mind that Putin invaded a sovereign country and is committing acts of genocide against Ukrainians. These pesky facts are irrelevant to pumping up my cryptocurrency.
Do we have a word for someone who is self-serving and only interested in promoting their own agenda? Perhaps from this day forward, that word should be Balaji.
Reason for no trust societies Balaji's of the world.
Have always listened to Balaji. Incredibly smart guy. But lost a lot of respect for him after this Bitcoin to a Mil in 90 day BS. He turned into just another Michael Saylor pumping his book. I thought he was better than that.
It was a free ad campaign for $1M -- raised awareness; he has plenty to thrive the next 3 generations. It wasnt about the money. We'll see what the effect of his ad was - only coming years will prove how strong the BTC/ETH narrative gets. My hunch is -- it only gets stronger, but expect a lot of volatility in between. This is the acid test for crypto right now...
I respect Balaji for his willingness to part with his $1M and use this bet to generate awareness of what is to come and get everyone to start thinking about it. I doubt he hoard loads of Btc. If it is Saylor who makes this bet, I will assume he is talking his book.
@@simrans3675 ETH 😂
@@markpalmer8083 You are literally on the ETH Global channel and seemed to have missed Balaji's take on ETH. Haha. Love it!
@@ericloh4871 I agree with the awareness part, but Balaji wasn't ever going to lose $1 in this "bet." From the $1M on the front end he put up, or the additional $1M on the back end he said he'd give if it didn't happen, with the amount of BTC Balaji holds, the pump from his comment alone was always going to hedge his "bets." If not even making him a good chunk of change in the process. Again, dude is crazy smart. I'm just not used to ever hearing Balaji with these "pump statements."
I like Balaji and agree with him on most of his points and insights, but the sad fact that he's 100% in line w/ the ridiculous plandemic govt. narrative, makes me rather suspicious. Can he be, esp. as late as spring 2023, that moronic or naiive?
Agreed. An odd anomaly.
@@Mac-ku3xu I hate to say it, but this implies he's a shill. I can't see any other explanation.
@@Mac-ku3xu that makes very little sense, since he's talking primarily to bitcoiners, and there's a high affinity in that community with being red pilled.
Lost all credibility with your silly publicity stunt.
no one care about the opinion of grifter influencer and his 1M$ btc marketing fiesta
Still trust indihole? Bet and then charity? Stop drama lol. U make news for purpose. Ur charity take from your followee
Balaji is God level smart - another proud son of Mother India!
propaganda. Marketing. Fear mongering.
At best, if not worse.