68 Comments

1. I have to say this was difficult to watch. It was difficult because Aleks Svetski’s almost fanatical religious perspective on Bitcoin. I could not take him seriously because of his immature stance and unwillingness to see the other side. He spent the entire interview trying to “change” Catherine’s mind on Bitcoin instead of genuinely wanting to learn and engage. He also interrupted her way to many times. I realise we all need to do this together but I would NOT engage with someone like Aleks because of how he behaved in this interview. Catherine you were gracious and kind and super patient. I won’t be tuning in to part two and I am more put off Bitcoin now than before I watched this.

   1. I totally agree, Aleks came across as conceited, and there to teach us, as well as Catherine which he is certainly not in a position to do.

   2. Agreed. He came off as very cold with a disdain for people. Not a likable person , not someone I could trust.

2. Oh also, if you haven’t seen Nunchuk.io’s response to the Ontario Supreme Court when they were commanded to freeze the assets of anyone associated with the Canadian trucker convoy, you need to see it. It made me realize that not all wallets are created equal. Some are more vulnerable than others.

   https://twitter.com/nunchuk_io/status/1494885897577271299

3. Interesting conversation. I would be keen to see Catherine and one of her technical experts (who is well informed about the possible attack vectors) debate with someone like Robert Breedlove (who is very well versed and passionate about BTC, but knows better than to patronize someone of Catherine’s experience). This interview gives a pretty good scope of Robert’s understanding and style.

   YT Vid: Bitcoin’s ‘black swan’ event that would wipe the crypto out:
   https://www.youtube.com/watch?v=qqO1RswCuro

   1. Will check out

      1. Thanks. Always appreciate you sharing your thoughts. I just finished watching this one hosted by Jordan Peterson, who has Robert Breedlove as one of his guests. Also a very effective and illuminating discussion: https://www.youtube.com/watch?v=iVym9wtopqs

4. What comes to mind when I think of “crypto” is,
   The king has no clothes.
   It is not appealing at all to me.

5. Satoshi Island – official home for blockchain-based “democracy”, with cybertecture boxes for 24h surveillance of its inhabitants.

   https://twitter.com/satoshiisland/status/1486531640822317062

   1. Oh, joy….

6. Any chance we can get this as a downloadable file? Thank you in advance.

   1. Checking

      1. This is a much clearer perspective – people-focused listen to the questions you may have regarding the boundless power of bitcoin and what it can do to establish a new sovereign world through the sovereign individual: https://youtu.be/q0VBC6T62_4?t=135

         A biblical perspective as well.

7. I’ll just set out a few random thought/facts/comments
   1. If Mr Global wanted, rounding up and disappearing 5 million bitcoiners would not be that difficult.
   2. The Bill of Rights is the block to that, and this was omitted from the discussion. does anyone else think that medical mandates are a cruel and unusual punishment?
   3. bitcoin needs to be spent into existence. HODLing bitcoin detracts from its value.
   4. If bitcoin ever reaches $2M per coin it will be the de facto world reserve currency. IMHO this will not happen.
   5. Energy consumption is not necessarily a problem. If, however, zero energy was expended in mining the remaining bitcoin, it would imply that the value of bitcoin was zero. That is not to say that improvements in technology could not deliver equivalent outcomes, or that a new coin could better meet society’s needs, it may simply be that society’s needs have changed.
   6. Taxation is a problem that was not discussed.
   7. I suggest that Old Money plans for two percent annual return on wealth. That is sufficient to capture the excess production.
   8. I suggest that New money tries for a return on wealth in the high single figure percentages per annum. That results in a seneca curve every century or so. I’ll defer to Martin Armstong or the Fourth Turning for the nuances of the dynamics.
   Specifically, government deficit spending and debt accumulation are major drivers of these outcomes.
   9. A 90% loss is what happens when an 80% crash then halves in value.
   10. The main driver for centralised control is deficit government spending, though this is inseparable from lack of oversight of intelligence agencies and banks.
   11. How to get people to see the control grid? begin with 2. above.
   12. In 2003 mortgage fraud was endemic. Almost everyone was happy with that. Even the Churches.

   1. Richard:

      Excellent insights. LOL
      Good idea to bring up the Bill of Rights. Going to get my copy out now.

      1. Thanks Catherine.
         At the back of my mind, there is something about a unified currency in the Lisbon Treaty clauses set to happen by 2025, maybe in a progress report that said progress was slow. I will have a look.

         1. Appreciate whatever you can find.

            1. from Wikipedia (apologies for that but getting to the timetable is difficult)
               https://en.wikipedia.org/wiki/Economic_and_Monetary_Union_of_the_European_Union#Second_EMU_reform_plan_(2015–25):_The_Five_Presidents’_Report
               /quote
               Completing and fully exploiting the Single Market by creating an Energy Union and Digital Market Union.
               /unquote
               The EU want competing internal currencies gone by 2025. (my summary). I’ll keep searching for “Digital Market Union.”

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