Bitcoin vs Central Planning: Nassim Taleb's "Antifragile" Part 3 w/ Mike Kelly

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8 • 710 Ratings

🗓️ 1 July 2025

⏱️ 112 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael Kelly returns for Part 3 of our deep dive into Nassim Taleb’s “Antifragile.” We explore how collaboration creates nonlinear upside, why decentralized planning outperforms top-down control, and how creative destruction drives innovation over time. We discuss Taleb’s views on risk, volatility, and Bitcoin, consider why ethics and transformation require skin in the game, and observe how time is the ultimate judge. Michael J Kelly III, is a producer and creative strategist with a passion for natural science and the intersection of politics and biology.

Transcript

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0:00.0	When you take God out of natural language, you create the conditions in which totalitarianism can flourish.
0:06.0	Typically, the government will step in and say, no, this is the final solution. This is the final plan.
0:10.0	They become God in a way.
0:12.0	Yes. Because that gap has to get filled.
0:13.0	Decentralization is according ourselves with the way nature works.
0:17.0	And central planning is playing God.
0:19.0	So then are we in a capitalist society no we're one
0:22.2	we're one half marxist out of the gate because we have marxist money and ran you're free to ignore
0:27.4	reality but not the consequences of reality what's the consequence of killing all the cats got some
0:32.0	black plague fast forward 30 years two thirds of europe has died the fact that he was a major bitcoin
0:37.2	proponent and then has one spat with a Bitcoiner.
0:40.3	And then he went anti-Bitcoin.
0:41.3	It's like, well, how fragile are you?
0:42.3	Dude.
0:43.3	He wrote the forward to the Bitcoin standard.
0:45.3	He goes inherently pretty fragile.
0:47.3	Everyone owns everything.
0:48.3	That means nobody owns anything.
0:50.3	The state owns everything.
0:52.3	What then really is the takeaway here? Just abandoned planning?
1:00.9	Yeah, so getting back to the overlap with Matt Ridley's argument. I'll read a little bit more here. Now Teleb is
1:13.6	talking about Mad Ridley's writing and he says, collaboration has explosive upside. What is mathematically
	...

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