Many bitcoiners, even those who don't think you can ban Bitcoin, acknowledge how difficult governments

could make it for their citizens to interact with it.

But what they believe that someone like Dahlio doesn't understand is that there is a paradigm

shift in power on a more fundamental level.

This is the shift in power from states to network.

Bitcoin is both an outgrowth and an accelerant of this

shift from state power to network power. And like trying to squeeze your fist around water in an

ocean, Bitcoin will, like all network power, simply flow elsewhere. Welcome back to the

breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by nexo.io, Casper, and NEM, and produced and distributed by CoinDes.

What's going on, guys? It is Tuesday, March 16th, and today we are talking about Ray

Dallio on dumb dollar debt, Bitcoin controls, and a coming assault on capitalism.

Quickly before that, just a little bit of housekeeping, I just wanted to mention something.

You'll probably notice that in the next week or two, I may have

fewer guests than normal. This isn't because of any sort of moving away from having guests

on the show. In the long term, I think the right balance is something like two to three guests a week

and three to four regular shows per week. However, with the new baby, the scheduling of guests

gets a little bit hairy,

and so I'm probably going to be backing off that just for a minute. It will not go away. And in fact,

if you have guests that you're specifically interested in, I'm also really conscious of the fact

that with so many great podcasts out there right now, it can be kind of a junket where you hear

...