Fiat is an Addiction, Bitcoin is the Cure w/ Ivan Makedonski (WiM594)

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

🗓️ 13 June 2025

⏱️ 125 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ivan Makedonski joins us to explore the idea of “digit addiction”, if Bitcoin’s survival depends on it scaling as a medium of exchange, and how money reflects back our deepest emotional patterns. We discuss the importance of a standard unit of measurement, the value of legacy planning, and the physics of power projection, showing how Bitcoin realigns human cooperation, reshapes capitalism, and forces us to rebuild the user experience from first principles. Ivan Makedonski is a contributor to Bitcoin Magazine and currently building “Breez”, which helps bring Bitcoin Lightning Payments to every app.

Transcript

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0:00.0	Fiat money is a form of digit addiction.
0:03.0	The digit addiction pandemic.
0:05.0	This dishonest ledger is like a hard fork of reality.
0:08.0	We have the illusion of getting more for less.
0:11.0	The fiat babies are declining.
0:13.0	The Bitcoin babies are increasing.
0:15.0	Second and third generations also going for our side.
0:19.0	The popular misconception that we're in late stage capitalism,
0:22.3	we're actually in some form of pseudo-capitalism.
0:25.0	I actually refer to it as being like a game theoretic fucknest.
0:28.6	My mother was the business lady and the main provider.
0:31.5	My stepfather decided to kidnap and kill her.
0:34.0	For me, is a second-order consequence of manipulation of digits can contribute.
0:40.0	You were able to take traumatic personal experience and to alchemize that and to make it your
0:44.8	life's mission to contribute to Bitcoin.
0:46.8	I want to defend the psychopaths.
0:49.4	That is it.
0:50.6	Proof of work.
0:51.4	It's not just a consensus mechanism.
0:53.1	It's a philosophy of life.
0:55.0	Work is not relying on somebody paying it.
0:57.0	Work is moving things through time and space.
	...

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