Hello fellow rebel capitalists hope you're well I'm here with my good buddy Jeff Booth and he

text me the other day and he said you know George we got to talk about Bitcoin

It's not just the normal stuff that you're on Finn Twit. He says there's a problem here and there's a problem within the

Bitcoin community the way they're actually looking at the world. And I said absolutely Jeff, because you're one of my favorite people to talk to.

So I wanted to have him on the show so he could explain exactly these important topics that I assure you not only pertain to

Bitcoin but more importantly pertain to your freedom, liberty, and free market

capitalism. So on that note, my friend, you've got the mic.

Yeah, so I specifically wanted to do this with you George because I think you and

I had a couple of debates on what the existing world was looking like and what

Bitcoin was looking like and I think it was such a respectful kind of I totally saw your point you saw mine and at the end of that and you correct me if I'm wrong if if I have this wrong but the but we both got to the spot that you could see both people's perspectives and if given a certain if

Bitcoin stayed decentralized and secure and people used it as a currency, then that world would happen.

And I saw your perspective that most people wouldn't, and they would give their control

to the existing system and it would consolidate

Bitcoin. So I think in the in the nuance of that is where we could both see each other's point of view on what was happening.

Is that fair?

That was a while ago, but if I remember correct, Jeff, our main disagreement was kind of in the timing as far as if we go into a Bitcoin world

is it going to be lent in a fractional reserve type way? And to me, that's connected to it.

Yeah, my position was yes, it probably will be just based on what we've seen in the past.

And your view was it would at the beginning but likely over time we would revert back to a more full reserve system.

Yeah. And that's our biggest point of contention as far as I remember.

Yeah, so that's actually perfect because I think the nuance of this

conversation is so important on what's because anytime there's change in the world, especially drastic like this, the change comes from people seeing that and kind of the free market deciding or one or which one is right.

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