The Philosophy of Bitcoin and How it Could Change the World As We Know It | Robert Breedlove (Replay)

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 8 July 2024

⏱️ 131 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you've been following the cryptocurrency and NFT conversation with us recently, you’ll appreciate this incredible conversation with Robert Breedlove, a freedom maximalist and bitcoin-focused entrepreneur. If you haven’t been following along, jump in now. This episode is less NFT and crypto wallet focused and more educational in that Robert breaks down inflation like very few can. Understanding something at its foundational level allows you to really think from first principles, which empowers you to make better decisions. Cryptocurrency is built on technology and Bitcoin has been performing like no other asset in history, but why and how is this possible? You may need to listen to this a few times, and may be even better with pen and paper to take notes. This is a crash course and deep dive on money, inflation, what property is, and why assets matter. Robert shares 5 properties of money: 1. Divisibility 2. Durability 3. Recognizability 4. Portability 5. Scarcity [Original air date: 10-12-21]. SHOW NOTES: 0:00 | Introduction Robert Breedlove 0:34 | Inflation and Fiat Explained 6:17 | Defining Money & Property 10:47 | Compromised Property Value 16:05 | Wealth Redistribution of Assets 23:59 | What is Money 26:16 | The 5 Properties of Money 33:51 | Central Banking Corrupt Power 40:13 | Counterfeit Inflation 48:32 | Life, Liberty and Property 56:48 | Bitcoin Absolute Scarcity 1:07:21 | Government Disruption 1:13:50 | Declining Power of Government 1:23:20 | Implication of Bitcoin 1:30:47 | Purchasing Power of Bitcoin 1:40:43 | Sovereign Individual Insights 1:48:30 | Decentralized NFTs & Crypto 1:51:03 | Thank God for Bitcoin SPONSORS: Head to https://netsuite.com/THEORY for Netsuite’s one-of-a-kind flexible financing program for a few more weeks! Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Robert Breedlove. Welcome to the show, man. Glad to be here, Tom. Thank you for having me.
0:08.5	I am very excited to have you. And I have recently gone way down the Bitcoin and cryptocurrency rabbit hole.
0:17.2	You come up early and often when somebody does that exploration.
0:22.7	And I feel like I have a, I felt like I had a very intuitive understanding of what money is.
0:29.2	You know, it's been a huge part of my life pursuing the accumulation of wealth.
0:33.9	And then you hear the phrase from you, which stopped me in my tracks, which is inflation is theft.
0:40.2	And it didn't make sense.
0:41.7	Like it wasn't that I disagreed.
0:43.4	It was that I couldn't make the sentence make sense.
0:46.6	And I realized that I always thought of inflation.
0:49.8	And we're going to get to answering the question around what is money, why Bitcoin is useful, all of that.
0:54.8	But to me, to attack that head on doesn't work as well as talking about why inflation is theft.
1:01.8	Because I had mistaken it for a fundamental property of nature.
1:05.7	I just never thought beyond that inflation exists.
1:09.0	And it's roughly 2% a year.
1:10.5	And that is what it is.
1:11.3	Yeah. And then I encountered Michael Saylor and him talking about hyper inflation. I was like,
1:15.9	wait a second. What? Because I literally told my money manager, I want to be as close to my money
1:20.1	buried in the backyard as humanly possible during COVID, right? Because I didn't, I didn't know where
1:24.9	that was going to leave us. Why is inflation theft?
1:29.1	And maybe what is inflation? Yeah, I don't think you should feel bad not understanding it at the
1:36.7	outset. I actually have argued in some of my writing that it's a euphemism. You know, the idea of
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Impact Theory, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Impact Theory and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.