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

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.7 • 5.1K Ratings

🗓️ 8 July 2024

⏱️ 131 minutes

🔗️ Recording | iTunes | RSS

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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. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Impact Theory episodes, Tom AMAs, and so much more!* This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's episode of impact theory is sponsored by Range Rover Sport.
0:04.5	The new Range Rover Sport is the most desirable, advanced, and
0:08.9	dynamically capable SUV and you guys know I love staying on the cutting edge with technology.
0:14.0	So if you strive to perform your best in life, bringing your energy and abilities into
0:19.3	everything you do, then explore the Range Rover sport at Land Rover USA.com that's Land Rover USA.com.
0:30.6	Robert Breedlove,
0:34.5	Love. Welcome to the show, man.
0:36.2	Glad to be here, Tom.
0:37.2	Thank you for having me.
0:38.2	I am very excited to have you, and I have recently gone way down the Bitcoin and cryptocurrency rabbit hole.
0:46.0	You come up early and often when somebody does that exploration and I feel like I have a I felt like I had a very
0:56.8	Intuitive understanding of what money is you know I spent a huge part of my life pursuing the accumulation of wealth and then you hear the phrase from you
1:06.7	which stopped me in my tracks which is inflation is theft and it didn't make sense
1:11.1	like it wasn't that I disagreed it was that I couldn't make the sentence
1:15.0	makes sense and I realized that I always thought of inflation and we're going to get to
1:20.2	answering the question around what is money why Bitcoin is useful all of that but to me to attack that head on doesn't work as well as talking about why inflation is theft because I had mistaken it for a fundamental property of nature.
1:35.0	I just never thought beyond that inflation exists and it's roughly 2% a year and that is what it is.
1:41.0	And then I encountered Michael Saylor and him talking about hyper inflation.
1:45.2	I was like, wait a second.
1:46.2	What?
1:47.2	Because I literally told my money manager, I want to be as close to my money buried in the backyard
1:50.6	as humanly possible during COVID, right?
	...

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