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The Rubin Report

What People Still Get Wrong About Bitcoin | Alexander Lloyd Interview

The Rubin Report

Emma Dog Productions

News Commentary, News, Politics

4.513.9K Ratings

🗓️ 1 July 2021

⏱️ 13 minutes

🧾️ Download transcript

Summary

Dave Rubin of The Rubin Report talks to venture capital investor Alexander Lloyd about the promise and many misconceptions of Bitcoin. Alexander explains how Bitcoin, blockchain technology, and decentralized finance have the potential to help people around the world who lack access to capital and protect them from government fiat currency problems like hyperinflation. He also debunks some of the main misconceptions about Bitcoin. He explains how it isn’t as anonymous as people think and that Bitcoin mining isn’t bad for the environment and mostly uses renewable energy sources. Alex also explains why he was an early investor in Locals and how he thinks Big Tech’s power needs to be challenged. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

All right, I'm Dave Rubin. We are on location in Miami. I am with Alex Lloyd. Co-author of

0:14.4

the little Bitcoin book, Why Bitcoin Matters for Your Freedom, Finances, and Future. We're

0:20.9

obviously in the right city for that. So Lloyd, why does it matter?

0:24.7

No, we came at this book from a human rights perspective. One of my co-authors, Alex

0:31.0

Glasstein, is a chief strategy officer of the Human Rights Foundation. And there

0:35.7

were a lot of books out there about the technical nature and the financial nature of

0:39.7

why Bitcoin is important. This one really gives more socio-political aspect.

0:45.5

Why everyday people are going to, a bit point, is going to be important to them. And that's

0:50.4

kind of the angle we took.

0:51.6

So we talked about this a little bit at dinner last night. I mean, basically, you think

0:55.6

Bitcoin will sort of free people as these systems around us kind of go down. Is that fair

1:01.8

to say?

1:02.8

I think what it is, it's a democratization of capital. If you think of the history of

1:07.3

how individuals got more power in the world, it started with democracy. There's a lot

1:12.8

of steps here. But democracy has a political system. I think another step that you might

1:18.7

think of is freedom of speech in the internet, which let anybody be a publisher and a creator.

1:25.4

And I think Bitcoin is the next step, which is people can be their own banks and have

1:29.9

their own individual freedom. Whereas the internet in a way was a way to let any two people

1:35.7

exchange ideas and information. And Bitcoin is going to be a way that any two people can

1:40.9

exchange value. And that's a big part of this book.

1:45.2

So since most of my audience is pretty tech savvy, but not everybody, for the person that's

1:49.2

watching this right now that has no Bitcoin, they've heard the word Bitcoin. They're like,

...

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