E205: Bitcoin vs. CBDC
E205 Introduction
Hello Basecampers. Today is Season Five’s last episode about Bitcoin. That might be a relief to some of you. Next season it will be on the docket again though. Why do I include these as part of the center of the Basecamp curriculum? Well, because it gives us maximum optionality, to use a concept that my guest is fond of.
Why do I love Bitcoin? It represents everything the state and the Globalists hate: freedom, sovereignty, optionality, self-responsibility, WE THE PEOPLE. They want us to continue to adopt systems with a centralized control structure. WE THE PEOPLE counter with decentralized money and systems that will drastically alter our future and the possibilities that await us.
Oh, it will take awhile to cleanse our souls of the taint of fiat money-its corruption, debasement, its massive wealth inequality, to mention just a few. But the more you study Bitcoin, the more it reveals itself as a great ally to humanity. A quiet warrior who snuck behind enemy lines to detonate a fucking bomb into systems that sought to centralize everything into a system meant to suffocate and suppress all human expression of individuality, joy, and personal freedom.
Did you know that the US Dollar has lost 97 percent of its purchasing power since 1913? Did you know that the dollar has lost 17 percent of its purchasing power in just the last 3 years alone? Something has to give.
Do you still think Bitcoin is a passing fad with no intrinsic value? Well, it has become the fastest asset to reach 1 trillion dollars To put it in perspective, it took Microsoft 44 years to reach 1 trillion in market cap. Apple took 42 years, Amazon 24 years, and Google 21 years. Bitcoin achieved this in just 12 years! And we haven’t even got to the institutional adoption yet that will just get accelerated with the spot ETF approval that looks to be heading our way in early 2024. Bitcoin looks like a loaded spring from where I sit. Do yourself and your family a favor and get off zero bro? Yes I’m talking to you. Don‘t stand around flat-footed wondering what is what. At this point, I think you have all the information you need.
Here are a few memes that relate to today’s show. One from Bitcoiner and visionary author Jeff Booth who says “Imagine watching what happens to other nations and their people as their currencies lost value yet failing to connect the dots to the consequences of it in your own country. Imagine.”
And one from author Tom Clancy, who says “What the government is good at is collecting taxes, taking away your freedoms, and killing people. It‘s not good at much else.”
And a longer one but illuminating. I don‘t know who posted this, undoubtedly some Libertarian but it says
“125 years ago, you didn‘t have to ask permission form the government to: collect rain water, go fishing, own a property, start a business, build a home, get married, hunt, own a weapon, cut hair, sell a product, protest, sell food.
You can do virtually nothing without being extorted by the government and obtaining their permission first. If you still think you’re free, you‘re deluding yourself. You are just a free-range human living on a tax farm.”
And Jack Dorsey who simply says “Bitcoin changes absolutely everything.”
With these teeing up the episode, let’t get to our interview with Mark. Enjoy.
Mark Jeftovic Bio– My guest today is Mark Jeftovic. Mark is an author and thought leader, a contrarian investor, and the CEO of Easy DNS. Here is my interview with Mark Jeftovic.
E205 Final Thoughts
I hope you all enjoyed that interview with Mark Jeftovic. Mark has a couple of promos for you. The first is from his company Easy DNS. For better domain registration and DNS hosting, go to Easy DNS and enter the code (all caps) BASECAMPFORMEN for 21% off.
And to subscribe to Mark’s excellent newsletter and receive a 50% discount, simply go to either www.bombthrower.com/basecamp or www.thebitcoincapitalist.com/ basecamp.
That is all for the show this week. Thank you Basecampers and we‘ll see you around the fire next week.