The Moral Case for Bitcoin with Jimmy Song - WBD488

Jimmy Song is a Bitcoin educator, developer and entrepreneur. In
this interview, we discuss Bitcoin’s growing political power, how
Lightning has better privacy properties than Monero, why
decentralisation is binary, and the moral case for Bitcoin.


- - - -


There is plenty to be concerned about in today’s world: economic,
social, and political issues are compounding in severity.
Solutions from governing elites are in short supply. And there
seem to be bad faith actors at every turn. Imagine then a world
without Bitcoin.


But whilst people may thank God (or blind serendipity) for
Bitcoin, we also need to be cognizant of, and prepared for, the
associated pitfalls and critical examinations.


A powerful and growing constituency of Bitcoiners, who cut across
political divides, is seen as ripe for cultivating by ambitious
and power-hungry politicians. How do we distinguish between
genuine support for the community and exploitative manoeuvring?


Further, what about Bitcoin’s fixed monetary policy? In a time of
rampant monetary and fiscal stimulus, where inevitable
inflationary effects are beginning to bite, Bitcoin’s potential
as an unrivalled store of value could see its adoption
accelerate.


Those in the industry contend with these concerns at regular
intervals. What is apparent is that Bitcoiners are kept energised
by Bitcoin’s most unique utility: its strong moral underpinning.
This is one of the attributes that give people faith that Bitcoin
can be the basis for a better world.