Chat_137 - The Natural State of Fiat is Dictatorship with Daniel Batten

"Either you don't have a fiat currency or you don't have
a democracy. But the two things together, and this has been
proven, cannot coexist happily without the complete erosion of
purchasing power of a civilization and the complete erosion of an
empire - which is exactly what has occurred and what has occurred
throughout history.
The natural bedfellow for a fiat economy is a
dictatorship.
The natural bedfellow for bitcoin is democracy."
~ Daniel Batten

In this episode I sat down with Daniel Batten, who discovered
Bitcoin's environmental benefits before grasping its economic
power, and his journey reveals something profound about the
nature of fiat money itself.


How did we become trapped in a desire-based economy that rewards
consumption over saving? Daniel traces this back to the 1920s
propaganda campaigns that transformed capitalism from meeting
needs to manufacturing wants—and explains why Bitcoin might be
the antidote to a century of psychological manipulation. But
here's what really caught my attention: if the natural state of
fiat is dictatorship, what does that mean for small nations
trying to maintain sovereignty?


From Bhutan's quiet accumulation of Bitcoin worth nearly half
their GDP to Pakistan's strategic pivot away from IMF dependency,
we're witnessing a fundamental shift in global power structures.
Are we watching the end of financial colonialism? And could
Bitcoin mining on landfills actually turn the waste of Western
civilization into the foundation for sound money? This
conversation will change how you think about money, consumption,
and what it really means to fix the incentives.


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