The Downfall of Fiat: Why It Needs to Go - Jimmy Song

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, sits down with Jimmy Song, Bitcoin Developer, Educator, and Entrepreneur, at the Pacific Bitcoin Festival. In this engaging discussion, Song delves into the problems associated with the fiat monetary system, arguing that it disrupts incentives in both personal and professional spheres. He makes a compelling case for the necessity of dismantling the current fiat system and highlights the potential of Bitcoin as a worthy replacement. Join us for this eye-opening conversation.

Follow Michelle Makori on X: @MichelleMakori (https://twitter.com/michellemakori)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow Jimmy Song on X: @jimmysong (https://twitter.com/jimmysong)

00:00 - Intro
01:12 - 'Fiat ruins everything'
09:04 - Decay in progress
18:30 - 'Fiat money makes us obsessed with money'
22:05 - Using homes as an investment vehicle
27:29 - Gold standard
31:12 - Bitcoin
36:05 - Fiat ruins marriages, families and relationships
50:59 - Dangers of bringing Bitcoin into traditional finance space

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