The Fiat Elite (Full Version)

Every passage, on the record.

1. 00:31Claim

   Really no updates means that the thesis continues to remain strong and has not been disproven, and nothing with regard to price or new participants coming on the network has proven that to be inaccurate.

2. 01:43Idea

   Now, what is the best possible position, you ask? That is to have more energy in the future than I have right now. So I am constantly looking for ways to guarantee that I can have more energy reserves in the future than I do right now.

3. 01:43Reference

   If there was some area of the thesis around Bitcoin and what it can solve and what it can do for the extended order as a whole, if there was some flaw in that thinking, I would want to know first because I would be able to react before everyone else.

4. 02:20Claim

   The further along you get in the fiat world of legitimacy when it comes to understanding the world of economics, how the extended order operates, the less incentive you have to do the hard work to begin with.

5. 02:20Claim

   This really does hold back individuals who would appear smart enough, who have jumped through the legacy hoops enough to actually get time on mainstream media to be able to talk about these things.

6. 02:59Claim

   When you start from a foundation that is shaky or flat out wrong, you don't understand money in the first place, and that means that every calculation you place on top of that foundation is going to be wrong.

7. 03:31Claim

   These so-called fiat elitists, in terms of scholarship, in terms of academia, are going to react the exact same way, because they are programmed to react this way, because they all have some version of this incorrect foundation to start from.

8. 04:06Claim

   When you're dealing with individuals who will be brought on by legacy media to discuss the differences between what the government and what the fiat system is offering up as a solution, and what Bitcoin is offering up as a solution, or what they will throw in Bitcoin with all cryptocurrencies, that should be the first red flag when they do that, because now you are attacking something that is entirely different from Bitcoin.

9. 04:46Quote

   Bitcoin couldn't be further from what the crypto space is offering, and it's much more aligned with the fiat system.

10. 05:23Claim

    It makes no sense from a first principles point of view, when it comes to understanding what money is, why it exists in the first place, and how a new improvement in the technology can make that tool significantly more efficient.

11. 06:04Analogy

    While people that are blinded by the fiat matrix can't see past the solution, right, they can't even identify what the problem is. And so you simultaneously have to unlearn a system, and at the same time learn what the future is going to look like.

12. 06:04Quote

    I often say that normies that they are fighting in a war that they didn't know was taking place, right, and that's bad.

13. 06:56Quote

    They're fighting a war that they didn't know existed, and they're on the losing side, and they have to opt in to being on the winning side, and on the side that is actually right, and just, and will create the most abundant future possible for everyone that they know, and everyone that will ever be.

14. 06:56Reference

    So with all that being said, we're going to focus on a former Greek finance minister. His name is Yanis Varoufakis, and he's a Greek finance minister from 2015.

15. 07:28Event

    He became very well known in the European world and the global world in 2015 when he had a little spat with Mario Draghi, who was at the time the head of the ECB.

16. 07:28Reference

    He became very well known in the European world and the global world in 2015 when he had a little spat with Mario Draghi, who was at the time the head of the ECB.

17. 07:28Claim

    He got his PhD in game theory, which we will see is going to be incredibly interesting for someone that has jumped through the legacy fiat education hoops to have a PhD in game theory, and to misunderstand or to misread a situation as bad as he does, that will show you the quality of the kind of education that is now being put out.

18. 09:10Reference

    His solution is cheap energy. Now, the way that he gets there, that will never happen. So what he is advocating for, the solution that he would like to see, is what emerges from Bitcoin naturally through the incentive model.

19. 09:10Prediction

    His solution is cheap energy. Now, the way that he gets there will that will never happen. You couldn't think of a worse way to get there in terms of things actually working.

20. 09:10Claim

    The emergent properties of Bitcoin allow for the results that his terrible solution are actually aiming for. So that is talk about irony.

21. 09:40Reference

    He believes that Bitcoin creates oligarchic structures, which are dangerous to the west of the world and negatively impact the global economy by essentially creating digital serfs. And he has stated numerous times that he is a huge fan and advocate of CBDCs because they cut out what he sees as the enemy, which is the commercial banking system.

22. 10:15Reference

    He calls it democratizing the money supply. And to do that, there is this choke point, which is the commercial banks, and those commercial banks then don't lend on in times of crisis and creates issues.

23. 10:15Quote

    He has stated multiple times, and proudly so, that he doesn't know the problem Bitcoin solves. Yet he advocates strongest for the exact thing that Bitcoin solves for, right?

24. 10:47Claim

    That's how blinded he is in his ability to read the situation and understand the mechanics of what is going on under the hood.

25. 10:47Idea

    This is his full time employment, this is his job, the reason that he exists in the world today and the value that he brings, the energy that he transforms, and he cannot see it.

26. 10:47Claim

    That should give you some, at least a small glimmer of hope, that there is some hope for you, that you can keep going, that it is not unusual when you first come upon Bitcoin to be slightly misguided in your approach.

27. 11:40Reference

    Yanis would say that the problem is that CBDCs aren't used correctly by the other guys. CBDCs could be used for good if they were only used by the right people, if only I was, or people who thought like me were in control. His argument is that it is the commercial banks in the current system that separate the people from their money, and without them all would be stable and good because no one would maliciously tamper with the money supply.

28. 12:18Claim

    First red flag is blockchain style anything. That is fiat for I don't understand the technology, I have no idea what I'm talking about. When you say a blockchain style anything, you have not done your homework. You don't know the underlying technology, you don't understand it, you don't understand the implications of that technology now existing before when they didn't.

29. 12:51Quote

    Blockchains are not new. They aren't the breakthrough. If someone says that they are, they are either the enemy or an idiot, but most likely they are both.

30. 12:51Claim

    Blockchains are inefficient databases that have a single use case, as many, many more well spoken individuals than myself have laid out in the Bitcoin space.