“The slave system that we live in today, the fiat system, what it does is it extracts wealth from the future, from the unborn...and then we’re anticipating that technology or deflation is going to solve this problem that we created by stealing from the future, but it’s a Catch22 because if no one builds the future, then there’s not going to be a beautiful future for them to inherit, and all their going to inherit is death.”
— American HODL

American HODL is an OG Bitcoiner who has been promoting the innovation for over 8 years. In this interview, we discuss a whole range of topics from free speech, the idea of a Bitcoin citadel, scaling Bitcoin and the race to hyperbitcoinisation.

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Back in June, American HODL tweeted “If you’re new, you may not know that [Balaji Srinivasan] offered up the concept of voice vs exit back in ‘15. Voice = interior reform. Exit = voting with feet. Since then exit has become the rallying cry for many. Balaji and other proponents have already left. Here’s why I’m staying…”

Is the concept of voting with your feet and leaving the city, state or country that is your home defeatist? Instead, should we be concentrating on staying, and reforming our own communities?

The degree to which a distorted currency distorts reality is certainly underappreciated outside of Bitcoin, and the wide ranging implications of Bitcoin as a global monetary system are yet to be seen, but rather than exiting the system, by staying and cleaning it up we will see what Bitcoin can actually fix.

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This episode’s sponsors:
Iris Energy - Bitcoin Mining. Done Sustainably
Ledn - Financial services for Bitcoin hodlers
Bitcasino - The Future of Gaming is here
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
Unchained - Secure your bitcoin with confidence

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WBD693 - Show Notes

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What Does Bitcoin Fix? With American HODL

The Peter McCormack Show

What Does Bitcoin Fix? With American HODL