Will Bitcoin Bring the End of the Nation-State? - Max Keiser and Stacy Herbert

Will Bitcoin Bring the End of the Nation-State? - Max Keiser and Stacy Herbert

Max Keiser and Stacy Herbert are early Bitcoin Adopters and the Hosts of the Orange Pill Podcast

Filmed on January 7th and First Premiered as part of the 3 day Vancouver Resource Investment Conference #VRIC21
Host: Jay Martin, CEO of Cambridge House

0:00 Intro
1:03 Orange Pill Podcast
6:44 Will Early Bitcoiners Be The New State?
12:31 Michael Saylor & Microstrategy
16:05 Central Banks Begin to Fail in 2021
18:04 Is Bitcoin a Bubble?
26:00 What Could Go Wrong with Bitcoin?
31:16 The Last Chance to Avoid Collapse was 2008
33:23 FED and Wall St Corruption
Notes From the Interview

I think we're going to see the beginning of the desolate dissolution of this nation state as a model, we're going to see one of the major central banks go under in 2021.

Theoretically, that Bitcoin could be challenged. One would be to try to control the network in some way. But no state or group of states have the computational ability at this point to attack Bitcoin that's running at 150 quintillion calculations per second, there's simply no system in the world that's anywhere near this.

And there's another factor here, which is, I think, plays into this idea that gold bugs have where Bitcoin where gold is physical, and I can hold it and Bitcoin is not, and so therefore, I can't really accept it.

One thing to keep in mind is with Bitcoin, there is a physical element to it because the encrypted shield that keeps the Bitcoin community separated from the state is impenetrable, that essentially when you're in the Bitcoin network when we're transacting a Bitcoin, and we don't need permission, we don't need a bank. You don't need an intermediary. We can transact any two individuals on planet Earth can transact without any interruption. No state, no bank. And there's no ability by any outside force to stop that.

So, in that, and to that degree, it's, it's physical in that sense, if you can think of it in terms of it as a physical attribute, just as a brick wall would be, you cannot run through a brick wall, you know, there's the physical, yeah, object in your way, you cannot penetrate or pierce the encrypted shield that keeps the Bitcoin network free from the state.

So I think gold bugs, if they have that, they think about it in those terms, they can migrate over from gold and start to see Bitcoin and understand the Bitcoin use case and the Bitcoin value proposition, and you get more of the gold crowd into bitcoin.

We're a technology driven species at this point, and you can look at a 5000 year history relying on an asset, but so much has changed in the last 100 years, I don't know how relevant it is anymore.
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