Why Fiat Ruins Everything & Must Be Destroyed — Jimmy Song

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Jimmy Song, Bitcoin Developer, Educator and Entrepreneur, on the sidelines of the Pacific Bitcoin Festival. Song discusses the fiat system and why "it ruins everything" by promoting distorted incentives in people’s personal and professional lives. Song says that the fiat monetary system needs to be destroyed, exploring its pitfalls and weighing in on how Bitcoin can be its replacement.

*Swan Bitcoin* 👉https://Swan.com
*Pacific Bitcoin Festival* 👉 https://www.pacificbitcoin.com/

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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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Видео Why Fiat Ruins Everything & Must Be Destroyed — Jimmy Song канала Kitco NEWS