The Magic of Bitcoin with Tomer Strolight

 
 
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“Fiat Money is like this dark magic, it distorts all those magical properties which allows for this immense coordination across billions of people in the world without ever having to talk to one another...fiat money destroys this, and Bitcoin fixes it.”
— Tomer Strolight

SHOW DESCRIPTION

Location: El Salvador
Date: Saturday May 8th
Project: tomerstrolight.medium.com
Role: Writer

The inflationary aspects of fiat money and the ultimate control wielded by the central banks create a rigged game that forces us to consume rather than save. As Tomer Strolight puts it, ‘time-travelling thieves are stealing our energy and wealth’. As the soundest money the world has ever known, the magical qualities of Bitcoin fix this.

Tomer Strolight has been pondering Bitcoin’s profound implications for nearly a decade. His writings are unique, elegant tidbits of helpful perspectives for bitcoiners, new and old.

In this interview, I talk to Tomer, and we discuss his many short articles on Bitcoin, the dark magic of fiat money, and why Bitcoin is the most important thing happening in the world.

TIMESTAMPS

00:03:46: Introductions
00:05:12: Bad investments
00:07:46: Tomer's background
00:10:00: Tomer's articles
00:13:07: Money must be fair
00:19:14: Money printing is legal counterfeiting
00:23:46: The consumption spiral
00:26:23: The sun is setting on fiat currency
00:27:40: Anarchism vs minarchism
00:31:57: Transition to a Bitcoin standard
00:34:08: The social safety net
00:44:33: Tomer's article, "Why Choose Bitcoin"
00:50:11: The gatekeepers of fiat currency
00:53:41: Tomer's article, "Why Bitcoin is the Most Important Thing Happening in the World"
00:58:03: Bitcoin fixes bad incentives
01:00:44: Tomer's article: "Why We Need Bitcoin"
01:02:40: Tomer's Satoshi piece
01:04:08: Final comments


 

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SHOW NOTES

PodcastPeter McCormack