Zuby
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Money Is Broken And Bitcoin Will Save It - Jack Mallers & Zuby
Posted
July 8, 2024
Views
2,849
Likes
198
Comments
53
Engagement
8.81%
July 8, 2024
2,849
198
53
8.81%
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7:45Now PlayingWatch the full episode with Jack Mallers here:
In a conversation between Zuby and Jack Mallers, they discuss the decline of the monetary system since moving away from the gold standard in 1971. They emphasize how inflation devalues stored labor and energy, making it increasingly difficult for people to achieve financial stability. They highlight that historically, people could buy homes and live comfortably with less effort, but today, due to currency debasement, it takes significantly more time and energy to afford basic necessities.
This devaluation leads to societal issues such as delayed marriage, declining homeownership, and increased civil unrest. They advocate for Bitcoin as a solution, proposing that fixing the broken monetary system with a decentralized, fixed-supply currency like Bitcoin could alleviate many of these problems and restore the value of individual labor and energy.
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