Bitcoin and Wealth Redistribution
From Bitcoin University
## Video Description
> In this video, I discuss how Bitcoin is antithetical to the violent redistribution of wealth, and dehumanizing fiat consumerist culture.
> Bitcoin ties the hands of governments who want to pick the pockets of their populations through money printing and currency debasement.
> Unlike fiat culture which encourages high time preference behavior and mindless consumerism, Bitcoin HODL culture encourages low time preference behavior, capital formation, and prioritizing people over possessions.
> Hodling/saving is necessary for capital formation, which is essential for human ventures and flourishing. Bitcoin levels the economic playing field for 8 billion people, giving power even to people who live outside countries with relatively strong fiat currencies.
> An economy on a Bitcoin standard will usher in a new cultural renaissance, similar to what the Florentine florin did for the Italian Renaissance.
originally posted at