“AI seems like it really goes nicely with Bitcoin, this whole idea of synchronization and harmony and productivity.
I mean, technology was supposed to make things cheaper and make our lives better, and then we invented this fiat nonsense because asset owners couldn't stand the idea that my asset is going to be worth less in rent next year. So instead, we juice the system up with money. Yeah.
Now, AI is great because ultimately it's going to be very deflationary. Like it will bring down the cost of goods because I can make a Salesforce clone tomorrow, and I could deliver it to someone for $500 a year as opposed to $50,000 a year. So that will put downward pressure on prices.
I joke that, and not my joke, but I'll take credit for it. You know, deflation is happening in Bitcoin standards.
Oh yeah.
Like a house used to be 650 Bitcoin four years ago, now it's four.
Yeah, exactly.
So that's...
Everything collapses in price in Bitcoin terms.
So that's what should be happening in fiat terms if fiat was fair, but it's not. And so they keep hyping up the fiat count. “And so the only way that you're going to get off that negative OODA loop of destruction is to put your money the hardest place that you can, and then put your mind into a position to take advantage of the growth that's coming from technology.
Growth mindset. That's a great perspective, too. It's almost like the fiat imposition is trying to fight the creative destruction of capitalism, right?
Like, we want our assets to stay here and go up in price forever. It's like, well, that's not how capitalism works, right? It's like, is it relevant?
You know, there's a point where oil was just like literally, it was waste, right? People would pump it off of their land and people to discard it. And then all of a sudden we figure out, oh, wait, this is a useful idea.
It's got a bit of an energy density, yeah.
And it becomes black gold, right? So we need that ongoing process of realization, discovery, you know, you can't try to create, as you said, if you try to create a static situation where oil has never been valuable and it never will be valuable, well, then you're never gonna unlock the industrial age and additional productivity.
Correct.
Yeah, and it's something about the human condition that just resists that idea so much, that people just wanna get into their groove and stay in their groove.
Yeah. The future is gonna be won by people who are very comfortable outside of their groove and making new grooves.”
From The "What is Money?" Show: Who Will Thrive in a Post-AI World? The Dawn of AI w/ Matt McDonagh (WiM566), Mar 28, 2025
https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400?i=1000701279079&r=10427
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