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Kane McGukin
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#Bitcoin + Monetary Innovation. My opinions are my own and not financial advice. Navigating Bitcoin’s Noise 🎙️http://apple.co/3wFbiiq

How We Got Here:

1980s: Do your job / Finish the task

1990s: Do my job / Find someone to Finish the task

2000s: It’s not my job / I’ll hand off the task

2020s: I don’t need a job / AI + machines will finish the task.

Work is the central component to our human CPU.

This is how you go from a productive economy

> to service economy

> to unproductive economy

Yes, as long as it remains politically uncaptured… the current battle.

No. They are a “reserve asset” for central banks. So, technically yeah, they can make more loans off them.

It was intended as a digital currency for central bankers but the tech wasn’t there. The intent was to solve the currency issues of the 1970s which we still face today.

BITCOIN IS GLOBAL MONEY FOR AN INTERCONNECTED WORLD

https://bitcoinmagazine.com/business/bitcoin-global-money-for-world

USD is not a real thing, but a basket of 6 global currencies. Basically the G7, old G5.

SDRs brought China to the table and is a basket of 4 major currencies and USD (a basket of 6). Effectively, another monopoly dollar/liquidity mechanism.

The IMF uses it at the CB level to create loans on a country to country basis.

Probably one of the most important #Bitcoin  pods in the last 3yrs if not more.

Fundamentally, each have a great read on how a micro asset fits into the macro picture.

They paint the future view well and I share many of the same views.

https://podcasts.apple.com/us/podcast/what-bitcoin-did/id1317356120?i=1000628247321

https://x.com/jeffsnider_aip/status/1704328245804417263?s=46&t=BCZ86Q6VE35kiDHSK1Vf6w

#Bitcoin  and other money (transfer) protocols *solve* the problems Bretton Woods, Volcker and SDRs couldn’t.

In the 1940s & 1970s we lacked monetary and communications technology to truly make money global and instant.

https://bitcoinmagazine.com/business/bitcoin-global-money-for-world

Very applicable to the state of #money, #Bitcoin  and the entire cryptocurrency ecosystem, now and into the next decade.

It’s how we get to where we’re going…

The old and new look much the same but this time with #Bitcoin optionality.

People will lead themselves by choosing to follow shiny objects over truth.

Seek to understand.

Unfortunately one of the easiest tasks they have, and one thing you can point to and say, “hey, the government is actually good at that”.

Or, the average person is just dumb. 😂😂 Still too early to tell.