61: Elon Musk and Media on Bitcoin

What a wild week in Bitcoin. We first offer a clarification on whether or not Bitcoin is a ponzi scheme. Then, we go straight into speaking about the recent drop in price of Bitcoin, largely caused by Tesla's decision to stop accepting Bitcoin as payment. This prompted us to "re-hash" the environmental debate. Lastly, we shared real-world stories about people using Bitcoin to uplift themselves out of the grips of financial censorship and inflation.

 

Links mentioned:

• Story of Syrian Refuge
• Venezualan Economist
• Bill Maher on Bitcoin

 

(00:00) - Introduction

(01:58) - Clarifying some thoughts from Ep 60 - Is Bitcoin a ponzi scheme?

(08:46) - Tesla's statement, the price of Bitcoin falling, and the representation of Bitcoin in the media

(14:18) - Bitcoin as an investment, vs Bitcoin as money

(17:22) - The Tesla Situation, and revisiting the Environmental Debate

(29:12) - Mainstream media and its one sided portrayals of Bitcoin

(37:57) - An example of a Syrian refugee in the Netherlands

(40:27) - Closing Thoughts

 

Edited and Mixed by Kaushik Sethunath.

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