Liberty Requires Responsibility. Bitcoin Tech Talk #263

A person recently asked me about what I thought the world would be like on the Bitcoin standard. Would it be less dangerous or more dangerous than now? How much in resources would you have to put into security, especially if you’re very wealthy? How should we prepare for such a scenario?

This topic comes up because the future is very uncertain. We don’t know when some cataclysmic event may happen, and as the past 20 months have shown, such events can have some serious knock-on effects that change nearly everything. Bitcoin, in that sense, is a giant change that will have significant consequences in all aspects of life.

I spend a lot of time thinking about this and enjoy trying to figure this out with other people on my podcast, Bitcoin Fixes This. I’m optimistic about how Bitcoin changes things and how it’ll fix a lot of the problems we see, which is what makes interviewing people and speculating about the future so much fun. That’s not to say that there are no downsides. Indeed, a lot of what we take for granted now will have to be re-thought.