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this was such a great episode. a nice primer for the newbies, and an enjoyable listen for some of the more seasoned folk. it felt like Rick did a phenomenal job asking the perfect question at the perfect times. great job Jack. keep it up mane ๐Ÿ’ช๐Ÿผ ๐Ÿซ‚๐Ÿค™๐Ÿผ
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Great conversation. I appreciate both of you and the contribution you bring to society and culture. Jack your explanation of money and Bitcoin is simple and impeccable. I hope you get more opportunities to speak on other podcast that arenโ€™t Bitcoin focused. I believe you would be the perfect person to discuss Bitcoin and money on Joe Rogan if you get the opportunity.
Hey @jack mallers, inspired by your thought that money is an abstract form of time and energy, Iโ€™ve tried to explain with an example how much life time is really stolen through inflation. The way you explain it is already very clear, but when you back it up with concrete numbers, itโ€™s an extra mind blow. The true historical inflation over the last 50 years is about 7% for real estate and stocks. You work and save $100 every month for 35 years, which adds up to $42,000. By the end, your purchasing power is around $15,000, just a little over 1/3. Or in other words: Itโ€™s like you only worked 12 years or worked barely 3 out of 8 hours a day, with 2/3 of your lifetime stolen. Even after spending a lot of time thinking about inflation, I could hardly believe the scam is this severe. I hope with these thoughts, I can give some inspiration back to you and the community ๐ŸงกโœŒ๏ธ
I am only 25 mins so can't speak to the whole podcast yet. But I am really loving that Rick is asking all these fundamental questions and @jack mallers is super in his element. ๐Ÿ‘Œ๐Ÿป๐Ÿซถ๐Ÿป๐Ÿ™Œ๐Ÿป
jack mallers's avatar jack mallers
Orange pilling with Rick. We talk money, time, energy and why #Bitcoin is one of the best tools we've ever created. The harder our money, the better we are. Time and #Bitcoin are the only assets where no amount of demand can create more supply.
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