WEBVTT
1
00:00:09.439 --> 00:00:11.800
Welcome to the Crypto one on one Show, where we
2
00:00:11.880 --> 00:00:15.560
dive into the world of cryptocurrencies, bitcoin, blockchain, and all
3
00:00:15.560 --> 00:00:18.839
the technology with it. Whether you're experienced or a beginner
4
00:00:18.879 --> 00:00:21.960
to crypto, our goal is to break down complex concepts
5
00:00:21.960 --> 00:00:24.199
and make it easy for you to understand the basics,
6
00:00:24.679 --> 00:00:27.359
from Bitcoin to all coins. We'll cover it all in
7
00:00:27.399 --> 00:00:30.079
a way that's easy to digest and provide listeners with
8
00:00:30.120 --> 00:00:33.359
the knowledge and understanding they need to make informed decisions
9
00:00:33.359 --> 00:00:36.960
and better critical thought. Sit back, relax, and let's simplify
10
00:00:36.960 --> 00:00:40.039
your understanding of cryptocurrencies on the Crypto one on one Show,
11
00:00:51.679 --> 00:00:56.159
Part seven. What would a full bitcoin transition actually look like?
12
00:00:57.079 --> 00:01:01.240
The scenario based what if episode. I need to start
13
00:01:01.240 --> 00:01:03.439
off by saying this is not financial advice, so if
14
00:01:03.479 --> 00:01:05.319
you are looking for that, the show isn't for you.
15
00:01:05.959 --> 00:01:09.640
The content of this podcast episode is for informational purposes only.
16
00:01:10.239 --> 00:01:12.519
The opinions expressed here are not meant to be taken
17
00:01:12.560 --> 00:01:16.840
as financial investment or any other advice. Welcome back to
18
00:01:16.879 --> 00:01:20.640
the Bitcoin Series. Part seven. What if tomorrow the world
19
00:01:20.640 --> 00:01:24.040
stopped running on dollars and started running on bitcoin. What
20
00:01:24.159 --> 00:01:27.040
happens to your pension, your mortgage, your four O one k.
21
00:01:27.760 --> 00:01:31.280
Would the system collapse into chaos or shift into something new?
22
00:01:32.079 --> 00:01:35.799
And more importantly, who gets left behind? In this episode,
23
00:01:35.799 --> 00:01:38.680
we're stepping out of theory and into a full on scenario.
24
00:01:39.400 --> 00:01:43.280
What would a total bitcoin transition actually look like. We're
25
00:01:43.319 --> 00:01:47.519
talking legacy finance, personal debt, government resistance, and the raw
26
00:01:47.560 --> 00:01:51.400
winners and loser of a monetary reset. No hype, no fear,
27
00:01:51.760 --> 00:01:53.799
just an honest look at what it might feel like
28
00:01:53.920 --> 00:01:58.319
if everything really did change. Let's get into it. Question
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00:01:58.359 --> 00:02:02.680
one the fiat found foundations. What happens to pensions, four
30
00:02:02.719 --> 00:02:06.359
O one k's and debt. Let's start where gets personal
31
00:02:06.560 --> 00:02:11.360
retirement savings, debt, mortgages, the lifeblood of middle class financial life.
32
00:02:11.759 --> 00:02:15.599
In a bitcoin transition, these fiat based structures don't just
33
00:02:15.680 --> 00:02:20.280
quietly carry over. They either get restructured, erased, or revalued.
34
00:02:21.199 --> 00:02:24.560
Let's break that down pensions in four O one k's
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00:02:25.120 --> 00:02:29.360
what's at risk? Pensions and retirement accounts are mostly backed
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00:02:29.360 --> 00:02:34.759
by fiat dominated assets bonds, mutual funds, treasury notes. That
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00:02:34.919 --> 00:02:38.560
means if the dollar weakens or collapses during a bitcoin shift,
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00:02:38.759 --> 00:02:42.639
those assets lose real world purchasing power fast. In a
39
00:02:42.680 --> 00:02:47.199
best case scenario, some pension funds adapt early rebalancing into
40
00:02:47.280 --> 00:02:51.719
bitcoin to hedge. In a worst case scenario, massive devaluation
41
00:02:52.520 --> 00:02:55.960
promises made and yesterday's dollars can't be kept in tomorrow's
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00:02:56.000 --> 00:02:59.039
harder money. Four oh one k's are like a coupon
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redeemable at a store that may no longer exist in a
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00:03:01.800 --> 00:03:06.319
few decades. Reality check, you don't really have the money
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00:03:06.319 --> 00:03:08.520
in your four one k. You have a claim on
46
00:03:08.560 --> 00:03:11.840
a future denominated in a currency that may not survive
47
00:03:11.919 --> 00:03:16.680
a global monetary shift. What about debt, mortgages, credit cards?
48
00:03:17.240 --> 00:03:21.919
This one's trickier and interesting. If debt is dominated in FIAT,
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00:03:22.080 --> 00:03:26.280
and Fiat collapses or inflates into worthlessness, that debt becomes
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00:03:26.280 --> 00:03:29.919
easier to pay off if you earn or hold bitcoin.
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But here's the twist. The creditor loses. The lender gave
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you three hundred thousand dollars for a mortgage that might
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now be worth a few sutochhis. That dynamic cannot hold forever.
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In a mature Bitcoin standard, lenders would shift to denominating
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future loans in bitcoin, creating new dynamics. Harder to get credit,
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lower risk of inflation, and more responsibility on both sides
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of the loan. The big takeaway a full bitcoin transition
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wouldn't just change how we pay for things, it would
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completely reshape how we value things. Think about pensions, four
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00:04:05.120 --> 00:04:08.879
on one k's mortgages. These are all promises made in dollars,
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a currency that's always losing value little by little. That
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00:04:13.199 --> 00:04:17.920
slow erosion is actually built into the system. Bitcoin flips
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00:04:17.959 --> 00:04:22.519
that upside down. It's hard money deflationary by design, and
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00:04:22.560 --> 00:04:25.360
that means the old numbers like three thousand dollars a
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month when you retire or three percent interest for thirty
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years starts to fall apart. Those promises were based on
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a system where the government could print money to fill
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00:04:35.199 --> 00:04:39.000
in the gaps, but in a bitcoin economy, printing isn't
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an option, so everything gets repriced, retirement income, debt payments,
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00:04:43.759 --> 00:04:46.519
even how credit works. And the truth is some of
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those promises just won't hold up under harder money. They'll
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need to be rewritten, restructured, or in some cases abandoned.
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That might sound scary, but it's also honest, because if
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you're relying on a system that only works as long
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as inflation does, then maybe it's not such a solid
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foundation after all. For many that might feel like collapse.
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00:05:07.360 --> 00:05:10.720
For others, it's liberation from a system of future IOUs
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built on inflation and trust. Erosion Fiat denominated debt might
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feel like monopoly money. If the board game rules suddenly change,
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question two, would we see chaos or a smoother transition?
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So let's say it agains the shift. Bitcoin starts moving
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from an alternative asset to the default monetary standard. The
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00:05:32.360 --> 00:05:36.240
dollar loses dominance, central banks lose control. What happens now?
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Scenario one? A chaotic transition. If this shift happens suddenly,
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let's say, triggered by a collapse in trust, a major
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debt crisis, or runaway inflation, we're talking about chaos. Governments
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might respond with capital controls, shutting down exchanges, freezing withdrawals,
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or banning self custody outright. Banks could fail, markets could crash.
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There might be bank runs, unemployment spikes, and political unrest.
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It wouldn't just be economic, It would be emotional fear, anger, confusion,
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00:06:08.879 --> 00:06:12.279
because when people feel like the rules changed overnight, they panic.
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Scenario two a gradual bottom up shift. But what if
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the shift is slow and voluntary? What if people one
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by one begin to opt out of the old system,
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first as savers, then as spenders, builders and citizens. You
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might see a dual economy form Fiat for taxes and bills,
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bitcoin for savings and peer to peer commerce. Over time,
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businesses start pricing in Stoshi's, workers ask to be paid
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in bitcoin. Local communities adopt it before national governments even
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realize what's happening. That kind of transition could be surprisingly smooth,
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not painless, but organic. Think about how quickly people switch
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from cash to venmo or cable to streaming. We adapt
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faster than we give ourselves credit for. If we're geting
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a choice, what most likely will happen A mix of both.
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Truth is, it'll probably be both, some chaos, some clarity.
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Some nations will resist, others will embrace it. Some people
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will thrive, others will be left behind unless we help them.
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But every time a system changes, it feels like disorder
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until a new order emerges. The key is how prepared
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we are, how much we understand, and whether we're building
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bridges or just stacking coins. Question three, who wins and
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who loses? In every system shift, someone wins and someone loses.
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That's not cynicism, it's reality. And if the world transitions
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to Bitcoin that reality hits hard. The winners early adopters,
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the unbanked and underbanked, builders, educators, communities, and nations who
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opt in early. Let's break each one down. Early adopters,
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people who took the risk early, who saved in bitcoin,
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learn how it worked and held on to it, will
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come out ahead in a new monetary world. Conviction gets
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rewarded the unbanked and underbanked. Bitcoin doesn't care if you
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have a credit score, but doesn't care what country you're from.
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For people locked out of traditional finance, bitcoin is a
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way in. Builders, educators, and communities. Those who created wallets,
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road explainers, built lightning apps, or simply taught their neighbor
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how to self custody. They help write the new rules.
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Nations who opt in early. Countries like Al Salvador and
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possibly more to come that adopt bitcoin as legal tender
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can give first mover advantage, a hedge against Fiat collapse.
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Now the losers Fiat power structures, high leverage institutions and individuals,
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pension funds and retirement systems, and people that are unprepared
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or uninformed. Let's break each one of these down. Fiat
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power structures, central banks, debt based governments and financial minutes.
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Men lose their control over money. Printer inflation becomes impossible,
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so does quiet manipulation. High leverage institutions and individuals. Those
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relying on easy credit, low interest rates, or never ending
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growth will find Bitcoin uncooperative pension funds and retirement systems.
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Systems built on decades of Fiat assumptions may collapse, leaving
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people holding promises. The math can't support people unprepared or uninformed.
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Those who don't understand bitcoin or were never given the
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tools to learn, risk being left behind. This is why
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education and access are everything. Let me take a moment
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to step out of the thought experiment and just be
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real with you. If, and it's a big if, a
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full bitcoin transition does happen, it won't be easy. I
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don't think we can sugarcoat that. You're talking about tearing
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up the blueprint of a global economy and rewriting it
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with a brand new set of rules, rules that most
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00:10:01.279 --> 00:10:04.960
people don't even understand yet. The early stages would be rough.
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People who rely on fiat pensions or fixed incomes. They
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feel the pain. Governments that depend on inflation to manage
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their debt. They resist banks, credit systems, public trust. All
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of that would go through a kind of detox. Honestly,
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I think it would feel a lot like quitting a
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long term addiction. There'd be withdrawal anger, maybe in some
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serious crisis moments, but if we survived the initial storm,
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we'd come out on the other side with something more stable,
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more transparent, more honest. Bitcoin doesn't solve all our problems.
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It doesn't fix human nature or injustice or systematic inequality
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by itself, but it does remove one layer of distortion,
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00:10:47.919 --> 00:10:50.320
the one that lets a few people quietly control the
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00:10:50.399 --> 00:10:54.799
money that governs everyone else's lives. So would a full
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bitcoin transition be good or bad? I think the truth
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is it would be both painful in the short term
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00:11:01.519 --> 00:11:04.639
empowering in the long term, but only if we're willing
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to learn, adapt, and carry each other through it. Next episode,
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00:11:09.320 --> 00:11:12.879
in part eight, we will discuss bitcoin and human rights.
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Can it help protect freedoms? Until then, stay curious, stay grounded.
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I want to be extremely upfront that I try my
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00:11:20.879 --> 00:11:22.919
best to leave all of my opinions out of this.
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00:11:23.519 --> 00:11:25.799
I know this is very condensed and simplified, but I
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00:11:25.879 --> 00:11:28.039
want you to gain your own understanding of beliefs and
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00:11:28.039 --> 00:11:30.679
not be persuaded by me. I hope this helped you
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00:11:30.720 --> 00:11:34.279
gain a better grasp of it. Please remember to share, follow,
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00:11:34.320 --> 00:11:36.639
and subscribe to our mailing list and to your favorite
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00:11:36.639 --> 00:11:39.600
podcast app for future episodes so you can gain more
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00:11:39.639 --> 00:11:42.720
with your crypto knowledge. If this sparks something in you
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00:11:42.960 --> 00:11:45.559
or made you question what's possible, I'd love to hear
178
00:11:45.600 --> 00:11:48.200
about it. And if you found this valuable, share it
179
00:11:48.360 --> 00:11:50.600
tag someone who needs to hear it or just sit
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00:11:50.679 --> 00:12:03.159
with it. Thanks for listening. Thanks for listening to this
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00:12:03.320 --> 00:12:05.639
episode of The Crypto One on one Show. If you
182
00:12:05.639 --> 00:12:08.279
would like to join our email list, email us at
183
00:12:08.360 --> 00:12:11.000
the Crypto One on one Show at gmail dot com
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00:12:11.039 --> 00:12:14.399
for more helpful tips. Subscribe in your favorite podcast app
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00:12:14.399 --> 00:12:16.600
and leave a review so that you don't miss our
186
00:12:16.639 --> 00:12:18.559
next episode. See you next time.
1
00:00:09.439 --> 00:00:11.800
Welcome to the Crypto one on one Show, where we
2
00:00:11.880 --> 00:00:15.560
dive into the world of cryptocurrencies, bitcoin, blockchain, and all
3
00:00:15.560 --> 00:00:18.839
the technology with it. Whether you're experienced or a beginner
4
00:00:18.879 --> 00:00:21.960
to crypto, our goal is to break down complex concepts
5
00:00:21.960 --> 00:00:24.199
and make it easy for you to understand the basics,
6
00:00:24.679 --> 00:00:27.359
from Bitcoin to all coins. We'll cover it all in
7
00:00:27.399 --> 00:00:30.079
a way that's easy to digest and provide listeners with
8
00:00:30.120 --> 00:00:33.359
the knowledge and understanding they need to make informed decisions
9
00:00:33.359 --> 00:00:36.960
and better critical thought. Sit back, relax, and let's simplify
10
00:00:36.960 --> 00:00:40.039
your understanding of cryptocurrencies on the Crypto one on one Show,
11
00:00:51.679 --> 00:00:56.159
Part seven. What would a full bitcoin transition actually look like?
12
00:00:57.079 --> 00:01:01.240
The scenario based what if episode. I need to start
13
00:01:01.240 --> 00:01:03.439
off by saying this is not financial advice, so if
14
00:01:03.479 --> 00:01:05.319
you are looking for that, the show isn't for you.
15
00:01:05.959 --> 00:01:09.640
The content of this podcast episode is for informational purposes only.
16
00:01:10.239 --> 00:01:12.519
The opinions expressed here are not meant to be taken
17
00:01:12.560 --> 00:01:16.840
as financial investment or any other advice. Welcome back to
18
00:01:16.879 --> 00:01:20.640
the Bitcoin Series. Part seven. What if tomorrow the world
19
00:01:20.640 --> 00:01:24.040
stopped running on dollars and started running on bitcoin. What
20
00:01:24.159 --> 00:01:27.040
happens to your pension, your mortgage, your four O one k.
21
00:01:27.760 --> 00:01:31.280
Would the system collapse into chaos or shift into something new?
22
00:01:32.079 --> 00:01:35.799
And more importantly, who gets left behind? In this episode,
23
00:01:35.799 --> 00:01:38.680
we're stepping out of theory and into a full on scenario.
24
00:01:39.400 --> 00:01:43.280
What would a total bitcoin transition actually look like. We're
25
00:01:43.319 --> 00:01:47.519
talking legacy finance, personal debt, government resistance, and the raw
26
00:01:47.560 --> 00:01:51.400
winners and loser of a monetary reset. No hype, no fear,
27
00:01:51.760 --> 00:01:53.799
just an honest look at what it might feel like
28
00:01:53.920 --> 00:01:58.319
if everything really did change. Let's get into it. Question
29
00:01:58.359 --> 00:02:02.680
one the fiat found foundations. What happens to pensions, four
30
00:02:02.719 --> 00:02:06.359
O one k's and debt. Let's start where gets personal
31
00:02:06.560 --> 00:02:11.360
retirement savings, debt, mortgages, the lifeblood of middle class financial life.
32
00:02:11.759 --> 00:02:15.599
In a bitcoin transition, these fiat based structures don't just
33
00:02:15.680 --> 00:02:20.280
quietly carry over. They either get restructured, erased, or revalued.
34
00:02:21.199 --> 00:02:24.560
Let's break that down pensions in four O one k's
35
00:02:25.120 --> 00:02:29.360
what's at risk? Pensions and retirement accounts are mostly backed
36
00:02:29.360 --> 00:02:34.759
by fiat dominated assets bonds, mutual funds, treasury notes. That
37
00:02:34.919 --> 00:02:38.560
means if the dollar weakens or collapses during a bitcoin shift,
38
00:02:38.759 --> 00:02:42.639
those assets lose real world purchasing power fast. In a
39
00:02:42.680 --> 00:02:47.199
best case scenario, some pension funds adapt early rebalancing into
40
00:02:47.280 --> 00:02:51.719
bitcoin to hedge. In a worst case scenario, massive devaluation
41
00:02:52.520 --> 00:02:55.960
promises made and yesterday's dollars can't be kept in tomorrow's
42
00:02:56.000 --> 00:02:59.039
harder money. Four oh one k's are like a coupon
43
00:02:59.199 --> 00:03:01.800
redeemable at a store that may no longer exist in a
44
00:03:01.800 --> 00:03:06.319
few decades. Reality check, you don't really have the money
45
00:03:06.319 --> 00:03:08.520
in your four one k. You have a claim on
46
00:03:08.560 --> 00:03:11.840
a future denominated in a currency that may not survive
47
00:03:11.919 --> 00:03:16.680
a global monetary shift. What about debt, mortgages, credit cards?
48
00:03:17.240 --> 00:03:21.919
This one's trickier and interesting. If debt is dominated in FIAT,
49
00:03:22.080 --> 00:03:26.280
and Fiat collapses or inflates into worthlessness, that debt becomes
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easier to pay off if you earn or hold bitcoin.
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But here's the twist. The creditor loses. The lender gave
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you three hundred thousand dollars for a mortgage that might
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now be worth a few sutochhis. That dynamic cannot hold forever.
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In a mature Bitcoin standard, lenders would shift to denominating
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future loans in bitcoin, creating new dynamics. Harder to get credit,
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lower risk of inflation, and more responsibility on both sides
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of the loan. The big takeaway a full bitcoin transition
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wouldn't just change how we pay for things, it would
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completely reshape how we value things. Think about pensions, four
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on one k's mortgages. These are all promises made in dollars,
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a currency that's always losing value little by little. That
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slow erosion is actually built into the system. Bitcoin flips
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that upside down. It's hard money deflationary by design, and
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that means the old numbers like three thousand dollars a
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month when you retire or three percent interest for thirty
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years starts to fall apart. Those promises were based on
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a system where the government could print money to fill
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in the gaps, but in a bitcoin economy, printing isn't
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an option, so everything gets repriced, retirement income, debt payments,
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even how credit works. And the truth is some of
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those promises just won't hold up under harder money. They'll
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need to be rewritten, restructured, or in some cases abandoned.
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That might sound scary, but it's also honest, because if
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you're relying on a system that only works as long
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as inflation does, then maybe it's not such a solid
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foundation after all. For many that might feel like collapse.
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For others, it's liberation from a system of future IOUs
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built on inflation and trust. Erosion Fiat denominated debt might
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feel like monopoly money. If the board game rules suddenly change,
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question two, would we see chaos or a smoother transition?
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So let's say it agains the shift. Bitcoin starts moving
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from an alternative asset to the default monetary standard. The
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dollar loses dominance, central banks lose control. What happens now?
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Scenario one? A chaotic transition. If this shift happens suddenly,
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let's say, triggered by a collapse in trust, a major
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debt crisis, or runaway inflation, we're talking about chaos. Governments
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might respond with capital controls, shutting down exchanges, freezing withdrawals,
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or banning self custody outright. Banks could fail, markets could crash.
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There might be bank runs, unemployment spikes, and political unrest.
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It wouldn't just be economic, It would be emotional fear, anger, confusion,
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because when people feel like the rules changed overnight, they panic.
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Scenario two a gradual bottom up shift. But what if
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the shift is slow and voluntary? What if people one
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by one begin to opt out of the old system,
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first as savers, then as spenders, builders and citizens. You
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might see a dual economy form Fiat for taxes and bills,
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bitcoin for savings and peer to peer commerce. Over time,
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businesses start pricing in Stoshi's, workers ask to be paid
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in bitcoin. Local communities adopt it before national governments even
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realize what's happening. That kind of transition could be surprisingly smooth,
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not painless, but organic. Think about how quickly people switch
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from cash to venmo or cable to streaming. We adapt
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faster than we give ourselves credit for. If we're geting
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a choice, what most likely will happen A mix of both.
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Truth is, it'll probably be both, some chaos, some clarity.
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Some nations will resist, others will embrace it. Some people
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will thrive, others will be left behind unless we help them.
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But every time a system changes, it feels like disorder
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until a new order emerges. The key is how prepared
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we are, how much we understand, and whether we're building
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bridges or just stacking coins. Question three, who wins and
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who loses? In every system shift, someone wins and someone loses.
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That's not cynicism, it's reality. And if the world transitions
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to Bitcoin that reality hits hard. The winners early adopters,
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the unbanked and underbanked, builders, educators, communities, and nations who
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opt in early. Let's break each one down. Early adopters,
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people who took the risk early, who saved in bitcoin,
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learn how it worked and held on to it, will
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come out ahead in a new monetary world. Conviction gets
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rewarded the unbanked and underbanked. Bitcoin doesn't care if you
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have a credit score, but doesn't care what country you're from.
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For people locked out of traditional finance, bitcoin is a
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way in. Builders, educators, and communities. Those who created wallets,
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road explainers, built lightning apps, or simply taught their neighbor
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how to self custody. They help write the new rules.
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Nations who opt in early. Countries like Al Salvador and
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possibly more to come that adopt bitcoin as legal tender
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can give first mover advantage, a hedge against Fiat collapse.
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Now the losers Fiat power structures, high leverage institutions and individuals,
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pension funds and retirement systems, and people that are unprepared
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or uninformed. Let's break each one of these down. Fiat
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power structures, central banks, debt based governments and financial minutes.
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Men lose their control over money. Printer inflation becomes impossible,
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so does quiet manipulation. High leverage institutions and individuals. Those
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relying on easy credit, low interest rates, or never ending
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growth will find Bitcoin uncooperative pension funds and retirement systems.
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Systems built on decades of Fiat assumptions may collapse, leaving
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people holding promises. The math can't support people unprepared or uninformed.
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Those who don't understand bitcoin or were never given the
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tools to learn, risk being left behind. This is why
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education and access are everything. Let me take a moment
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to step out of the thought experiment and just be
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real with you. If, and it's a big if, a
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full bitcoin transition does happen, it won't be easy. I
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don't think we can sugarcoat that. You're talking about tearing
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up the blueprint of a global economy and rewriting it
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with a brand new set of rules, rules that most
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people don't even understand yet. The early stages would be rough.
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People who rely on fiat pensions or fixed incomes. They
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feel the pain. Governments that depend on inflation to manage
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their debt. They resist banks, credit systems, public trust. All
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of that would go through a kind of detox. Honestly,
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I think it would feel a lot like quitting a
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long term addiction. There'd be withdrawal anger, maybe in some
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serious crisis moments, but if we survived the initial storm,
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we'd come out on the other side with something more stable,
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more transparent, more honest. Bitcoin doesn't solve all our problems.
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It doesn't fix human nature or injustice or systematic inequality
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by itself, but it does remove one layer of distortion,
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the one that lets a few people quietly control the
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money that governs everyone else's lives. So would a full
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bitcoin transition be good or bad? I think the truth
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is it would be both painful in the short term
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empowering in the long term, but only if we're willing
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to learn, adapt, and carry each other through it. Next episode,
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in part eight, we will discuss bitcoin and human rights.
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Can it help protect freedoms? Until then, stay curious, stay grounded.
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I want to be extremely upfront that I try my
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best to leave all of my opinions out of this.
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I know this is very condensed and simplified, but I
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want you to gain your own understanding of beliefs and
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not be persuaded by me. I hope this helped you
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00:11:30.720 --> 00:11:34.279
gain a better grasp of it. Please remember to share, follow,
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00:11:34.320 --> 00:11:36.639
and subscribe to our mailing list and to your favorite
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podcast app for future episodes so you can gain more
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00:11:39.639 --> 00:11:42.720
with your crypto knowledge. If this sparks something in you
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or made you question what's possible, I'd love to hear
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00:11:45.600 --> 00:11:48.200
about it. And if you found this valuable, share it
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00:11:48.360 --> 00:11:50.600
tag someone who needs to hear it or just sit
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00:11:50.679 --> 00:12:03.159
with it. Thanks for listening. Thanks for listening to this
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episode of The Crypto One on one Show. If you
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00:12:05.639 --> 00:12:08.279
would like to join our email list, email us at
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the Crypto One on one Show at gmail dot com
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for more helpful tips. Subscribe in your favorite podcast app
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and leave a review so that you don't miss our
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