Part 8/13:
The guest highlights how fiat currencies have lost their surpluses and are now perpetually in deficit—a trend exacerbated by global money printing. Bitcoin, as a hard cap asset, is presented as a potential limit to governmental monetary excess.
He envisions stable coins, potentially built on Bitcoin's infrastructure, as a way to provide local, censorship-resistant digital currencies—for example, a Welsh Pound or El Salvadorian dollar—that are federated and controlled by the community, not central banks.
The conversation also considers the transition towards automation and AI, with predictions about robots eventually performing most labor—raising questions about ownership, reputation, and the distribution of productivity gains.