The anonymous OG Lau shares with us his thoughts about the upcoming major Bitcoin run, and the fast collapse of the fiat system. Fascinating to hear, what he thinks! Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague

Summary

The guest chose to be anonymous to serve the Bitcoin community without seeking personal credit. Privacy is important in the Bitcoin space to protect against social threats. Bitcoin's success is measured by its adoption as a store of value and its ability to eat up all other stores of value. Bitcoin will bring financial freedom to countries struggling with poverty and will disrupt protectionist policies. Bitcoin's impact goes beyond money and can change the world by challenging existing monetary policies and creating opportunities for economic growth. Bitcoin has the potential to free people from financial repression and solve world hunger by giving access to capital. The collapse of the dollar is estimated to happen within three years, leading to hyperinflation. Bitcoin's value is expected to increase exponentially, and its adoption as the main store of value and unit of account is predicted within 10 years. CBDCs are seen as irrelevant and doomed to fail, as people will choose what's best for them, and merchants won't accept them. Bitcoin's scalability is believed to be underestimated, as the increasing value will fund its development.

Chapters

00:00 Introduction and Anonymity

00:16 The Importance of Privacy

03:44 The Dangers of Rapid Bitcoin Success

05:19 The Role of Second Layer Solutions

06:46 The Innovative Nature of Bitcoin Development

08:51 Improving Bitcoin Privacy

12:52 The Significance of Proof of Work

14:24 Bitcoin Success in the Future

19:51 The Fall of Protectionism

23:07 The Value of Ideas Over Ownership

27:00 Bitcoin's Potential to Alleviate Poverty

27:34 Monetary Policy and Interest Rates

28:04 The Problem with Interest Rates

29:03 Bitcoin as a Solution to Financial Repression

30:03 Bitcoin's Moral Case: Solving World Hunger

31:11 The Collapse of Currencies and the Dollar's Future

33:42 Japan's Monetary Policy and Access to Capital

34:42 The Onset of Superinflation and the Collapse of the Dollar

36:39 Bitcoin's Price and Value in the Face of Hyperinflation

38:36 Bitcoin's Absolute Scarcity and Infinite Price

40:35 Estimating Bitcoin's Value in the Future

43:21 Adopting a Bitcoin Standard and Taking Responsibility

47:09 The Irrelevance of CBDCs and the Value of Bitcoin

52:26 Merchants' Resistance to CBDCs

55:36 The Failure of CBDCs and Individual Choices

56:59 CBDCs as a Trojan Horse for Bitcoin

58:00 Bitcoin's Scalability and Development Funding

01:00:12 Bitcoin as the Main Store of Value and Unit of Account