Building Your Homestead Podcast #20 Ben Perrin: Circular Economy and Freedom Money
8 snips
Jul 17, 2024 
Ben Perrin, Bitcoin educator who runs BTCSessions and built a Bitcoin-only market in Calgary. He discusses censorship-resistant sound money and why fixed-supply Bitcoin changes incentives. Lightning Network for instant, tiny payments is demonstrated. Building local circular Bitcoin economies and practical steps to live and trade with BTC are explored.
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Bitcoin Is Money No One Can Print
- Bitcoin is sound money that no person or government can arbitrarily print.
- Ben Perrin discovered Bitcoin in 2014, first fearing a Ponzi then learning its monetary rules after exchanges like Mt. Gox collapsed.
How The Gold Peg Enabled Hidden Wealth Theft
- Removing the gold peg let governments steal purchasing power by expanding money supply.
- Ben explains Executive Order 6102 and how the dollar-to-gold peg was devalued from $20 to $35 an ounce, halving people's real wealth.
Inflation Acts As A Hidden Tax
- Inflation is a hidden tax that erases individuals' share of the economy when governments print money.
- Ben cites pandemic-era money printing (≈40% of currency) that increased nominal bank balances but reduced real purchasing power unevenly.
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