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that fiat currencies are going to collapse and deteriorate be undermined by money printing the us dollar will stop being the world's reserve currency most likely that uh individuals need to be protected against the rise of the you know if you think about what capitalism is incredibly positively disruptive force i have seen hello and welcome once again to crypto revolution on this channel we aim to spread awareness on the vast crypto space so you can be aware of the best opportunities out there straight from the experts themselves and speaking of experts in this video we're going to share clips from the all in podcast featuring industry veterans and besties chamath palajapatia jason kalakanis david saks and david friedberg in this video they get into a discussion about how bitcoin and defy will crush the monetary system chamath palahapatea discusses how politics has moved him to the direction of all things technology web 3.0 and d5 according to palahapatea the last four years has completely convinced him to find a more decentralized way of building the future watch till the end of the video to know why they think the d5 and decentralization movement or the crypto movement is a broad meaningful social movement that will lead to the collapse and deterioration of fiat currencies watch the rest of their live feed and video talking about the promise of crypto and how it can make you a millionaire then then politics right this is why markets work better than politics because freeburg in order for you to pursue what you want to pursue you don't have to convince a majority of the country to support it using it to find one person who's willing to fund it you know you raise the money so and and the same is true for every startup and that's why progress is made by startups and not a lot of progress is made by this is actually why by the way that's why i don't think any of us spend time in politics even though we talk about it all the time no but because it influences our decision making i think politics has done more to rekindle my interest in all things technology and specifically web 3.0 and d5 than anything else because these last four years have completely convinced me that we need to find a very decentralized way of building the future it's going to be ugly though i i am i am confused i mean i am convinced that the next 80 years is exactly that like you know in the physical world there's a bunch of stuff that's going to happen in the social world it's going to be related to this d5 decentralization movement that's underway and it's underweight because of what we're hearing about happening in china what we're talking about happening in the u.s and you know i mean i don't know color and everything's inflating away and i i think politically we're not really awake to the fact that this is a broad meaningful social movement it's playing out with crypto bubbles and nfts and other nonsense but those are short-lived bubbles those are little feedback loops frothing is happening as the tide rises um and i do think that that is going to be kind of the big pushing force david is why china said no more crypto as the leader of a company everyone imitates you so now because elon's successful everyone else is trying to introduce their own electric cars whereas in politics whenever you start a political organization you know an equal and opposite organization will spring up to oppose you and it's just very hard to get anything done maybe that's the way it should be because we don't want people imposing their political will on us but this is why i i am a big fan of startups and smart young people pursuing startups and not politics what do you think about decentralized crypto you know finance uh in america should we should we allow it should we tax it literally we should clearly allow it because um this whole crypto stack this whole decentralized finance stack that's being built could very well be the future of finance and we certainly want to be ahead of that curve maybe there's some bubbles in here in that but i think what's really interesting there's certainly a lot of really smart engineers coders entrepreneurs who are going to that area and so i think it'd be a mistake just to discount it i think we want america to be on the forefront of that technology wave just like every other technology wave i'll make a prediction my prediction is in the next 20 years the d5 movement will catalyze um a movement against the open internet and it is because state actors will compete with private actors for this battle between centralized institutional state-based control systems like i want to have a know your customer if you want to buy crypto in the u.s versus all of these offshore places where i can go and sign up get a bunch of money and trade forever and never pay the irs ascent and live my life in the ether and the open internet will start to get threatened we've seen this in the past where proxy servers and dns servers got you know requests from the doj and takedown notices and if that starts to happen where all the servers and all the fiber lines that are running in and out of the us and elsewhere start to get kind of tackled like china has a closed internet um you could start to see this become a really ugly battle that starts to play out and i think we're not too far i mean i don't know if you guys agree but i think the open internet is kind of going to be the great battleground to resolve this well the original battle was over information and now it's over money and that fiat currencies are going to collapse and deteriorate be undermined by money printing the us dollar will stop being the world's reserve currency most likely that individuals need to be protected against the rise of the authoritarian state these are the big themes of crypto and if you think of major technology investing waves as essentially a prediction market on what smart people think the future is going to look like it's pretty scary that we're going from a utopian technology investing wave to a very dystopian it technology investors destroys capitalism you know if you think about what capitalism is it's not just a return on investment but it's the tonnage of dollars right so anyone who's a big investor here um i'll pick out yahn because he's done an incredible job you know you're putting more and more dollars in for more and more dollars out that's the pressure brad you know these guys are under enormous pressure to get tonnage of dollars through the system in a productive way and so you know these guys are at the forefront um but when you look at you know most of the projects on solana they're seeded with a few million dollars and these are 60 80 billion dollar market cap projects um and so i don't know how capitalism survives in that world number one number two governance goes completely out the window because you're essentially replacing um a set of norms that we've all agreed to about what a company is it's an llc or it's a c corp that is incorporated with laws there is recourse for you you can go to these places and sue them now it's a dao it's a bunch of rules written in a blockchain here's how it all works here's how i make my hr decisions here's this here's that here's the other thing um and then you basically decompose everything into a service where it's recursive you cannot build with me unless you make yourself buildable to others okay so when you add all these three things together i think to me it's the most incredibly positively disruptive force i have seen i think it will destroy wealth i frankly couldn't give back um and i think it's better for the world what do you think about what they think kryptos influence will be in the future do you agree that this will lead to the collapse and deterioration of fiat currencies and that the us dollar will stop being the reserve currency let us know what you think in the comments below we'd love to know your opinion if you enjoyed watching this video don't forget to give it a like and do subscribe to the channel for more crypto news till the next video this is crypto revolution
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