The Limits of Crypto for a Free Society

Added: 2026-05-23

[00:00:00]When it comes to counter-economics, cryptocurrency's a great financial tool, a currency to be able to buy and sell goods and services with no one being able to stop you. And that's important as the central bank digital currencies come online. But we don't just encourage people to use cryptocurrency, which is digital and does have some limitations.

[00:00:18]The fact that cryptocurrencies are digital is both a liability and an asset. It's an asset in that you can send money anywhere in the world. It's an asset in that through decentralized cryptocurrencies, especially the private ones like Monero and Zano, there's nothing anyone can do to stop that transaction or confiscate that cryptocurrency. But we also encourage people to use precious metals. The liability with cryptocurrency is that it's dependent on the internet. If you need to access the internet, you got to have your digital ID or they shut the internet down, stuff like that. In the zombie apocalypse, when you go to your local farmer to get a side of beef, you're going to need some silver and gold. Yeah, you're going to want to use precious metals.