Murad Mahmudov Explains "The Silent 30-Year War: AI vs. Crypto"

Added: 2026-05-20

[00:00:02]Hey, Morad, I have a question for you.

[00:00:04]Um, some new topic, something I was thinking about recently. Um, and I'm curious to get your perspective on it.

[00:00:12]So, cryptocurrencies have only really, um, been around for like 15 years. And I think this is um a very interesting new development because because in the past um people had to consistently compete to generate wealth. But once they generated wealth um they could become lazy and they could sit on that wealth and do nothing and contribute nothing to society. And so there was this competitive dynamic associated with it within the you know history of humanity around generating wealth. But then um once you've generated wealth you can kind of just like rest on your laurels.

[00:00:57]And what I think is unique, like one of the things that I think is unique in the last 15 years that we're starting to see play out here is uh this sort of like competitive forces around um um like wealth preservation.

[00:01:13]And it's like if you're not constantly working and competing to you know um preserve your wealth or like contribute new things to society. like society can can basically say like, okay, well, you know, you have all this wealth in in this currency and we can just create new things because we don't think you're contributing to, you know, to um society in like these these ways that are necessary and you're kind of getting lazy. So, it's a bit of a raw thought, but I'm curious like to get your take on that.

[00:01:44]>> And you're not going to believe this. I literally wrote three days ago in like my diary in my notes, I wrote something along these very very same lines. I wrote um essentially they've they've designed the fiat system in a way which makes it impossible for you to save >> and essentially they want everybody to be an eternal slave.

[00:02:04]>> They want everybody to uh work to work as long as they until they die, right?

[00:02:09]To go into debt to have like zero savings and maximum consumption because all of that it boosts the corporate stock values. It boosts like the consumption. it. Um, essentially it's like the opposite of being uh aesthetic, minimalist, you know, uh, sustainable, organic, long-term, you know what I mean, right? And essentially cuz it's like it's uh if if nobody saves and everybody just works as much as possible and consumes as much as possible um then you effectively treat uh people's bodies and souls and minds as meat and they're essentially trying to juice maximum out of every human being, right? It's like in the matrix they juice maximum out of the human. Um and it's essentially like a meat grinder economy. uh and it benefits uh it benefits the equity market and it benefits the government and it benefits the uh it benefits the treasury market. Uh but I think all of this is at the expense of the individual and I think the point and and the point of bit the point of Bitcoin and cryptocurrencies in general is to create a deflationary system where you can decide how much or how little you want to work because now you actually because this is the thing right um in the future making 7% return a year will mean you're a god of investing and actually uh your every person's wealth will grow at like probably 1.5 to 2% a year. Uh it essentially if you're going to have let's say you have 10 BTC, right? Your wealth is going to grow in terms of purchasing power, your wealth is going to grow roughly at the rate of global economic growth, which means that you probably don't even have to work if you don't want to, right? Assuming you have enough savings. And that actually brings us back to uh the era Matt that you alluded to of like the 1850s where if you actually had gold um and land and some of these other assets you can actually leave this leisurely aristocratic life if you so choose which I believe you should be able to right but it's actually going to be even better because you know even gold the rate of growth of gold is actually exponential u in terms of production right but it's the actual inflation in practice is around like 1.9% a year but you BC is going to be like 02% a year.

[00:04:29]So, uh it's going to be like an even more extreme version of that.

[00:04:33]>> And this has I'm I'm sure you guys know, but this has a lot of like repercussions uh in terms of mental health, philosophy, society, stress, gender dynamics, family formation, art, food, architecture, geopolitics, war, etc., etc., etc. >> Yeah. Like that I mean like one of the ways I was thinking about it to try to like visualize it is like you have this box which is the system that nothing for for millennia has ever competed against and within that system within that box you have competition but like um at a certain point if that box is not working for people then you create a new box and this new box is a new system that competes against the old system and I think that's what we we've seen over the last um several years with Bitcoin. But I think um this this new phenomenon of creating new boxes over and over and over again um through things like cryptocurrency like you know there will be a point where like okay the the wealthiest people in Bitcoin are you know let's say Bitcoin's like uh a hundred trillion dollar asset right the wealthiest people in Bitcoin are just sitting there and they they own a large portion of the supply and a lot of people can't participate in that system and get ahead and win. they'll create a new system and I think that's kind of like what we're seeing here a little bit um the early innings of that and then if hypothetically SPX got to hundred billion dollars well it be would be time to create a new system and so I think you're going to see this recurring competition not just within the system but at the system level of new systems of currency and money competing with old systems when the divide just gets too wide. You know, the reason why I think S&P will succeed, go to 100 billion plus, potentially even 1 trillion plus, is because we've already seen evidence that there is a large group of people out there that want to see something like that happen. I think Doge, GME, SHIB, XRP, a bunch of these, a bunch of these things, there were essentially a desire for people to be a part be a part of something like this. And I think every time it has to be bigger and bigger because you know blockchains are more ubiquitous now, stable coins are more ubiquitous now.

[00:06:49]People have seen the evidence of these things happening. So I think these things are going to keep growing bigger and bigger and bigger. To your other point regarding outside of the box, I think the next 30 years is actually going to be a sort of an ideological war between the centralizing forces of AI and the decentralizing forces of cryptography. And um these these these things they're at odds with one another, right? Because AI is actually going to like on one hand if if if Bitcoin gets monetized further, you can argue that the collective power of government would be reduced, but at the same time they now have access to AI technologies that are going to be so in incredibly capable that they will essentially have zetabytes of data on every single individual on Earth. Right? So it's it's it's it's it's one step forward, one step back. You have to figure out which one of these technological forces um is going to win. The problem is that in many ways like attacking is often cheaper than defending in terms of effort, in terms of time, in terms of uh cost. So uh that that that really that really is the future. But uh the way I see it is in the like 30 years from now I think individuals are going to be slightly stronger. Uh corporations are going to be much stronger and the state will probably be 30 40% weaker. That's kind of that's like the dynamic that I think and a lot of people are still like oh it's like China versus America or it's like this continent versus the other continent. But I think that corporations were actually enter areas which were previously occupied by the government. You know what I mean? And I think corpor corporate entities, you're going to see probably corporate private militaries, the ones that get closer to AGI or quasi AGI, they're going to be 10 trillion plus corporations. Um Sailor, if his vision turns out to be true, that's probably going to be another 30 trillion dollar company. So, you know, those are going to be gigantic entities and they're essentially going to be replacing the the central banks of yesterday year.