This interview with Peter Diamandis and Eric Schmidt is fascinating b/c it perfectly illustrates how difficult it is for even people like Eric and Dr Fri-Fei Li to understand how abundance can flow to everyone, globally. AI will create massive new wealth. The question is not whether abundance happens. The question is who captures it... When money is controlled, abundance concentrates. When money is neutral, abundance distributes. Bitcoin is the difference. In today’s system, the value created by society gets skimmed off at the monetary layer. Inflation, credit creation, asset manipulation—these are extraction tools today. That only works because money is centralized and can be changed by a small group of people. Bitcoin changes this. It ties money to energy, not politics. It removes the ability to “print” or dilute value. When productivity increases under Bitcoin, the value flows to the creators, not the gatekeepers. So the future divides cleanly: AI + Fiat → Centralized abundance AI + Bitcoin → Distributed abundance The base layer determines the outcome. Fix the money. Free the future. Obvious h/t to @Jeff Booth for making this all so clear. If anyone knows Peter let's get Jeff on the Moonshots pod, he'd bring new insights to their discussions.
Preparing for a new presentation ... looking at the old GDP model for the economy and just shaking my head at how we've let this fiat game persist for so long. It's more obvious than ever that true prosperity comes from expanding access to abundant, low-cost energy (enabling everything from manufacturing to data centers), exponential gains in efficiency and innovation via AI and compute power (driving down costs across industries), and a sound, fixed-supply monetary base (like Bitcoin's model) that prevents debasement and lets deflationary forces compound value into the monetary unit itself. OLD: GDP = Consumption + Investment + Gov Spending + Net Exports ...this suddenly seems so archaic. NEW: Economic Abundance = Energy Scalability + AI Productivity + Monetary Integrity ...borderless, trustless, energy-based, deflationary (productivity growth without debt growth). We're in the middle of a major economic phase transition and it's going to be chaotic on all levels for some time ... but the opportunities ahead are exciting! The era of abundance awaits but it’s now very clear to me that the ride there is gonna be choppy.
In fiat land debt is a wealth accelerator. Inflation erodes debt. The old guard likes this system and defends it. It destroys the middle class and creates dependance on central authorities. In sound money land, aka Bitcoin, savings is a wealth accelerator. Your money buys more over time. It restores personal sovereignty. It frees the soul.
if anyone out there is in Canada and renewing a mortgage ... never accept the rate your bank is offering you. Always shop around and then tell/show your current bank ... almost 100% of the time your current bank will match it or beat it. Wish I knew that 30 years and many, many renewals ago