Why Bitcoin Needs Capitalists (Whether You Like It Or Not) | Bram Kanstein | BFM295

Bram Kanstein is a creative entrepreneur and the host of Bitcoin for Millennials, exploring Bitcoin not as a trade, but as essential savings technology and a rational opt-out from a failing fiat money system. › https://x.com/bramk

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🕑 TIMESTAMP 00:00 Did we win or get acquired? 01:55 How technology really gets adopted 03:26 The adoption chasm 04:38 Who electrified America? 07:33 Where Bitcoin sits on the curve 11:23 The 2022 bloodbath 13:30 Paper claims on Bitcoin 14:20 How 2008 got papered over 15:40 No lender of last resort 16:36 They blow up against Bitcoin 17:57 The redemption line 18:32 The danger of paper Bitcoin 20:19 Why we need both camps 22:00 Let them come

ℹ️ EPISODE SUMMARY Bram Kanstein discusses why Bitcoin needs capitalists, whether you like it or not. Using Rogers' curve, the adoption chasm and the whole product, he shows how every major technology reached the mainstream on boring money. He explains why the 2022 blowups were paper failures, not Bitcoin failing, and why with no lender of last resort, reckless players blow up against Bitcoin. The real danger is paper Bitcoin below the redemption line. The takeaway: let them come, and hold the line.