Easily biggest crowd reaction of the week for Jordan B Peterson #bitcoin2022
Peterson says that Bitcoin feels like a fairy tale, but also makes him “weary”. Then said he’d explain what he meant but then went on a 3-minute tangent about how central planning agencies can’t “algorithmically determine the future.”
Ok he’s back on Bitcoin. He says that it stops central planning agencies can’t control it. Did not circle back to the weariness. But he did say that he has invested in Bitcoin.
Ok so he said he’s worried Bitcoin could permanently remove any government oversight from the financial markets and that makes him nervous as a social scientist because there’s “an immense amount of things we can’t predict.”
The room is a little tense as Peterson talks about the “irreversible” damage Bitcoin could do to the global economic system. Can’t tell if people are miffed he’s not hyping it up or if about a thousand people just simultaneously realized what it is they’re actually investing in.
Uh oh, now he’s saying that leaving the gold standard wasn’t catastrophic for society lol. Big faux pas in this room JBP!!!
I’m honestly a little surprised by how critical he’s being of Bitcoin. “Unbridled enthusiasm that your new system will only do the good things you think it will is not wise.” He seems to like the idea of Bitcoin as a competitive currency among many, not a universal standard.
Peterson has been rambling about an app he’s developing with his son called Essay for easily 5 min now. Has nothing to do with crypto. It’s a tool for helping you write better. The host is trying to get him off the stage. He won’t stop. People are applauding. He’s still going.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
