Bitcoin's potential to reshape global finance and promote peace was the focus of a recent conversation between Roundtable anchor Rob Nelson and Kelly Kellam, Director at BitLab Academy.
They explored how this digital currency could serve as a tool for financial sovereignty and challenge the status-quo of traditional fiat, particularly the U.S. dollar.
"Every single product or service works because you identify a market for it. People will want this, people will buy this, people will need this," Rob Nelson remarked, questioning the global demand for bitcoin. He set the stage for a deeper exploration of its significance in today's economy.
Kelly Kellam emphasized the historical moment we're in, stating, "This is such an important time in history that we're at right now. This is a culmination of all the efforts that got the internet from being something that was just used for professors to trade information into the late nineties boom." He described bitcoin as "The ultimate freedom tool," arguing that self-custody of bitcoin is the most powerful vote one can make against the weaponization of fiat currencies.
"The U.S. dollar and every other fiat currency system out there, specifically the U.S. dollar, is the weapon. It's a weaponized authority," Kellam asserted. He pointed out that government control over currency inflation funds wars and devalues citizens' time and labor. According to him, "If bitcoin truly does become the denominator of things, we are forced to have a much more peaceful globe because you have the inability then to print into oblivion to fund those things that are stealing and limiting people's freedoms."
As the discussion wrapped up, Rob Nelson reflected on the transformative potential of bitcoin, musing that historical figures like Alexander Hamilton might have been bitcoin entrepreneurs if they were alive today. "I think Alexander Hamilton, were he born ten years ago, might actually be a bitcoin entrepreneur and be like, I got this idea for a decentralized global currency," he said.