Emad Mostaque

You don't pay your taxes, you're going to get in trouble, right?

I think it's difficult for Bitcoin to replace that.

unless you see a massive deterioration in the ability of the government to be the political violence thing.

This comes down to your thing of civil war.

It comes down to massive, ridiculous disruption, hyperinflation or otherwise, that just basically takes down a society.

I think that's a very dangerous thing.

I think most people in the world don't want that.

Instead, what happens is when you have disruptions, you have... Hayek had a really great book, The Road to Serfdom.

And there's an illustrated version of that, way back in the 1940s, about bringing in the strongman.

Like, you look at something like the US election, or you look at Brexit, what were they?

They were a referenda.

That's how the parties deconstructed it.

Are you happy with the way things are?

No.

Let's make a change.

And so that's why I think Trump and others kind of get elected.

And I think that's what we'll see as well, because the systems are quite resilient.

And the nature of a change to go to a global monetary system like that, especially when some people will get enriched more than others because of the senior origin of Bitcoin, and it's not stable.

I struggle seeing that happening.

People don't want complicated.