Jack Mallers
speaker
1,138 appearances
1 recordings
1 series
first heard Jul 2026
last heard 30 Jul
Jack Mallers’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
I don't know why it should need to.
I think your question is, when will Bitcoin act more risk off as opposed to risk on?
Right, but what does that mean?
Which is like, why isn't Bitcoin always going up?
Well, you can answer that question.
And the other thing too, that I think is fascinating is I've gone through the mental exercise, which is probably helpful for others, which is, well, why aren't central banks and governments adopting Bitcoin today in size?
And I ask, well, could they have adopted it on the first block?
Like the very first 50 Bitcoin that were mined, would the United States have started to like sovereignly hold a real treasury in that?
And the answer is no, because it didn't have the skeletal build to support
liquidity and trade that big because the next block was another 50 Bitcoins.
And so you would have gotten debased heavily because you would have gone from I own 50 out of 50 to I own 50 out of 100.
That's serious inflation.
That's 100% inflation.
And so the early Bitcoin supply was extremely inflationary and it incentivized a tremendous amount of speculation.
Satoshi begged speculators to come and speculate on Bitcoin.
He begged them because he's basically cutting the issuance in half
And basically saying, if you want to get in early on this thing, you only have so much time.
You can't wait to see if it works because then you're too late.
And he built this curve on purpose.
But it was so inflationary in the beginning that like no large, you know, the government can't buy.
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