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Jordan Peterson published a podcast titled âBitcoin: The Future of Money?â this week that hosted Bitcoiners, including John Vallis, Der Gigi, Richard James and Robert Breedlove.
Controversial Canadian psychologist Jordan Peterson appears to have turned onto Bitcoin (BTC) in the latest episode of his podcast.
On Tuesday, Peterson published a podcast titled âBitcoin: The Future of Money?â which hosted a panel of Bitcoiners including John Vallis, the host of the Bitcoin Rapid-Fire podcast; Bitcoin coder Der Gigi; film creator Richard James; and Robert Breedlove, ex-hedge fund manager and host of the What is Money? show.
In the video, Peterson, who claims to have an IQ of around 150, puts forward a succinct description of the innovation from which Bitcoin derives its value:
âItâs a very interesting idea that, in some manner, Bitcoin provides an incorruptible language of value preferable to gold.â
Throughout the episode, the 59-year-old author prompted his guests to provide their views on the value that Bitcoin provides to society, and in turn, he then rearticulated their answers back to them in an attempt to form a fundamental understanding of its key concepts.
Jordan Peterson Releases âBitcoin: The Future of Money?â https://t.co/JFHzSh7fIO
â Dr Jordan B Peterson (@jordanbpeterson) August 13, 2021
âSo, [Bitcoin] is completely transparent. Itâs completely distributed. Thereâs no centralized authority. It canât be cracked. It canât be stolen. It doesnât inflate. It canât be inflated. It isnât subject to any form of overt administrative control,â he said.
While Peterson isnât known as a crypto proponent, he may know more about Bitcoin and blockchain technology than he let on in the video. The psychologist started accepting BTC donations back in 2018 after he boycotted Patreon over free speech issues.
Peterson has publicly discussed the significance of blockchain tech on multiple occasions, and during an interview with Grant Blaisdell in January 2020, he tentatively stated that:
âThereâs a whole bunch of problems that this new system solves, but you can be bloody certain that thereâs a whole bunch of problems itâs going to introduce.â
Peterson also questioned the guests on what they thought were the downsides of Bitcoin and referred to Elon Muskâs environmental concerns surrounding the sustainability of mining practices behind the asset.
Related:Â Is being late into Bitcoin about perspective?
The consensus among the guests was that the energy required to maintain the Bitcoin network was worth it because of its transformative effects on society in terms of decentralization, with Gigi suggesting that âsociety, in general, asks these questions about all kinds of things, âAre cars worth it? Are smartphones worth it? Is the internet worth it?ââ
Peterson then boiled down the discussion by stating if Bitcoinâs value propositions were found to be true, the result would be that:
âWhatever energy is expended in the production of Bitcoin and the maintenance of the system should be more than recouped by the increased efficiency of every system that uses Bitcoin as a transactional device.â
âAnd so thereâll be a net energy gain not a net energy loss if you calculated it across the entire system. And so, itâs a mistake just to look at the cost of generating Bitcoin in the absence of considering the efficiencies that Bitcoin would produce,â he said.
How Blockchain Technology Can Help Improve the Planet https://t.co/uTk8WQE82E via @HumanProgress
â Dr Jordan B Peterson (@jordanbpeterson) March 24, 2021
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