Bitcoin is Fourth Turning Money with Brandon Quittem
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Location: Remotely
Date: Thursday 19th November
Company: Swan Bitcoin
Role: Director of Marketing
2020 has been a year like no other.
With the outbreak of the coronavirus, large parts of the world went into lockdown in an attempt to contain its spread. The virus has been hugely politicised, and government responses have been polarising.
Amid the outbreak, the death of George Floyd while in police custody sparked one of the most massive protests in history. What started as a peaceful protest escalated and caused looting and violence. Cities across America implemented curfews, and President Trump threatened to use the military to put an end to the unrest.
Most recently, the US election has been marred by controversy. After initially falling behind in the race Joe Biden was declared the winner. However, Trump has so far refused to concede defeat and claims a fraud has been committed on the American people as he attempts to retain power.
While the events of 2020 are unexpected, some predicted this unravelling of the world order. In 1996 Neil Howe and William Strauss released their book The Fourth Turning which suggests that every 80-90 years a crisis recurs known as the Fourth Turning.
With the Great Depression in the ’30s followed by the Second World War marking the previous crisis period, some think we may be witnessing the next one.
In this interview, I talk to Brandon Quittem, a writer and advisor for Swan Bitcoin. We discuss the Fourth Turning, each 90-year cycle, individualism vs collectivism and the role that Bitcoin plays.
00:04:22: Introductions
00:06:01: An overview of The Fourth Turning
00:08:00: Individualism vs collectivism
00:12:12: The historic cycles of turning
00:24:03: Examples of third and fourth turnings
00:27:36: The threat of US civil war or culture war
00:31:14: The growth in inequality around the world
00:35:49: The four turnings of the cycle
00:38:25: The after-effects of the 2008 Financial Crisis
00:41:54: The fourth turnings - global or culturally isolated?
00:47:09: The rise of populism
00:52:21: Technologies leading us into the future
00:57:15: The timing of Bitcoin's creation
01:04:34: Bitcoin - the life boat out of the crisis
01:07:12: Bitcoin vs CBDCs
01:12:08: The reduced risk of Bitcoin being banned
01:16:52: Bitcoin vs gold and the importance of the Lightning Network
01:22:06: Bitcoin scarcity
01:26:23: The struggle to onboard people
01:31:12: Brandon's entry to Bitcoin
01:33:28: Bitcoin 2017 vs Bitcoin today
01:37:37: Some interesting whatbitcoindid.com statistics
01:41:12: Understanding Bitcoin - the characteristics of a bitcoiner
01:46:50: Final comments
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