What happens when cheap money builds entire industries on debt?
In this episode I sit down with Dave Bradley. He was very early to Bitcoin and ran the first brick‑and‑mortar Bitcoin store in Canada.
We start with his “Bitcoin fixes things” lens on the car industry, financing bubbles, add‑on features, regulations, and union dynamics, and why he says Bitcoin would change those incentives. Then we get into how money printing shapes government power, the “sovereign individual” idea and the end of the mega‑state, plus what a Bitcoin reserve or commodity‑backed currency could mean for Alberta and why he predicts Alberta could leave Canada by the end of 2026.
You’ll Learn:
- The mechanics of Dave Bradley’s “Bitcoin fixes the car industry” example
- How cheap credit fuels vehicle financing bubbles and distorted car design
- The real reason modern cars are loaded with costly, breakable features
- What changes when money appreciates instead of melts away
- The connection between money printing and government overreach
- Why Dave believes Bitcoin could strip governments of their covert taxing power
- The “sovereign individual” case for the end of the large-scale nation state
- How Alberta could use a Bitcoin reserve to protect against federal control
- The potential of a currency backed by gold, Bitcoin, and oil
Timestamps:
[00:00] Introduction
[06:18] How Bitcoin could fix the car industry
[10:47] The shift in spending when money gains value over time
[15:00] Why Bitcoin changes the buyer’s relationship with government power
[18:23] How government intervention distorts markets
[24:00] The sovereign individual theory and the decline of the mega state
[34:00] How a strategic Bitcoin reserve could protect Alberta
[38:00] The idea of a currency backed by gold, Bitcoin, and oil
[42:00] Why Alberta could thrive with low taxes and unleashed oil production
[45:00] Dave’s prediction for Alberta’s separation from Canada
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Resources Mentioned:
The Sovereign Individual by James Dale Davidson and William Rees-Mogg | Book or Audiobook
If you want to learn more from Dave, visit his website and follow him on LinkedIn and X.
Find more from Scott:
Scott Dedels | X
Block Rewards | Instagram
Block Rewards | YouTube
Block Rewards | TikTok
Block Rewards | Website
Block Rewards | LinkedIn
