Dominic Frisby gives his take on investing in Bitcoin, gold

CryptoSlate sat down with Dominic Frisby, the author of Bitcoin: The Future of Money?, to discuss gold, Bitcoin, and geopolitics.

The topics were fitting, given our collective fixation with all things macro at present, especially inflation, and the mechanics that have led us to this point. But also because Frisby is a staunch proponent of “sticking it to the man.”

Frisby’s content often criticizes the government for perpetuating the struggles of the downtrodden. Usually, these critiques are delivered in a satirical style for entertainment while providing a more profound message.

For example, in a recent YouTube video, through the medium of song and dance, Frisby proudly sings “f*ck the government” while advocating anarchist ideologies such as the idea that “taxation is theft.”

But, as with most comedy, behind the banter lies a modicum of truth. And, in these oppressive and fiscally uncertain times, Frisby believes awareness of these issues will mitigate what lies ahead.

Gold was Frisby’s gateway to anti-fiat thinking

Not only does Frisby blame the government for social decay, but like peas in a pod, he also attributes a significant degree of culpability to banks, specifically the fiat banking system.

In a blog post on fiat money, which is now over ten years old today, Frisby explained that co-conspirators exert their power of influence by creating fiat money.

Describing a top-down distribution system, he pointed out that those at the bottom reap the least benefits under this system.

“This fiat system, in which governments and banks have the power to create money, benefits those closest to the issuance of money –those who get it first – at the expense of those furthest away – those who get it last.”

And with that, the rich-poor divide will widen as long as everyone transacts using funny money.

The Bitcoin vs. gold debate is divisive, with respective backers clashing in emotively charged discussions. But Frisby considers both equally significant insofar as both being “anti-fiats.”

He disclosed to CryptoSlate that gold investing opened his eyes to fiat fraud. But that’s not to say Bitcoin doesn’t offer similar insights, only that it hadn’t been invented at the time of these realizations.

“I started investing in gold, and then I started reading stuff about gold. This was in the noughties. And once you go down that rabbit hole, people talk about the rabbit hole with Bitcoin, but for me, it was gold because it was before Bitcoin was…