Bitcoin fans say it's the future. I say: show me how it actually solves real-world money problems. In this episode, I walk through the biggest unanswered questions I still have about Bitcoin: volatility, inheritance keys, "who's in charge," government visibility, and why I still prefer AND assets like dividend-paying whole life over OR assets like BTC.

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Prompted by a listener (thanks, Todd!), I listened to a Bitcoin proponent debate and wrote down the sticking points I can't get past. If Bitcoin is limited, why do explanations sound inflationary?

If it's infinitely divisible, how is that different from a devalued currency? If most people don't even understand the dollar, how do we get mass adoption of a new money system?

How do I plan a purchase in 5 years with that level of volatility? What about lost keys and inheritance? And if the government can track blockchain activity and tax capital gains, how does this "stop tyranny"?

I compare Bitcoin to gold/silver and outline why I prefer cash-flowing, contractually guaranteed strategies—especially Infinite Banking.

Key Takeaways:

◦ Value = belief. If 97% don't understand money now, mass BTC adoption is a stretch. ◦ Volatility breaks planning. It's hard to budget for real purchases with wide swings. ◦ Bitcoin behaves like an OR asset; I prefer AND assets that can grow while being used. ◦ Inheritance risk is real: lose the key, lose the asset. ◦ Government visibility & taxes exist—so "off grid" claims don't really hold. ◦ Cross-border payments are a useful perk—but fees and frictions can creep in over time. ◦ Insurance companies and banks avoid BTC due to volatility and lack of cash flow.

Chapters: 00:00 Cold open: "Who's running Bitcoin?" creator, mining & control 01:01 Shoutout to Todd & why this episode exists 02:58 Can BTC be a supplementary medium of exchange? 03:27 Ground rules: why I'm open—but unconvinced 04:39 "Limited" yet "inflationary"? Divisibility vs. value 05:31 Nelson Nash lens: "If dollars are worthless, why trade BTC for them?" 07:16 Value = belief; most people don't understand money 10:06 Volatility vs. planning for real purchases 12:57 Invest in what you know; AND asset vs. OR asset 14:00 Lost keys & inheritance problems 14:58 Will BTC stop tyranny? IBC, voting & policy matter more 16:06 Govt tracking, capital gains & "digital money" already here 17:21 Why insurers/banks avoid BTC (volatility, no cash flow) 18:50 Who's in charge? Mining, outages & resilience 20:10 The one valid perk: cross-border transfers (for now) 20:59 Trust, fees & centralization concerns 21:27 Dollar strength, crash talk & practical money use 23:04 Crypto dilution: too many coins, weaker adoption 24:19 "Explain it like I'm five"—if it's too complex, that's a risk 25:12 CTA: Want guarantees and an AND asset? Start with IBC

→ Want a strategy you can plan around? Start your Infinite Banking journey today. → Grab the Farming Without the Bank book and schedule your appointment to get set up. → Comment with your best Bitcoin arguments—especially on planning, inheritance, and governance.

• Farming Without the Bank book & consult: https://www.farmingwithoutthebank.com/book • Podcast home page: https://www.farmingwithoutthebank.com/podcasts