{"id":58813,"date":"2025-11-17T09:46:33","date_gmt":"2025-11-17T09:46:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=58813"},"modified":"2025-11-17T09:46:33","modified_gmt":"2025-11-17T09:46:33","slug":"naval-ravikant-says-crypto-will-replace-socialist-fiat-money-with-free-market-system-but-heres-the-other-side","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=58813","title":{"rendered":"Naval Ravikant Says Crypto Will Replace &#8216;Socialist&#8217; Fiat Money With Free-Market System, But Here&#8217;s The Other Side"},"content":{"rendered":"<div>\n<p>Renowned venture capitalist and influencer\u00a0<strong>Naval Ravikant<\/strong> on Sunday described cryptocurrencies as free-market technology that would eventually replace the \u201csocialist\u201d fiat system.<\/p>\n<h2 class=\"wp-block-heading\">Free Markets Over \u2018Socialist System?\u2019<\/h2>\n<p>In an X post, Ravikant referenced the <a href=\"https:\/\/www.benzinga.com\/markets\/economic-data\/25\/08\/47172250\/peter-schiff-slams-nixons-1971-gold-standard-exit-as-us-debt-soars-9-trillion-while-bullion-jumps-85-both-poised-to-spiral-higher\">Nixon Shock of 1971<\/a>, when President <strong>Richard Nixon<\/strong> ended the dollar\u2019s convertibility to gold. <\/p>\n<p>This, he argued, marked a transition from a \u201cnatural system\u201d where the dollar was pegged to a scarce commodity to a \u201csocialist system\u201d backed by the government\u2019s authority and credibility.<\/p>\n<p>\u201cCrypto is tech to replace socialist money with a free-market system,\u201d Navikant stated.<\/p>\n<p>The <strong>AngeList <\/strong>co-founder added that market systems are \u201cinherently competitive\u201d and new forms of money will continue to emerge to \u201cchallenge\u201d incumbents.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In 1971, money changed from a natural system (gold) to a socialist system (fiat). <\/p>\n<p>Crypto is tech to &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/11\/48892453\/naval-ravikant-says-crypto-will-replace-socialist-fiat-money-with-free-market-system-but-he?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Naval\" ravikant says crypto will replace fiat money with free-market system but here the other side>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Renowned venture capitalist and influencer\u00a0Naval Ravikant on Sunday described cryptocurrencies as free-market technology that would eventually replace the \u201csocialist\u201d fiat system. Free Markets Over \u2018Socialist System?\u2019 In an X post, Ravikant referenced the Nixon Shock of 1971, when President Richard Nixon ended the dollar\u2019s convertibility to gold. This, he argued, marked a transition from a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-58813","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58813"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58813\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}