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What's the Problem, New Zealand?

"What's the Problem?" is a presentation by UK Bitcoiner Joe Bryan, released in January 2025 as an attempt to explain the downstream problems in society caused by the quality of our money.

In Joe's own words "Well, people don't value a solution unless they understand that there's a problem… " and this is Joe's attempt at explaining the problem in a unique and entertaining way.

The video took the Bitcoin world by storm, and since launch has been viewed nearly 250,000 times and Joe has appeared on podcasts and at conferences all over the world telling the story.

Joe made all the resources for the presentation open source and free for anyone to use, so at Bitkiwi XII in Queenstown in March 2025, with Joe's help, we presented "What's the Problem?", with some additional information added in to give a New Zealand context.

Here, we present an online version of that presentation, with clips from the original video and some added narration and context from New Zealand.

So, what's the problem, New Zealand?

What's the Problem, New Zealand?


Some questions to ponder:

Graphic showing problems of poverty, housing prices, migration and cost of living in New Zealand

What are the problems we see in New Zealand today?


Chart showing the properties of perfect money: scarcity, portability, divisibility, durability, fungibility, acceptability and censorship resistance.

What does perfect money look like?


Chart showing the New Zealand dollar base and broad money supply from 2000 - 2024

Why is the money supply constantly going up? Do we have a Big Red Button?


Graphic showing details of the Large Scale Asset Purchase programme in New Zealand in 2021 and how this increased the money supply

Yes, we do have a Big Red Button, and we pushed it in 2021


Charts showing the growth of money supply, house prices and consumer prices in New Zealand

So if we keep creating money out of thin air, what happens to prices?


Graph showing the decreasing purchasing power of the New Zealand dollar over the last 50 years

What would happen to our purchasing power if we kept doing this for years?


Quote from Austrian Economist Friedrich Hayek about the history of governments managing money

The track record of governments managing our money is not great


Graphic showing images of hyperinflation, asset seizures, communism and war

What happens next in New Zealand?


Bitcoin logo

The only solution is the separation of money and state


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