Read_696 - Currencies Today are "IOU Nothings" [John Exter]
Bitcoin Audible27 Tammi 2023

Read_696 - Currencies Today are "IOU Nothings" [John Exter]

"Today no money in the world fully performs all three services. National currencies are being used as means-of-payment and standard-of-value money, b u t none in this inflationary age is an assured store-of-value money. In fact, a foremost concern to voters and politicians everywhere is that so many currencies are so rapidly losing their value in terms of commodities and services. Commodities like gold and silver, which are being used as store-of-value money, are not being used as either means-of-payment or standard-of-value money. Thus the world we have so long known, in which most currencies were redeemable at a fixed price in a store-of-value money like gold, is in disarray." - John Exter, at AIER Today we take a trip into the past, back to 1972 for an image of what happened to money so we can rid ourselves of our normalcy bias and see our current monetary age for what it truly is: a volatile, failed experiment in baseless, politically manipulated currency that is stepping into its endgame. And also to see Bitcoin for what it truly is: the first money to be both digital and have the fully necessary characteristics to serve all major functions of a sound and global monetary good as we have had in over a century. With that, let's dive in... Mentioned in the episode for exploring more ideas around bitcoin terminology and fundamentals: The Words We Use in Bitcoin: https://open.spotify.com/episode/47GHmnqX6a8Yjv4zRL7K7z?si=a01120b0b40e420c Don't forget to leave any feedback at the links below and/or boost and comment on the Fountain app at fountain.fm Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off everything in your cart! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- "Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” – John Maynard Keynes Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

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Roundtable_021 - The Fight is Never Over

Roundtable_021 - The Fight is Never Over

The whole crew is back for another roundtable, and things get wild right out of the gate. I sat down with Steve, Mechanic, and Jeff to talk through the absolute mess that is the current state of thing...

9 Kesä 1h 55min

Chat_169 - Bitcoin Proving its Case with Walker America

Chat_169 - Bitcoin Proving its Case with Walker America

"Bitcoin is being embraced by the U.S. and the U.S. financial system and it is it being embraced by Iran and the Iranian regime at the exact same time and both of them know that they can use it withou...

2 Kesä 1h 6min

Read_946 - When the Experimenter Fails the Marshmallow Test

Read_946 - When the Experimenter Fails the Marshmallow Test

"Generation X and the millennials both tried to do everything right, according to what the boomers told them was the path forward: save money, study hard, get a ‘job’. At every stage we got rugpulled....

31 Touko 44min

Read_945 - Milei's Austrian Scam by the Numbers

Read_945 - Milei's Austrian Scam by the Numbers

"The peso scam is around a thousand times larger than the Libra scam, and its victims are the poorest, about 95% of Argentines." ~ Saifedean Ammous Javier Milei swore he'd burn down Argentina's centra...

27 Touko 55min

Chat_168 - Hashing for Heat with Tyler Stevens

Chat_168 - Hashing for Heat with Tyler Stevens

"Our little home controller, building controller, it knows our electric rate, it knows the way that electric rate changes based on the time of day. It knows the PV flux, the solar flux from the solar ...

21 Touko 1h 54min

Chat_167 - Why Your Keys Matter with Seed

Chat_167 - Why Your Keys Matter with Seed

"If you think of River or Gemini or Coinbase or whatever, think of all of those as silos and how people custody Bitcoin. If some sort of compromise were to come into the Bitcoin ecosystem at the priva...

14 Touko 2h 14min

Guy's Take_107 - Free Rent for the Rich

Guy's Take_107 - Free Rent for the Rich

"It's often discussed that arbitrarily lowering interest rates and the zero interest rate policy era leads to massive recklessness and unethical and irresponsible behavior. But there's something even ...

13 Touko 41min

Read_944 - Proof of Work in the Real Economy

Read_944 - Proof of Work in the Real Economy

"If your money isn't sound, it is not reflecting any proof of work. It is not reflecting anything about who should be able to consume, or how much there is available to consume. It's just being corrup...

10 Touko 35min