Price is Truth | Bitcoin is Venice Series | Episode 2 (WiM382)

Allen Farrington and Sacha Meyers join me for a multi-episode conversation exploring their book "Bitcoin is Venice." In this episode, we discuss the power of prices, the difference between subjective and objective, social morality and technology, and whether Bitcoin can reduce violence.

Allen Farrington and Sacha Meyers co-authored the book "Bitcoin is Venice."

// GUEST //
Book: https://store.bitcoinmagazine.com/collections/books/products/bitcoin-is-venice
Allen’s Twitter: https://twitter.com/allenf32
Sacha’s Twitter: https://twitter.com/sacha_meyers

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// OUTLINE //
00:00:00 - Coming up
00:00:40 - Intro
00:02:12 - Helping Lightning Startups with In Wolf's Clothing
00:02:59 - The Power of Prices
00:06:48 - Prices as Decentralized Social Truth
00:12:04 - Free Markets vs. Manipulation of Prices
00:16:05 - Participating in Price Discovery
00:19:19 - Compromise and Communication
00:22:52 - Run Your Business From Anywhere with NetSuite
00:23:57 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:24:54 - Literal Comprehension of Economy
00:29:13 - Exchange Ratios of Writing and Pricing
00:31:41 - Price Discovery: From Subjective to Objective
00:35:53 - In-Between Subjective and Objective
00:38:54 - Distinguishing Subjective from Objective
00:41:33 - The Material Engagement Theory
00:44:55 - Human Action Relevance
00:48:42 - Idea for the Next Book
00:50:30 - Take Control of Your Healthcare with CrowdHealth
00:51:32 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:52:23 - Coercion is Destructive to Price Discovery
00:55:23 - Price Distortion is the Omission of Truth
00:56:43 - Consequences of Price Distortion
01:00:05 - Paradox of Tolerance
01:03:33 - Bringing Bitcoin into the Equation
01:07:51 - Can Bitcoin Reduce Violence?
01:12:35 - How Bitcoin Changes the Incentives
01:17:01 - Social Morality and Technology
01:21:23 - Is Bitcoin a Tool or Ideology?
01:25:49 - Is Capitalism an Ideology?
01:27:22 - The Line Between Ideology and Technology
01:31:10 - Success Depends on Outcome
01:33:46 - Where to Find Allen and Sacha on the Internet

// PODCAST //
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