Bitcoin is the Solution, but "What's the Problem?" w/ Joe Bryan (WiM562)

Theoretical Physicist Geoffrey West joins me for a multi-episode series exploring his excellent book "Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies." Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTGeoffrey's Book: https://www.amazon.com/dp/B010P7Z8J0/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1Geoffrey's Profile: https://www.santafe.edu/people/profile/geoffrey-westPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Where is the Line Dividing Living and Nonliving?00:05:40 Are there General Laws Governing Living Systems?00:09:56 The Opaque Logic of Complex Adaptive Systems00:12:22 Life as an Open System that Imports Energy and Exports Entropy00:17:20 Organic System Wear and Tear: Entropy and ATP00:21:21 Maxwell’s Demon, Uncertainty, and Entropy00:25:41 Understanding Thermodynamics: Open Systems vs. Closed Systems00:28:35 Entropy in the Shift from The Agricultural Age to the Industrial Age00:31:13 Astronomical Time as Compared with Social Time00:34:44 NYDIG00:35:52 Superlinear Scaling is Why Godzilla Isn’t Real…00:40:03 Universal Scaling Laws: Savings Percolating Beyond Biology00:44:37 On Average, All Organisms Have the Same Number of Heartbeats00:48:30 How Can it Be That All Life Obeys Universal Scaling Laws?00:53:00 The Fundamental Assumptions of Network Scaling Laws00:56:55 Fractals: The Geometry of Nature01:00:55 A Poetic Description of the Fractal Dimension…01:05:56 Using Laundry to Describe Dimensionality01:10:32 Spherical and Fractal Geometry in Regard to ExchangeSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

1 Maalis 20221h 17min

Dr. Robert Malone joins me for a conversation on the modern-day mass-psychosis gripping humanity...Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTDr. Malone's Substack: https://substack.com/profile/49176289-robert-w-malone-md-msDr. Malone's website: https://www.rwmalonemd.com/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Defining the Mass-Psychosis of Totalitarianism00:06:52 A Connection Between Property Violations and Mass-Psychoses?00:10:45 Historical Examples of Currency Counterfeiting Leading to Mass-Psychoses00:13:39 The Three Cohorts in a Mass-Psychosis and How to Tilt the Scales00:19:57 How Free-Floating Anxiety Contributes to the Onset of Mass-Psychosis00:24:16 In a True Totalitarian Environment, The Leader is Expendable00:25:58 The Parallels Between Hypnosis and Mass-Psychosis00:29:32 Emergent Ritualistic Behavior: “Mask Psychosis as a Symptom of Mass-Psychosis”00:31:40 Masking as an Intentional Ritual to Precondition Compliance with The State00:34:38 NYDIG00:35:46 The Conditions Necessary to Setup a Mass-Psychosis, and Where We are Today00:40:43 The Empathic Value of Properly Framing a Mass-Psychosis00:43:15 The Megalomaniacal Aspect of Mass-Psychosis00:47:29 How Bitcoin Can Shrink The State00:50:20 Bitcoin as the Hayekian “Sly Roundabout Way…”00:53:54 How Will this Modern-Day Mass-Psychosis Culminate?00:58:02 How to Resist Mass-Psychosis01:04:00 Communities of Faith Have Proven Particularly Resistant to Mass-Psychosis…SOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

25 Helmi 20221h 9min

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTLester's Twitter: https://twitter.com/ProgrammableTxBOOKThe Twilight of Gold: https://archive.org/details/twilightofgold190000paly/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Some Reflections on The Bank of England00:05:11 Bitcoin as “The Ultimate Land Grab”00:09:46 Stock-to-Flow Ratios and the Contradiction of a Gold Standard00:15:58 England’s Subjugation of India through Force and Money00:20:20 Hashes per Kilowatt Hour per Sat: The Most Stable Metric00:29:00 The Human Obsession with Automaticity00:33:21 A Potential Weakness in Bitcoin: Rule Changes00:34:27 NYDIG00:35:35 The Key to Sustainable Social Institutions: Resistance to Rule Changes00:41:34 The Weaponization of Inflation and Deflation00:45:36 Real Price Deflation and the Future of Employment00:49:29 Bitcoin Incentivizes You to Improve the Intelligence of Others00:53:00 Gold as a “Pre-Commitment Mechanism”00:56:00 Bitcoin as the Ultimate Ulysses Contract01:00:24 How the Gold Standard Directly Incentivizes War01:02:43 There are Only Two Ways to Resolve Disputes: Contract and ConflictSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

22 Helmi 20221h 4min

Entrepreneur and computer scientist Aneesh Karve joins me for a conversation on his latest written work "Order Without Organizations: Computation, Austrian Economics, and the Limits of Central Planning."Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTAneesh's Twitter: https://twitter.com/akarveAneesh's Written Work: https://akarve.com/complexity-austrian-economics-computational-limits-of-central-planning/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 What is the Goal?00:02:25 Free Market as a “Distributed Computing Network”00:08:03 “Mistaking the Cat for the Washing Machine”00:11:53 Order & Taxes00:17:05 Praxeology & Subjectivity00:20:20 The Language of Markets00:25:09 Formal Systems00:28:22 Quantifying Capitalism00:33:09 Ordinal Numbers & Cardinal Numbers00:36:10 Price Signals00:41:51 Equality00:44:08 What is Wealth?00:51:00 Thomas Sowell00:53:26 Evenly Rotating Economy00:57:09 Equality of Outcome01:06:13 NYDIG01:07:24 Public Property01:14:28 Public Discerning the Truth01:18:33 Marginal Utility & Diamond-Water Paradox01:22:50 Price Discovery01:29:06 Formulating Human Action01:34:59 Algorithms01:38:32 Central Planning01:44:24 Fiat01:49:44 Bitcoin as a Common Variable01:53:58 Fighting Entropy in the Marketplace01:59:20 Perfect Scarcity02:01:33 The Irreducibility of the Market ProcessSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

22 Helmi 20222h 12min

Jason Lowery from the US Space Force joins me for a multi-episode series exploring the first principles of physics, the ubiquity of organic power projection, and how Bitcoin changes the game.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJason's Twitter: https://twitter.com/JasonPLoweryPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 The Scummy Membranes at the Dawn of Life00:05:10 The Problem with Trust at Scale00:10:15 Life as Any Open System that Imports Energy and Exports Entropy00:14:12 Bubbles of Order within the Maelstrom of Nature00:18:40 The Defensibility of Property and the Sophistication of Civilization00:21:49 The Species-Level Evolutionary Advantage of Aging00:25:52 Sexual Reproduction, Death, and the Intensity of Exchange00:28:59 Self-Awareness Across Time as the Ultimate Survival Strategy00:30:46 NYDIG00:31:54 Genetic Information as a River Flowing Through Time00:34:53 The Danger of Subduing Human Nature…00:38:14 The Power Projection Game is Ruthlessly Egalitarian00:40:51 To Trust Incentives is to Reduce the Need for Interpersonal Trust00:45:05 Nuclear Armament as a 51% Attack on The Global Power Projection Game00:47:39 An Intra-Speceil Surrogate to War is Necessary for Individual Sovereignty00:50:44 Proof-of-Work: A Fair Power Projection Competition over Property00:54:38 “Human in the Loop” as the Limiting Factor in All Future Warfare00:59:06 The Nuclear-Hardened History of TCP/IP and Protocol Network Effects01:05:18 The Dynamic Tension Between Centralization and DecentralizationSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

19 Helmi 20221h 8min

Mike Hill joins for me for a multi-episode exploration of the masterful book “Lila: An Inquiry Into Morals” written by best-selling author Robert Pirsig. This book may be one of the most undervalued ever written, as it proposes an alternative interpretation of reality that Pirsig calls “The Metaphysics of Quality” (MOQ). According to MOQ, reality is not made up of substance, but rather it is composed of distinct patterns of value. In a Copernican-like revolution of perspective, MOQ sheds new light on age-old debates such as moral relativism, the nature of subject-object duality, good vs. evil, science vs. religion, the importance of freedom, and the primacy of action.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTMike’s Website: https://www.mikehill.design/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 DMT and Transcendental Experience00:05:06 Self-Love and Responsible Self-Leadership00:08:19 “The Master and His Emissary”: Duality of Mind and State00:13:07 Reflexivity and the Personal Transformations Inspired by Bitcoin00:16:48 Bitcoin and the Morphing of Modern Mythology00:21:17 The Protocols of Selfhood00:23:14 The Wisdom of the Body00:27:03 Connections Between the Static Layers of Value00:30:07 NYDIG00:31:16 An Analogy for Static Layers of Value: The Computer Tech Stack00:35:08 Mapping Subject-Object Onto the Static Layers of Value00:37:22 The Necessity of Layers00:42:28 Plant Medicines as a Human System Checkup00:51:21 Ignoring the Cost of Creation: A Dangerous Self-Deception00:55:36 Suffering as the Experiential Quality of Being Sacrificed00:59:49 Victims of the Residue from Creating Western CivilizationSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

16 Helmi 20221h 5min

Bitcoiner and author Knut Svanholm joins me for a philosophical conversation on Bitcoin.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTKnut's Twitter: https://twitter.com/knutsvanholmKnut's Books: https://www.amazon.com/Knut-Svanholm/e/B087WQ4H28PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Bitcoin Everything there is Divided by 21 million00:05:48 Working with Bitcoin Full Time00:09:05 Philosophy in Bitcoin00:12:03 Bitcoin: The First Form of Ownership00:20:28 All Action is an Expression of Value00:27:00 Democracy as Another Form of Religion00:32:09 NYDIG00:33:16 Morality & Politics00:37:30 “Element Zero”00:45:57 “Bitcoin is a Discovery, Not an Invention”00:48:49 Data, Information, and Patterns00:51:56 Bitcoin is a New Form of Life?00:56:30 Bitcoin the Peacemaker01:00:10 Bitcoin Immortality01:07:00 Maxwell’s Demon01:10:14 Rothbard and Deriving an "Ought" from an "Is"01:16:59 Disincentivizing Crime & Violence01:23:48 Bitcoin is Changing the Way We View Life ItselfSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

16 Helmi 20221h 33min

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTLester's Twitter: https://twitter.com/ProgrammableTxBOOKThe Twilight of Gold: https://www.abebooks.com/first-edition/Twilight-Gold-1914-1936-Myths-Realities-Palyi/30927065697/bdPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Gold as the Keystone to Social Order00:04:17 Lester’s Love for Gold…00:08:52 Staring into the Fog of the Future on a Bitcoin Standard…00:12:46 The Supreme Conservatism of Bitcoin00:16:12 When the Rules of Money Become Unbreakable…00:19:06 Freedom Requires Consequences when Rules are Broken00:20:35 Money Without Limitation Destroys the World00:25:06 MMT: A Descriptor for an Unjustifiable System of Theft00:28:11 The Reason Lester Sold All His Gold…00:31:41 The Specter of Crushing Poverty in a Post-Inflation World00:34:26 NYDIG00:35:34 Submission to Truth is Freedom; Life as Organized Disobedience00:38:34 Robert’s Response to The Specter of Crushing Poverty…00:40:59 Bitcoin Mining as a “Safety Net” for Failing Economies00:46:11 Convertibility as a Vote of “No Confidence”: Contract or Conflict00:48:02 Big Themes in “The Twilight of Gold”00:51:46 Central Banks Trapped in the Gravity of Government Debt00:56:31 Ritualizing Bitcoin as a Bulwark to Intergenerational Drift00:59:00 The Ineffective Application of the Interest Rate Mechanism01:10:13 Is Price Stability Natural?01:13:21 Price Stability Cloaks the Fact that Things Should be Getting Cheaper01:19:25 High-Integrity Private Property Rights as a Fix for Environmental Harm01:22:49 Hijacking the Interest Rate Mechanism to Make Government Debt Cheap01:27:42 Bitcoin is Designed to Work Whether or Not It Has Permission To01:31:31 Relying on the Enlightened, Long-Range Self-Interest of All Participants in the Game01:35:31 The Real World is Based on Simulated Ownership, Possession is True Ownership01:41:46 The US Government’s Excessive Indebtedness…01:47:05 Building Up a Wall of Bitcoin Conviction01:51:16 Lester’s Five Conditions for Investing01:55:00 Bitcoin Can Never Be Fully Understood, so It Will Always Be Undervalued01:56:34 “Every Order of Magnitude Wealthier We Become, We Add a Zero”SOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

15 Helmi 20222h 1min