Building Tools for Bitcoin Mining with Jan Čapek (WiM331)

Building Tools for Bitcoin Mining with Jan Čapek (WiM331)

Jan Čapek joins me to discuss the problems with the centralized production of Bitcoin mining hardware, the significance of free market competition, and the morality of Bitcoin.

Jan Čapek is a software engineer and entrepreneur. He is the Co-founder of the Bitcoin mining solutions BRAIINS.

// GUEST //
Twitter: https://twitter.com/janbraiins
Website: https://braiins.com/

// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/
Gold Investment Letter: https://www.goldinvestmentletter.com/
CrowdHealth: https://www.joincrowdhealth.com/breedlove
Wasabi Wallet: https://wasabiwallet.io/
Casa (use discount code BREEDLOVE): https://keys.casa/
Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/
Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com
Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/

// OUTLINE //
00:00:00 - Coming up
00:00:33 - Intro
00:02:07 - Helping Lightning Startups with In Wolf's Clothing
00:02:53 - Introducing Jan Čapek
00:03:12 - Bitcoin Journey of Jan Čapek and Braiins
00:05:51 - The Hash Power Distribution in Europe
00:06:27 - Target Clientele of Braiins
00:07:44 - Centralized Production of Bitcoin Mining Hardware
00:11:27 - The Incentive-based Market of Bitcoin Mining
00:12:48 - The Market Cap of Bitmain
00:13:29 - Technological Shifts in Bitcoin Mining Tools
00:16:58 - Possible Risks of Centralized Manufacturing
00:17:58 - The Alternative Business Model by Braiins
00:20:39 - Maximize Your Profits with Gold Investment Letter
00:21:35 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:22:31 - Take Control of Your Healthcare with CrowdHealth
00:23:33 - ASICBoost and the Bitmain controversy
00:27:07 - How Bitmain Used the ASICBoost Feature
00:28:29 - How the Western Market Players Failed
00:29:44 - Free Market Competition: Solution or Problem?
00:33:50 - Market Competition: Big Players vs. Smaller Players
00:37:08 - The Spectre of Hardware Backdoors
00:38:44 - The Difference between Safety and Security
00:41:05 - Applying Game Theory in Bitcoin Mining
00:44:07 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:44:58 - Hold Bitcoin in the Most Secure Custody Model with Casa
00:45:44 - Incentivizing the Free Market Competition
00:46:56 - Bitcoin Encourages Self-Interest
00:47:36 - The Rationality of BRC20 Implementation
00:49:43 - The Legitimacy of a Permissionless System
00:51:34 - How to Protect People from Scams
00:53:01 - Will the Demand for Blockspace Lead to Layer-2 Development?
00:54:53 - The Virtuous Cycle of Bitcoin Network Development
00:55:37 - The Morality of Bitcoin
00:58:02 - The Block Subsidy Debacle
00:59:17 - Stratum V2: The Next-Gen Protocol for Pooled Mining
01:06:03 - The Impact of the Stratum V2 Update
01:09:08 - Where to Find Jan on the Internet

// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/25LPvm8...
RSS Feed: https://feeds.simplecast.com/MLdpYXYI

// SUPPORT THIS CHANNEL //
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101

// WRITTEN WORK //
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com

// SOCIAL //
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22
All My Current Work: https://vida.page/breedlove22

Episoder(600)

Bitcoin, Truth, and Power with Erik Cason (WiM122)

Bitcoin, Truth, and Power with Erik Cason (WiM122)

Erik Cason Joins me for an in-depth conversation exploring some of his written works and Kantian philosophy related to the nature of truth and power in the context of Bitcoin’s emergence.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTErik’s Twitter: https://twitter.com/ErikcasonErik’s Website: http://cryptosovereignty.org/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 The Military Value of Cryptoassets00:05:09 Bitcoin as a Refusal of the Praxis of Violence00:08:40 Physical Power vs. Political Power00:11:58 The Nature of True Crypto-Sovereignty00:16:00 Encountering Truth and Emergence of the Cyphernet00:21:00 Money as the Prime Mover; Organizations are Applications of Money00:25:07 The Incentives Underlying Statism00:29:21 Satoshi as Homo Sacer00:35:54 Satoshi as a Pioneer of a New Digital Continent00:43:01 Bitcoin Kicking Off the “Knife Fight Between Nation-States”00:48:37 Agape and the Encounter with the “Perfect Other”00:57:48 Human Nature: A Core Component of Bitcoin01:01:04 NYDIG01:02:12 An Economic Machine of Truth Requires Proof-of-Work01:07:54 Bitcoin is Parasiticide to Bureaucracy01:17:05 Reimagining the Meta-Structures Superimposed on Power Relations01:21:31 The Inversion of Politics: “Truth, Not Authority, Makes Legitimacy”01:32:06 Physics-Rooted Encryption Bringing Humans Nearer to Natural Law?01:40:23 Enlightenment as the Emergence of Nonage01:47:24 All Human Decrees by Fiat are Attempts at Playing God01:58:22 A Hopeful Vision for the Adaptation of Statism to Bitcoin02:02:02 Enlightenment Requires the Free Use of Human Reason02:11:11 Bitcoin as the Only Antidote to the Self-Deception of Fiat02:16:09 3% Global Adoption as a Catalyst to Hyperbitcoinization?02:21:21 “Righteous Anger is that which is Directed at Resolution”02:27:11 The Risk of a Core Error in Bitcoin02:29:20 The Paradoxical Concourse of Human PoliticsSOCIALBreedlove 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/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

25 Jan 20222h 36min

Quantifying and Qualifying Decentralization | The Balaji Series | Episode 7 (WiM121)

Quantifying and Qualifying Decentralization | The Balaji Series | Episode 7 (WiM121)

Balaji Srinivasan joins me for a multi-episode series exploring sovereignty in The Digital Age, geopolitical game theory, the future of statism, and how Bitcoin/crypto fits into the picture.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTBalaji's Twitter: https://twitter.com/balajisBalaji's Website: https://balajis.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 Quantifying Decentralization00:07:30 Fundamentally, this Model is Quantifying Intuition…00:14:39 The Goal: Identifying the Most Centralized Component00:17:20 The Role of Path-Dependence in Decentralization00:20:00 The Danger of Monoculture00:25:00 “Trust in God But Keep Your Powder Dry”00:32:29 Chain Interoperability and an Attack on Bitcoin Mining00:34:20 Entering the Time of Total Cyberwar00:37:32 NYDIG00:38:42 Incentive Blindness00:44:42 “The Dose Makes the Poison”00:48:01 Quantity and Quality Metrics00:51:16 “Revolutions are Judged by their Fruits”00:57:23 The Pragmatic Calculation of Self-Interest01:02:56 Legacy Journalism Disabled the Our Early Warning System01:08:30 The Most Important Ethical Question of the 21st Century01:11:26 What Drives Balaji? And Where is the World Going Next?01:17:57 Mathematical Advancement as the Primary Metric for 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/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

24 Jan 20221h 25min

The Centralized East vs. The Decentralized West | The Balaji Series | Episode 6 (WiM120)

The Centralized East vs. The Decentralized West | The Balaji Series | Episode 6 (WiM120)

Balaji Srinivasan joins me for a multi-episode series exploring sovereignty in The Digital Age, geopolitical game theory, the future of statism, and how Bitcoin/crypto fits into the picture.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTBalaji's Twitter: https://twitter.com/balajisBalaji's Website: https://balajis.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 Wargaming: East vs. West00:08:48 A Potential Restructuring of Geopolitical Power00:12:58 “The Bitcoin Seizure Bill” of the Late-2020s?00:16:52 A Scenario Where Both CCP and BTC Win00:19:31 The Fragmentation of Sovereignty in The West00:22:50 “Three New Deals”: China as the 21st Century Exception00:26:34 Defense of The Decentralized West vs. The Centralized East00:30:03 An Optimalist Operates with a Limiting Principle00:32:31 Bitcoin Breaks All Incompetent States00:36:23 Looking Deeper into the Coming Centralized vs. Decentralized Struggle…00:40:38 Decentralization and the Disorganization of Violence00:45:12 “When there is Anarchy, People Want Leadership”00:48:20 Human Root Access: The Moral Justifications of Action00:53:52 China Without the US-Check On It is a Whole Different Animal00:56:13 Will All Software Backends Go “Blockchain” Eventually?01:03:17 Re-Bundling Civilization into Sovereign CollectivesSOCIALBreedlove 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/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

24 Jan 20221h 6min

Journalism in the 21st Century | The Balaji Series | Episode 5 (WiM119)

Journalism in the 21st Century | The Balaji Series | Episode 5 (WiM119)

Balaji Srinivasan joins me for a multi-episode series exploring sovereignty in The Digital Age, geopolitical game theory, the future of statism, and how Bitcoin/crypto fits into the picture.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTBalaji's Twitter: https://twitter.com/balajisBalaji's Website: https://balajis.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 Stupid vs. Evil (21st Century Journalism)00:09:16 The No Handshake Policy00:10:50 The Centralization Inherent to Traditional Media00:14:14 “The Monopoly of Truth is Effectively the Monopoly on Violence”00:18:18 The Journalistic Incentive to Incite Conflict00:21:09 Once Upon a Time, Google was a Neutral Search Engine00:24:12 The Prevalence of Foreign-Made Goods to US Lifestyles00:30:10 The More One Resorts to Coercion, the Less Firm One’s Hold on Power00:33:58 The Rising Empire of China00:40:01 The Chinese Anti-Corruption Model00:42:54 NYDIG00:44:01 The Secret Document that Transformed China00:49:38 The Hierarchal Management Model of China00:54:19 “Social Media Basically Defines Celebrity Today”00:57:37 “If It Bleeds It Leads”: The Broken Incentives of Journalism01:05:37 Digital Content Becoming a Goal-Oriented Set of Stimuli?01:10:29 Reforming Legacy Journalism01:12:37 The Rise of “Wokism” and the Collapse of Legacy Journalism01:18:39 Centralized Media Companies as Bottlenecks to Truth-Discovery01:24:44 Reintroducing Entrepreneurship to Journalism via 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/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

24 Jan 20221h 33min

Revolutionary Ideologies | The Balaji Series | Episode 4 (WiM118)

Revolutionary Ideologies | The Balaji Series | Episode 4 (WiM118)

Balaji Srinivasan joins me for a multi-episode series exploring sovereignty in The Digital Age, geopolitical game theory, the future of statism, and how Bitcoin/crypto fits into the picture.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTBalaji's Twitter: https://twitter.com/balajisBalaji's Website: https://balajis.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 The “Glorious Purpose” of Property Protection00:06:36 NYT, CCP, and Woke Capital00:12:00 Sovereignty vs. Self-Sufficiency00:16:02 “Religious Fundamentalism Isn’t Always Pretty”00:19:38 NYDIG00:20:46 Cultural “Horizontal Gene Transfer”00:22:53 The Ideological Virality of Communism in History00:27:07 A Stable State of Combined Moral Justification and Raw Power00:29:58 The Dangers of an “Inclusive” Ideology00:32:42 Rigid Hierarchies Hurting Human Cooperation00:36:32 “The Decentralized Center”00:38:47 The Whitewashing of Communism in History00:40:52 The Nepotism of NYT00:43:25 Favor-Trading00:45:36 Zuckerberg as an Entrepreneur00:47:51 Euphemism and Dysphemism 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/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

24 Jan 202250min

Patriotism and Stupidity | The Balaji Series | Episode 3 (WiM117)

Patriotism and Stupidity | The Balaji Series | Episode 3 (WiM117)

Balaji Srinivasan joins me for a multi-episode series exploring sovereignty in The Digital Age, geopolitical game theory, the future of statism, and how Bitcoin/crypto fits into the picture.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTBalaji's Twitter: https://twitter.com/balajisBalaji's Website: https://balajis.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 What Happens When the US Military Fails?00:07:55 The Dangers of Administrative Mimicry00:11:50 The Maginot Line00:16:57 Social Cohesion and Mutual Trust00:17:25 NYDIG00:18:33 The Public Defeat of the US in Afghanistan00:24:31 Slogans: “Battle Cries of the Dead”00:28:52 The “Cope” of the US Military Post-Afghanistan Retreat00:35:10 “What are you a Patriot Towards, and a Customer Of?”00:39:20 The Co-Evolution of Creator and Creation00:43:37 The Levels of Living of Libertarianism00:47:39 The Overwhelming Value of the Division of Labor00:50:33 “The Great Resignation Will Trigger the Great Automation”00:54:10 The Berlin Wall Was Built to Keep Taxpayers InSOCIALBreedlove 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/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

24 Jan 202257min

Bitcoin and Supranational Sovereignty | The Balaji Series | Episode 2 (WiM116)

Bitcoin and Supranational Sovereignty | The Balaji Series | Episode 2 (WiM116)

Balaji Srinivasan joins me for a multi-episode series exploring sovereignty in The Digital Age, geopolitical game theory, the future of statism, and how Bitcoin/crypto fits into the picture.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTBalaji's Twitter: https://twitter.com/balajisBalaji's Website: https://balajis.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 The Future of a “Price Stable” Fiat Currency00:04:24 The Future of On-Chain Automation00:08:30 Bitcoin as Point “Zero, Zero” of Global Digital Economy00:11:22 The Geopolitical Thesis, Antithesis, and Synthesis of Bitcoin00:15:32 The Lindy Effect, Bitcoin, and Technological Disruption00:19:13 Will Other Forms of Property Become Digitized?00:22:14 Bitcoin is Both for Power Users and the Marginalized Users00:25:25 NYDIG00:26:32 The Polarity of Adoption for Bitcoin and Digital Securities00:30:44 Satoshi Nakamoto was Not a Bitcoin Maximalist00:34:43 Bitcoin’s Path Toward Global Dominance00:37:08 Antiquated Securities Laws and Social Scalability00:41:55 Holding the Principle Above the Implementation00:48:57 “There’s Nothing So Good That You Can’t Overdo It”00:52:54 Champagne Socialism is the Only Kind of Socialism00:57:06 Transhumanism vs. Anarcho-Primitivism01:03:13 The History of Maoism and How China Got Rich01:11:14 In Communist China, Entrepreneurship was Punishable by DeathSOCIALBreedlove 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/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

24 Jan 20221h 19min

Sovereignty in the 21st Century | The Balaji Series | Episode 1 (WiM115)

Sovereignty in the 21st Century | The Balaji Series | Episode 1 (WiM115)

Balaji Srinivasan joins me for a multi-episode series exploring sovereignty in The Digital Age, geopolitical game theory, the future of statism, and how Bitcoin/crypto fits into the picture.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTBalaji's Twitter: https://twitter.com/balajisBalaji's Website: https://balajis.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 Sovereignty in The Digital Age00:07:00 Property Rights and Individual Sovereignty00:10:41 Examples of Market Failure00:14:29 Externalities: Construction Shadows and Warfare00:17:00 The Non-Aggression Principle vs. The Aggression Principle00:21:19 Tribalism and The Principle of “No Internal First Strike”00:27:25 NYDIG00:28:33 The Importance of Defensive Technologies to Peace00:33:08 The Nation-State is Born from Natality00:38:52 The Homeless Problem is Not a Housing Problem00:42:00 The Future: A Centralized East and Decentralized West?00:47:41 A Transition from “The USA” to “America”00:51:10 Bitcoin: A Force of Supranational Sovereignty00:55:16 Chesterton’s Fence and Price Stability00:59:02 Order Books, Price Makers, and Price TakersSOCIALBreedlove 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/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

24 Jan 20221h 4min

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