Bitcoin: The Final Monetary Revolution w/ Eric Yakes (WiM580)

Erik Dale joins me to discuss the nature of language, the realm of psychedelics, and the ontological status of Bitcoin. Erik Dale is a communication professional and Bitcoin expert. He is the founder of Kongerik.et, Norway's common arena for Bitcoin. // GUEST // Twitter: https://twitter.com/EuroDale Website: https://kongerik.et/ Podcast: https://g.co/kgs/Jtk3rD// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/Gold Investment Letter: https://www.goldinvestmentletter.com/ iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ 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 - Coming up 00:39 - Intro 02:12 - Helping Lightning Startups with In Wolf's Clothing 02:59 - Introducing Erik Dale 04:04 - Defenestration 05:11 - The History of Defenestration 06:12 - The 30-Year War 09:34 - The Nature of Language 11:50 - The Insufficiency of Language 14:23 - The Impact of Changing Language 17:18 - Words and their meanings 18:28 - Maximize Your Profits with Gold Investment Letter 19:25 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 20:21 - Possibility of Self-Improvement 22:58 - Interpreting the Meaning of GOD 27:06 - What is Money?: A Question with Many Answers 30:27 - The Truth of Price 32:26 - Importance of Finding the Truth 35:10 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 36:01 - Hold Bitcoin in the Most Secure Custody Model with Casa 36:50 - The Realm of the Psychedelics 39:23 - The Default Mode Network 41:56 - The Psychedelic Experience of Bitcoin 45:32- The Reasoning of Nature 46:28 - Individualism and Private Property Rights 48:32 - Individual Sovereignty and Fulfillment of Responsibility 51:34 - The Illusion of Separateness and the Continuum of Flow 54:44 - What is Bitcoin? 58:06 - Where to Find Erik on the Internet// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? 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// 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/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

12 Jul 202358min

Josef Tětek joins me to discuss the relationship between the Austrian School of Economics with Bitcoin, the impact of time preference, and the non-state properties of Bitcoin. Josef Tětekis an author and a podcaster. He works as a Bitcoin Analyst at SatoshiLabs. // GUEST // Twitter: https://twitter.com/SatsJoseph Articles: https://bitcoinmagazine.com/authors/josef-tětek Podcast: http://stackuj.cz/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/Gold Investment Letter: https://www.goldinvestmentletter.com/ iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ 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 - Coming up 00:51 - Intro 02:24 - Helping Lightning Startups with In Wolf's Clothing 03:10 - Introducing Josef Tětek 03:30 - Quick Background and Path into Bitcoin 04:44 - Orange Pill Moment 05:25 - Relationship of the Austrian School of Economics with Bitcoin 09:35 - No Supercomputer can Replace the Pricing System 12:26 - Distributed Computing vs. Centralized Computing 14:40 - Emergent Pricing vs. Central Planning 17:10 - The Immutable Laws 18:31 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 19:27 - Maximize Your Profits with Gold Investment Letter 20:24 - Time Preference and its Connection to Money 26:43 - Positive Consequences of Low Time Preference 28:50 - Monetary History: From Gold to Bitcoin 33:48 - Problems of the Gold Standard 35:21 - The Intangibility of Bitcoin 36:02 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 36:54 - Hold Bitcoin in the Most Secure Custody Model with Casa 37:42 - Bitcoin: Separation of Money and State 42:16 - Attributes that Make Bitcoin a Non-State Money 44:01 - Why Bitcoin Only 47:43 - Ten Commandments of Bitcoin 51:04 - How to Find Josef's Work// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? 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// 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/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

10 Jul 202351min

Niko Jilch joins me to discuss world history through the lens of money, how the EU attempted to break free from the U.S. dollar, and how Bitcoin provides hope for the future. Niko Jilch is a financial journalist, moderator, and speaker from Vienna. He has worked as an expert on financial markets, investing & Bitcoin for over 10 years. // GUEST // Twitter: https://twitter.com/NikoJilch Substack: https://substack.com/@fixthemoney Podcast: https://www.fixthemoney.net/podcast// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/ Gold Investment Letter: https://www.goldinvestmentletter.com/ iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ 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 - Coming up 00:57 - Intro 02:30 - Helping Lightning Startups with In Wolf's Clothing 03:16 - Introducing Niko Jilch 03:38 - The End of the Gold Standard 09:23 - Establishment of the Euro 12:59 - Similarities between Euro and Bitcoin 14:18 - America's Cooperation with China and Saudi Arabia 16:36 - The EU: A Decentralized Peaceful Community 18:24 - Our Currency, Our Problem 19:59 - Maximize Your Profits with Gold Investment Letter 20:55 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 21:51 - The Market Effect of Gold Marking 25:16 - Misunderstanding Digital Gold 26:44 - Invasion of Iraq and Domination of the U.S Dollar 30:08 - Uncertain Future of the Euro 34:31 - Global Reserve Currency and Energy 37:06 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 37:57 - Hold Bitcoin in the Most Secure Custody Model with Casa 38:46 - Bitcoin and Hope for the Future 44:47 - The World of Hypernormalization 47:28 - Why Bitcoin Counts 50:54 - How to Find Niko's Work // PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? 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 // 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

7 Jul 202351min

Mr. Luna joins me to discuss the definition of money throughout history, the significance of Bitcoin’s market volatility, and why responsibility is so important. Luna is the host of the Spanish Bitcoin podcast Lunaticoin. // GUEST // Twitter: https://twitter.com/lunaticoin Website: https://lunaticoin.com/ Podcast: https://www.youtube.com/c/lunaticoin// 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/breedloveWasabi 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.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00:00 - Coming up 00:00:29 - Intro 00:02:02 - Helping Lightning Startups with In Wolf's Clothing 00:02:48 - Introducing Mr. Luna 00:03:46 - Life Story and Bitcoin Journey 00:06:22 - How Robert Got into Bitcoin 00:07:28 - Orange Pill Moment 00:09:05 - The Inflection Point 00:11:07 - How Robert Got the Bitcoin Signal 00:12:37 - The 'Matrix' of Bitcoin 00:13:36 - Historical Impact of Money 00:18:11 - How Political Decisions Changed the Meaning of Money 00:23:23 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:24:20 - Maximize Your Profits with Gold Investment Letter 00:25:16 - Take Control of Your Healthcare with CrowdHealth 00:26:18 - An Era of Free Banking 00:28:17 - The Financial Honeypot 00:29:41 - What is Money? 00:32:04 - Money is a Medium of Communication 00:34:22 - Will Bitcoin be the Money? 00:39:54 - The Question of Liability 00:44:18 - The Significance of the Asset Cost 00:45:35 - Bitcoin's Market Cap, Volatility, and Purchasing Power 00:49:38 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:50:30 - Hold Bitcoin in the Most Secure Custody Model with Casa 00:51:18 - Perspective on the Bitcoin Philosophy 00:56:50 - How Bitcoin is Weakening the State 01:00:06 - Bitcoin Secures Private Property Rights 01:03:40 - With Great Power Comes Great Responsibility 01:08:11 - Where to Find Luna 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2The "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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

5 Jul 20231h 8min

Peter Young joins me to discuss the development of autonomous administrative areas around the world called ‘free cities’, where new types of governance can be offered to citizens outside the control of existing states, and how this project correlates with Bitcoin. Peter is the managing director of the Free Cities Foundation. // GUEST // Twitter: https://twitter.com/petermiyoung Website: https://free-cities.org/ Conference: https://libertyinourlifetime.org/// 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/breedloveWasabi 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.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00 - Coming up 00:32 - Intro 02:05 - Helping Lightning Startups with In Wolf's Clothing 02:51 - Introducing Peter Young 03:29 - Professional Background, Bitcoin Journey, and Founding of Free Cities 04:53 - The Idea Behind the Free Cities 05:51 - Distinctive Features of a Free Private City 09:23 - How Did We Deviate from the Ideal City Model? 10:53 - The Real World Prospects of the Free Cities 13:47 - Próspera: A Private City in Development 15:23 - Maximize Your Profits with Gold Investment Letter 16:19 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 17:16 - Take Control of Your Healthcare with CrowdHealth 18:17 - The Unique Legal System of Próspera 21:09 - The Process of Immigrating and Working in Próspera 23:04 - The Population of the Free Cities 25:26 - Bitcoin and the Free Cities Movement 28:32 - The Monetary Policy 30:44 - What Bitcoiners are Thinking about the Free Cities 31:48 - What’s in it for the Government 33:24 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 34:15 - Hold Bitcoin in the Most Secure Custody Model with Casa 35:04 - The Prospect of Bitcoin Mining 37:08 - Restrictions 39:37 - The Legal Structure for Political Protection 42:27 - The Legal Battle Between Próspera and Honduras Government 43:43 - How the World with Free Cities Would Look Like 46:40 - The Thesis of the Sovereign Individual 48:24 - Where to Find Peter 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2The "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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

3 Jul 202349min

I join Carri Cee on her show, Bitcoin People, to discuss the existence of serendipity, the negative influence of wokeism, the inevitability of Bitcoin adoption, and share some advice for new Bitcoiners. // GUEST // Twitter: https://twitter.com/carri_cee YouTube Channel: https://www.youtube.com/@Bitcoin-People// 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/breedloveWasabi 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.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00 - Coming up 00:54 - Intro 02:28 - Helping Lightning Startups with In Wolf's Clothing 03:14 - Introduction and Backstory 04:49 - Is There Such a Thing as Serendipity? 06:26 - Robert's Experience of a Chance Occurrence 09:23 - Serendipity: A Merging Point of Concepts and Ideas 12:42 - How Robert Learned the Value of Money 15:05 - Surreal Life Events of Robert's Life 21:02 - The Perseverance of the Human Spirit 22:26 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 23:23 - Maximize Your Profits with Gold Investment Letter 24:19 - Take Control of Your Healthcare with CrowdHealth 25:21 - Wokeism: A Modern Version of Marxism 30:22 - Is Bitcoin the Ultimate Solution? 33:42 - Why Bitcoiners Are Not Utopians 38:34 - What is the Role of the Government? 41:23 - The State is an Institution of Organized Crime 45:07 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 45:58 - Hold Bitcoin in the Most Secure Custody Model with Casa 46:47 - The Inevitability of Bitcoin Adoption 51:58 - Robert's Advice for New Bitcoiners// 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2The "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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

1 Jul 202358min

Knut Svanholm joins me to discuss the nature of human action, what is money, the inadequacy of our language, and the incentives of Bitcoin. Knut Svanholm is an author, former tall ship sailor, singer, and crew manager at an offshore shipping company. // GUEST // Twitter: https://twitter.com/knutsvanholm Website: https://www.knutsvanholm.com/ Books: https://www.amazon.com/stores/author/B087WQ4H28// 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/breedloveWasabi 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.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00:00 - Coming up 00:01:04 - Intro 00:02:37 - Helping Lightning Startups with In Wolf's Clothing 00:03:23 - Introducing Knut Svanholm 00:04:05 - The Inspiration behind Knut's New Book 00:05:48 - The Relationship of Science with Empiricism and Rationalism 00:07:13 - The 'Men Must Act' Axiom 00:09:26 - The Conflict of Purpose and How Bitcoin Neutralizes It 00:13:18 - The Assumptive Foundations of Mathematics 00:15:27 - Bitcoin: Where Map Defines the Territory 00:17:56 - Bitcoin is Dependent upon Human Act 00:21:00 - The Distinction between Hodling and Saving 00:24:35 - The Inadequacy of Language 00:26:45 - Identifying the Data on the Time Chain 00:29:45 - Defining Purpose and Its Relation to Tools 00:33:47 - Action Based on Subjective Valuation 00:37:08 - How Money Redefines Our Rationality and Language 00:39:22 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:40:19 - Maximize Your Profits with Gold Investment Letter 00:41:15 - Take Control of Your Healthcare with CrowdHealth 00:42:17 - The Flaw in our System 00:44:32 - Decreased Rational Argument and Increased Physical Confrontation 00:46:24 - Modern Civilization is a Result of Free Market 00:48:56 - The Moral Dimension of Human Existence 00:52:24 - The Significance of Property Rights 00:54:44 - Fiat Money Breaks The World 00:57:45 - How Bitcoin Redefine Regulation 00:59:52 - The Incentives of Fiat Money 01:01:50 - Corruption of Money and its Correlation with Bitcoin 01:07:55 - How the Game We’re Playing Leads to Character Development 01:10:00 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:10:52 - Hold Bitcoin in the Most Secure Custody Model with Casa 01:11:40 - Gradual Transition into the Bitcoin Game 01:14:51 - The Purpose of Toxicity in Bitcoin Adoption 01:17:54 - The Relation between Economic Incentives and Love 01:20:18 - The Economic Incentives between Bitcoiners 01:24:25 - Defining Counterfeiting and its Consequences 01:28:32 - Government: the Ultimate Counterfeiting Agency 01:30:01 - There is no Free Lunch 01:34:45 - The Connection of Money and Reality 01:36:15 - The Takeaways of Today's Discussion 01:38:42 - Where to Find Knut's Work// 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2The "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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

28 Jun 20231h 39min

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/breedloveWasabi 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.comCarnivore 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2The "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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

27 Jun 20231h 9min