The Bitcoin Power Law with Giovanni Santostasi (WiM509)

Allen Farrington and Sacha Meyers join me for a multi-episode conversation exploring their book "Bitcoin is Venice." In this episode, we discuss the business model of Facebook and Google, data monopolies and their network effects, the concept of owning your data, and whether Bitcoin can change the Internet.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/allenf32Sacha’s Twitter: https://twitter.com/sacha_meyers// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/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 00:00:47 - Intro 00:02:20 - Helping Lightning Startups with In Wolf's Clothing 00:03:06 - Introducing Allen Farrington and Sacha Meyers 00:03:50 - Facebook and Google: Fundamentally Different Economic Entities 00:09:06 - Bitcoin and Data Monopolies 00:12:26 - Why These Companies Got So Big 00:16:04 - Misunderstanding the Technology 00:18:42 - Network Business Capitals 00:22:30 - Process of Capital Accumulation 00:24:29 - An Alternative Option with Bitcoin 00:26:58 - Advertising Taken to its Logical Extreme 00:29:27 - Power of Network Effects 00:32:08 - Business Ethics and Data Integrity 00:34:09 - Run Your Business from Anywhere with NetSuite 00:35:14 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:36:10 - How Bitcoin Fixes Data Monetization 00:41:36 - How Does Facebook Work? 00:44:24 - Novel Communications Protocol of Facebook 00:47:40 - “Breaking up” the Monopoly of Network Businesses 00:54:47 - The Analogy of Surveillance 00:56:56 - The Problem with Owning Your Data 00:59:47 - Data and Network Effects 01:03:06 - Knowledge is Capital 01:05:38 - Objection to Intellectual Property 01:08:05 - Take Control of Your Healthcare with CrowdHealth 01:09:07 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:09:59 - The Nature of the Internet 01:13:06 - Open-Source Software vs. Free Software 01:16:43 - Can Bitcoin Change 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars 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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

25 Okt 20231h 19min

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/allenf32Sacha’s Twitter: https://twitter.com/sacha_meyers// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/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 00:00:40 - 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 // 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars 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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

23 Okt 20231h 35min

Allen Farrington and Sacha Meyers join me for a multi-episode conversation exploring their book "Bitcoin is Venice". In this episode, we discuss what MMA and Bitcoin have in common, what is capital and capitalism, and why Bitcoin is a leveler of the playing field. 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// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/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 00:00:24 - Intro 00:01:57 - Helping Lightning Startups with In Wolf's Clothing 00:02:43 - Introducing Allen Farrington and Sacha Meyers 00:04:02 - Origin Story of Bitcoin Is Venice 00:09:34 - What is Capital? 00:15:00 - Capital Construction with Human Time 00:20:10 - Run Your Business From Anywhere with NetSuite 00:21:15 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:22:11 - Money: Most Liquid Form of Capital 00:26:25 - Optimizing Capital Stocks 00:30:23 - Understanding the Financial System 00:31:51 - What is Capitalism? 00:37:07 - The Best System for Capital Accumulation 00:40:23 - Religious Predisposition and Capital Accumulation 00:45:09 - Classical Liberal Attitude 00:46:22 - Take Control of Your Healthcare with CrowdHealth 00:47:24 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:48:15 - Bitcoin and the Mixed Martial Arts 00:54:28 - Learning Bitcoin in a More Accessible Way 01:00:34 - Comparing MMA to Bitcoin 01:04:33 - Intellectual Dishonesty and Arrogance of Fiat 01:06:38 - Why Bitcoin is a Leveler of the Playing Field// 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars 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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

20 Okt 20231h 8min

John Stefanopoulos joins me to discuss the future of Bitcoin mining and why its decentralization is important, running a full node, and how miners protect the Bitcoin network. John Stefanopoulos is the CEO and Founder of FutureBit.// GUEST // Twitter: https://twitter.com/JStefanop1Website: https://www.futurebit.io/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/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 up00:00:34 - Intro00:02:07 - Helping Lightning Startups with In Wolf's Clothing00:02:54 - Introducing John Stefanopoulos00:03:19 - Genesis of FutureBit00:07:55 - Bitcoin Mining: ASIC, USB Miner, and Full Node00:09:38 - What is Hash?00:11:28 - Understanding Bitcoin00:14:10 - Defining ASICs00:16:56 - Centralized Market of ASIC Hardware00:18:18 - Significance of Hashrate00:21:31 - Ways to Incentivize People into Bitcoin00:22:48 - Run Your Business From Anywhere with NetSuite00:23:53 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet00:24:49 - What is a Full Node?00:27:13 - Incentives for Running a Full Node00:29:44 - A Quick Recap00:31:57 - Decentralization Issue of Bitcoin00:36:03 - What is a Mempool?00:39:39 - Censorship Resistance Issue with Bitcoin Mining00:41:55 - The Power of Numbers00:45:02 - Take Control of Your Healthcare with CrowdHealth00:46:04 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet00:46:56 - What is a Mining Pool?00:50:25 - Centralization of Mining Pools00:52:42 - Future of Bitcoin Mining00:59:04 - The Mainframe Moment for Bitcoin Mining01:01:18 - More Miners, Better Network01:02:59 - Where to Find John 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars 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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

18 Okt 20231h 3min

Willy Woo joins me to discuss the nature of money, Bitcoin's utilization of new and cheap energy sources, how derivatives and futures markets affect Bitcoin’s price, and the macroeconomics of Bitcoin. Willy Woo is an analyst, entrepreneur, and investor. He is a Partner at Crest and SyzCrest FoF. // GUEST // Twitter: https://twitter.com/woonomic/ Website: https://www.crest.fund/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/ 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 00:15 - Intro 01:48 - Helping Lightning Startups with In Wolf's Clothing 02:34 - Introducing Willy Woo 03:24 - Money: A Ledger of Ownership 04:31 - Social Consensus, Matter, and Energy 08:04 - Controlling the Fiat Ledger 10:19 - Money as a Social Construct 12:03 - Bitcoin: A Physical & Digital Asset 13:46 - Need for Competing Currency 16:45 - Bitcoin's Utilization of New and Cheap Energy Sources 20:05 - Run Your Business From Anywhere with NetSuite 21:10 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 22:08 - Impact of Derivatives Market 27:28 - How the Futures Market Affects the Bitcoin Price 29:57 - History and Significance of ETFs 33:58 - Weakness of Bitcoin 37:29 - Effect of Futures Market on Volatility 39:36 - Price Discovery for Bitcoin 41:46 - Take Control of Your Healthcare with CrowdHealth 42:48 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 43:39 - Macroeconomics of Bitcoin 46:41 - Global Liquidity Cycle & Upcoming Halving 49:23 - Sharpe Ratio 51:15 - Short Squeeze of the Century 52:50 - Where to Find Willy 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

17 Okt 202354min

Luke de Wolf joins me for a multi-episode conversation exploring the excellent book "Maps of Meaning" by Jordan Peterson. Luke de Wolf is the co-host of the Freedom Footprint Show. // GUEST // Twitter: https://twitter.com/BtcPseudoFinnPodcast: https://www.youtube.com/@FreedomFootprint/featured Book: https://www.jordanbpeterson.com/maps-of-meaning/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/ 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 00:00:46 - Intro 00:02:19 - Helping Lightning Startups with In Wolf's Clothing 00:03:05 - Introducing Luke de Wolf 00:03:50 - Early Struggles in Canada 00:06:36 - Finding Peterson's Work 00:10:33 - Comprehending Maps of Meaning 00:15:51 - World: A Forum for Action or Place of Things 00:20:25 - Interpreting the Narrative 00:21:46 - Run Your Business From Anywhere with NetSuite 00:22:51 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:23:48 - A Priori and A Posteriori 00:27:06 - Myths: Most Essential Stories for Guidance 00:33:55 - Significance: A Sense of Meaning 00:36:41 - Intentionality: Another Meaning of Meaning 00:38:19 - Meaning is Orderly Information 00:39:51 - The Meaning of Meaning 00:42:45 - The Unbearable Present and the Desirable Future 00:45:25 - Missing the Mark 00:46:50 - Take Control of Your Healthcare with CrowdHealth 00:47:52 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:48:44 - Myths & Numbers: Both Real and Not Real 00:52:48 - Order & Chaos: the Knowns and the Unknowns 00:57:18 - The Interplay Between Order and Chaos 01:01:30 - Myths Describe the Human Operating System 01:03:10 - Neuropsychological Aspects of Order & Chaos 01:05:53 - Hope in the Darkness 01:08:05 - The Nature of Good and Evil 01:11:13 - Where to Find Luke 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

16 Okt 20231h 12min

Bill Courtney joins me to discuss the importance of fatherhood, the need for conserving the core values, the significance of finding a common ground, and tips for entrepreneurs. Bill Courtney is an American football coach. He is the CEO of Classic American Hardwoods. // GUEST // Twitter: https://twitter.com/IamCoachBill Website: https://www.normalfolks.us/ Website: https://www.coachbillcourtney.com/ Documentary: https://www.youtube.com/watch?v=6y0W_x5RQEI// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/ 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 00:50 - Intro 02:24 - Helping Lightning Startups with In Wolf's Clothing 03:10 - Introducing Bill Courtney 03:43 - The Movie 'Undefeated' 09:13 - Winning an Academy Award 11:05 - Growing Up Without a Father Figure 15:15 - The Path to Redemption 16:40 - The Book 'Against the Grain' 21:00 - Conserve the Core, Adapt at the Edges 22:31 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 23:27 - Story of 'An Army of Normal Folks' Podcast 32:09 - Taking Self-Responsibility 34:17 - The Freedom of Speech 36:13 - Finding Common Ground with Common Respect 39:02 - Take Control of Your Healthcare with CrowdHealth 40:04 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 40:56 - Understanding How Money Works 43:14 - Bill's Journey of Entrepreneurship 46:12 - Tips for Starting a Business 49:36 - Prepare Yourself for Difficult Situations 52:58 - The Downfall of Sears 55:09 - Where to Find Bill 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

11 Okt 202357min

Rahim Taghizadegan joins me to discuss what Jungian psychology and Austrian economics have in common, the problem with the deterministic worldview, the nature of incentives, and whether Bitcoin is a fundamental innovation. Rahim Taghizadegan is an economist, author, physicist, philosopher, investor, and entrepreneur. He is the last Austrian economist of the Austrian School in the direct tradition. // GUEST // Twitter: https://twitter.com/scholarium_at Website: https://scholarium.at/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/ 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 00:00:44 - Intro 00:02:17 - Helping Lightning Startups with In Wolf's Clothing 00:03:03 - Introducing Rahim Taghizadegan 00:03:47 - Rahim's Journey from Austrian Economics to Bitcoin 00:05:20 - Switching the Field of Interest 00:07:10 - Recommended Books 00:08:35 - Jungian Psychology & Austrian Economics 00:11:37 - The Complexity Theory 00:13:38 - Behavior vs. Action 00:18:19 - Praxeology 00:19:17 - Distinguishing Human from Animal 00:23:11 - 20th Century Crisis 00:30:10 - Innovation Led to Social Change 00:36:14 - Fighting Against the Demagogues 00:42:28 - Preservation of Privilege 00:43:24 - Guiding Light and the Narrative of Mythology 00:45:44 - Human Capability of Rational Argumentation 00:47:30 - Following the Leader 00:51:35 - Rules vs. Regulation 00:53:10 - Differentiating Epistemology & Philosophy 00:55:16 - Replacing Philosophy with Science 01:01:05 - Simplicity vs. Complexity 01:02:23 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 01:03:19 - Mismanagement of Science 01:07:07 - Science is Not the Only Answer 01:10:38 - DDT Pesticide Disaster 01:12:53 - The Line Between Proper Intervention and Abuse 01:16:02 - From Newtonian Theory to Einsteinian Theory 01:19:41 - Problem with the Newtonian Worldview of Human Beings 01:22:29 - Difference Between Theory and Observation 01:26:43 - Attributes of Real Science 01:29:04 - Tradition of Speculation & Exaggeration 01:33:38 - Choosing the Right Facts 01:35:23 - Verifying the Ideals 01:38:13 - Spotting the Irregularities and Discussing Metaphysics 01:43:27 - Axiom of Action 01:46:11 - Predicting Human Behaviour 01:49:22 - The Freedom to Choose 01:52:31 - The Metaphor of Language & Money 01:55:28 - Bitcoin is an Idealized Money 01:57:46 - Is Bitcoin Discovered or Invented? 02:00:17 - Take Control of Your Healthcare with CrowdHealth 02:01:18 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 02:02:10 - Bitcoin a Fundamental Innovation 02:03:42 - Can Bitcoin Be Established in Today’s World? 02:07:40 - The Nature of Incentives 02:11:06 - How Incentives Influence Action 02:17:32 - Fiat Currency Incentivizes Debt 02:21:09 - How Incentives Interact with Morality 02:25:25 - Restructuring the Incentives 02:29:13 - Private Property & Social Cooperation 02:32:20 - Being an Entrepreneur of Change 02:37:02 - Bitcoin Enhances Private Property 02:39:33 - The Feedback Loops of Bitcoin 02:41:27 - How to Find Rahim'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

9 Okt 20232h 43min