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The "What is Money?" Show
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The "What is Money?" Show

Author: Robert Breedlove

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"What is Money?" is the rabbit that leads us down the proverbial rabbit hole. It is the most important question for finding truth in the world. In this podcast, we will pursue this "rabbit" by engaging in a diversity of deep conversations with deep thinkers from different walks of life.
26 Episodes
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Nik Bhatia joins me for a conversation covering the concepts laid out in his book "Layered Money."Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTNik's Twitter: https://twitter.com/timevalueofbtcNik's Book: https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies-ebook/dp/B08PS293NTPODCASTPodcast 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?” Intro00:00:05 NYDIG00:01:22 The Pyramid Scheme: Fiat Currency00:03:52 Layered Money00:14:50 Coins: Money Velocity00:18:10 The Hierarchy of Money00:30:50 Revolution in Mathematics: Fibonacci00:38:30 Counterparty Risk: Bitcoin00:44:30 Suppression of Freedom01:01:20 Scalability: L2 Money01:09:50 Proliferation of Capitalism01:31:10 Alchemy01:45:10 Debt, Fragility, and Volatility01:49:30 Official Monetary Policy: Infinity02:00:01 Bitcoin: Native Money of the Digital Domain02:09:45 Impetus of the Federal Reserve02:27:20 Elasticity and Inflation: L1 v. L202:30:45 Disentanglement of the Euro-Dollar02:54:00 Consequences of Fiat03:03:30 Name of the Game: RenominationSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Ben Askren joins me for a conversation covering the concepts laid out in Robert Greene's book "The 48 Laws of Power."Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTBen's Twitter: https://twitter.com/BenaskrenBen's Website: https://www.benaskren.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?” Intro00:00:05 NYDIG00:01:22 Bitcoin Price and Volatility00:07:10 “The 48 Laws of Power” by Robert Greene00:09:06 Ben’s Background and Outlook on Power00:13:12 Defining Power00:17:57 Assume Formlessness00:24:33 Never Outshine the Master00:37:41 Win Through Your Actions, Never Through Argument00:53:20 Use Absence to Increase Respect and Honor01:02:01 Enter Action with Boldness01:23:04 Never Appear Too Perfect01:33:13 Ben’s Purpose and AimsSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Dominic Frisby joins me for a multi-episode conversation covering the concepts laid out in his book "Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTDominic's Twitter: https://twitter.com/DominicFrisbyDominic's Book: https://www.amazon.com/Daylight-Robbery-Shaped-Change-Future/dp/0241360846/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=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?” Intro00:00:05 NYDIG00:01:22 Marco Polo00:20:00 Bitcoin is Venice00:29:30 Surnames in History00:48:03 Simple and Fair Rules00:55:55 Post-Modernism01:00:25 How Does the Tax System Adapt?01:15:05 The Bitcoin Standard SOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Dominic Frisby joins me for a multi-episode conversation covering the concepts laid out in his book "Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTDominic's Twitter: https://twitter.com/DominicFrisbyDominic's Book: https://www.amazon.com/Daylight-Robbery-Shaped-Change-Future/dp/0241360846/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=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?” Intro00:00:05 NYDIG00:01:22 Bitcoin and The New Reality Fiat00:13:35 Money is An Extension of the Mind00:21:15 Large Tech and Nation States00:30:00 A Hyper Deflationary Environment00:39:55 Tech Replaces Government00:46:05 Taxation Shapes Civilization00:55:15 Bitcoin in the Midst of Online Bubbles01:12:30 Theory of a 100 Year CycleSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Dominic Frisby joins me for a multi-episode conversation covering the concepts laid out in his book "Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTDominic's Twitter: https://twitter.com/DominicFrisbyDominic's Book: https://www.amazon.com/Daylight-Robbery-Shaped-Change-Future/dp/0241360846/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=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?” Intro00:00:05 NYDIG00:01:22 Gold, Beauty, Mathematical Elegance, and Truth00:09:26 Myths: History of Gold, Beauty and Money00:17:30 Gold: Pure Wealth and Coinage00:24:39 Philosopher’s stone00:30:44 The Dynamic Equilibrium of Bitcoin00:39:49 Absolute scarcity00:43:29 Digital Monetization of Gold00:45:01 Educational Journey to Anti-Fiat00:49:25 Gold: The Governor of Governments00:51:16 China’s Conquest for Gold and Global Dominance00:59:28 A Future of Digitized Economy & Law Written in Code01:17:02 Why Bitcoin Is Outperforming GoldSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Dominic Frisby joins me for a multi-episode conversation covering the concepts laid out in his book "Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTDominic's Twitter: https://twitter.com/DominicFrisbyDominic's Book: https://www.amazon.com/Daylight-Robbery-Shaped-Change-Future/dp/0241360846/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=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?” Intro00:00:05 NYDIG00:01:22 Civilization and Taxation00:01:53 Money: A Tool for Communication & Propaganda00:09:40 Sound Money & Empires00:13:02 The Economic Consequences of Organized Violence00:18:21 Skin in The Game00:24:40 Monetary Property in a New World & Creating a New Society00:34:10 Civilizations Repeating Inevitable Failures00:42:48 The Printing Press00:48:22 Sound Money & Sound Administrations00:58:32 Central Bank Rabbit HoleSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Dominic Frisby joins me for a multi-episode conversation covering the concepts laid out in his book "Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTDominic's Twitter: https://twitter.com/DominicFrisbyDominic's Book: https://www.amazon.com/Daylight-Robbery-Shaped-Change-Future/dp/0241360846/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=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?” Intro00:00:05 NYDIG00:01:22 Prism of Taxation: Tax is Power00:11:12 Daylight Robbery00:14:26 Never a Civilization Without Taxation00:21:37 The Stone Age00:28:32 Bitcoin: A Mathematical Beauty and Truth00:31:13 Transcendentals: Truth, Beauty, and Goodness00:35:20 The First Blockchain: Hieroglyphics and Clay Tablets00:40:00 Money is Technology00:45:40 Evolution of Government00:48:40 The Economic Consequences of Organized Violence00:55:10 Bitcoin: New Frontier of the Digital World00:58:40 Liturgy and Skin in the GameSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Jeff Booth joins me for a multi-episode conversation covering the concepts laid out in his book "The Price of Tomorrow: Why Deflation is Key to an Abundant Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's Twitter: https://twitter.com/JeffBoothJeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2PODCASTPodcast 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?” Intro00:00:05 NYDIG00:01:22 Geopolitical Game Theory00:10:50 Prisoner’s Dilemma and Divisiveness00:13:27 A Series of Prisoner’s Dilemmas00:14:11 Solving the Byzantine Generals Problem00:16:54 An Incorruptible Base Layer00:20:37 Bitcoin Game Theory, In Practice00:25:58 Fiat Currency: A “Race to Debase”00:28:25 The Macro-Structural Game Board00:29:48 Inflation is Falsehood00:31:22 Soul in the Game00:35:40 Risk and Reward00:40:47 UBI: An Unwinnable Game?00:49:57 Political Games00:55:57 Gold: The Original Governor of Governments00:58:54 Group Identity Politics01:01:55 Gratitude’s Gravity01:03:12 Jeff’s Greatest Lesson…SOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Jeff Booth joins me for a multi-episode conversation covering the concepts laid out in his book "The Price of Tomorrow: Why Deflation is Key to an Abundant Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's Twitter: https://twitter.com/JeffBoothJeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2PODCASTPodcast 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?” Intro00:00:05 NYDIG00:01:22 Living in Service of Belongingness00:09:34 The Shifting Landscape of Leadership00:11:49 Individuals are Complexes of Ideas00:15:30 Exclusivity, Inclusivity, and Power00:19:40 Inflation is Indefensible00:24:11 Social Solidarity and Divisiveness00:27:48 Bitcoin: “A Moral Equivalent to War”?00:30:43 Deflation is a Civilizing Force00:31:43 Inflation Tears Society Apart00:34:17 Proof-of-Work Generates Peace00:37:52 The Specter of Hyperinflation00:40:22 Reasons for Bitcoin00:42:11 When “Us vs. Them” Helps an Idea Thrive00:45:46 Inflation is Incongruent to Conservation00:50:08 Inflation Funds and Causes Armed Conflict00:56:56 EndSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Jeff Booth joins me for a multi-episode conversation covering the concepts laid out in his book "The Price of Tomorrow: Why Deflation is Key to an Abundant Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's Twitter: https://twitter.com/JeffBoothJeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2PODCASTPodcast 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/MLdpYXYIOUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:22 Relativity of Information and Entropy00:05:35 AI in Healthcare00:09:22 Inflation Suppresses Entrepreneurship00:11:42 The Free Market: A Global Error-Correcting System00:17:41 Does Bitcoin Need Public Buy-In?00:22:30 Belief Systems and Human Organization00:25:00 Filtering Ideas: Bitcoin and Climate Change00:32:59 Machines are Learning Exponentially Faster00:36:59 The Simulation Hypothesis & Superintelligence00:39:00 Data Mining and AI00:42:50 Geopolitical Power & General AI00:45:24 “What Do you Want and Why?”00:51:46 Egotism and Self-Deception00:53:37 Entrepreneurship: Living on the Edge00:57:19 “Go Where the Truth Is”01:00:01 Advantage of the Beginner’s Mind01:03:24 Distorting Creative Destruction01:08:55 Fiat Currency Induces Systemic Fragility01:12:15 Bitcoin: The Ultimate Asymmetric Bet01:17:55 A Call Option on Everything01:22:46 Interventionism Interrupts Error Correction01:29:19 Debt Super-cycles End Badly01:31:41 The Tail Risk of Social Unrest01:34:12 Bitcoin Error Corrects Gold01:36:59 Debt and Equity, Space and Time01:39:45 EndSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Jeff Booth joins me for a multi-episode conversation covering the concepts laid out in his book "The Price of Tomorrow: Why Deflation is Key to an Abundant Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's Twitter: https://twitter.com/JeffBoothJeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2PODCASTPodcast 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/MLdpYXYIOUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:22 Intelligence is Error Correction00:04:39 “If electricity was a match, AI is the sun.”00:08:09 Narrow Artificial Intelligence00:12:09 AI and the End of Jobs00:16:50 AI Improves Exponentially00:19:52 Growth Today is the Removal of Jobs00:23:57 Inflation Concentrates Monopoly Power00:27:36 The End of Jobs Formula00:29:28 No Industry is Safe00:31:37 Information Wants to be Free00:33:58 Bitcoin Breaks Old Belief Systems00:38:21 The Digital Enlightenment and Memetics00:42:40 Entrepreneurs Fit Current Action to Future Market Data00:47:14 “People Don’t Have Ideas, Ideas Have People.”00:50:15 Once You See Deflation, You Can’t Unsee It00:52:02 The Best Information Wins00:55:50 “All I know is That I Know Nothing At All.”00:58:00 The Free Market is The Sum of All Intelligence01:01:27 Bitcoin Defunds Communism01:03:46 EndSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Jeff Booth joins me for a multi-episode conversation covering the concepts laid out in his book "The Price of Tomorrow: Why Deflation is Key to an Abundant Future"Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's Twitter: https://twitter.com/JeffBoothJeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2PODCASTPodcast 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/MLdpYXYIOUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:22 Commerce Shapes Civilization00:04:18 Digital Space and Economic Density00:06:03 Digital Twinning and Mixed Reality00:11:15 The Digitization of Travel00:14:04 The Digitization of Manufacturing00:17:57 The Phase Change to Digital00:20:22 Economics-Induced Behavior Changes00:25:02 The Digitization of Energy00:29:42 Inflation Exacerbates Climate Change00:31:42 Solar: The Ultimate Energy Source00:37:33 Swanson’s Law Drives Solar00:41:41 Lower Cost of Energy = More Civilization00:43:22 Thinking in Vibration, Frequency, and Energy00:46:10 Lower Cost of Information = Smaller Organizations00:55:21 The Path to a Bitcoin Standard01:00:06 Bitcoin Fairly Disseminates Deflationary Gains01:00:03 Bitcoin Unleashes Entrepreneurship01:04:55 Solving Energy Problems Solves Climate Change01:08:00 “The Most Human Thing We Could Do”01:09:26 Energy Networks and Geopolitical Power01:11:25 Inflation is Irreconcilable with Environmental Conservation01:13:20 EndSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's Twitter: https://twitter.com/JeffBoothJeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2PODCASTPodcast 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/MLdpYXYIOUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:22 Deflationary Shocks00:06:24 Natural vs. Nominal Interest Rates00:10:07 Interest Rate Suppression00:11:09 Flight to Safety00:13:40 Always Zoom Out00:14:45 Aggregating Supply, Addicting Demand00:18:30 PICNUF Framework00:20:40 How to Train Kids to Play Piano00:23:22 When It’s Free, You’re the Product00:25:25 Algorithms Eating Sovereignty00:29:47 Bundling vs. Unbundling00:31:43 Breaking Data Monopolies?00:34:07 Health Data Aggregation00:35:26 Network Effects Matter00:39:14 Bitcoin May Change Contract Law00:40:24 Life Philosophy00:45:18 Accept, Don’t Expect, Responsibility00:50:05 The Beginner’s Mind Advantage00:53:04 The Liberation of Information00:56:22 “Strong Opinions, Weakly Held”00:58:41 The Antiquation of Arrogance01:02:22 Self-Driving Cars Driving Change01:07:42 All Goods are Services01:08:38 Entrepreneurs are Prognosticators01:11:01 Less Things, More Utilization01:14:01 EndSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's Twitter: https://twitter.com/JeffBoothJeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2PODCASTPodcast 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/MLdpYXYIOUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:22 Inflation Distorts Economic Perceptions00:03:07 Bitcoin: The First Independent Economic Variable00:05:08 Standardization and Monetization00:10:38 The Unevenness of Inflation00:13:07 Pricing on a Bitcoin Standard00:15:40 The Chair, Revisited00:16:59 Redesigning for Productivity and Price Declines00:18:54 Unleashing Entrepreneurship00:20:09 The Mystery of Measuring Productivity00:22:22 Bitcoin: Humanity’s Greatest Invention?00:23:41 The Great Filter00:25:15 Money in Harmony with Nature00:26:18 It’s Hard to Think Differently00:29:00 The Final Human Freedom00:31:49 Your Life’s Network00:32:24 Psychological Archetypes00:35:36 Action in Service to Love and Belonging00:38:56 Selflessness is Selfish00:40:48 “You Make Everyone Cry But They Love You For It”00:44:11 Love and Belonging are Addictive00:45:07 Love, Sacrifice, and Economics00:47:47 Cultural Immune Systems00:49:09 The Criticality of Humility00:51:43 Pride Precedes the Fall00:52:02 EndSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's Twitter: https://twitter.com/JeffBoothJeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2PODCASTPodcast 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/MLdpYXYIOUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:22 Inflation Harvests Economic Surplus00:02:02 When Innovation Collapses Distribution Costs00:07:50 Etail vs. Retail00:09:55 The Inability to Understand Exponential Change00:11:25 Goods are Information00:15:00 Sitting at the Cutting Edge00:17:45 Bitcoin’s Exponentially Decaying Supply Flow00:20:17 How to Measure Economic Growth?00:22:21 Digital Platforms, Supply Aggregation, and AI00:28:59 Airbnb Aggregating Lodging Supply00:32:31 AI is Already Here00:35:38 Say’s Law, Money, and Time00:40:22 The Middle Class Attacked on Two Fronts00:42:05 Future Economic Shocks00:46:52 “Never Let a Good Crisis Go to Waste”00:48:46 The Diminishing Returns of Indebtedness00:52:04 Double-Digit Negative Real Yields00:55:41 Macroeconomics: Designed to Deceive00:58:00 Innovation Requires Money that Allows Price Deflation00:59:28 EndSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's Twitter: https://twitter.com/JeffBoothJeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2PODCASTPodcast 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=1OUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:00:00 Robert’s Intro to the Booth Series00:05:23 Series Begins00:08:41 How the Economy Works00:11:30 “Currency wars, trade wars, then real wars”00:13:38 Innovation is Unstoppable00:16:43 Inflation Fights Innovation00:19:10 What if Central Banks Knew?00:22:40 Empathy and How Systems Operate00:29:00 Is GDP the right metric?00:32:29 Declining Prices Means Freeing Time00:34:52 Digital Technology Vaporizes Borders00:38:14 All Government Action is Wasteful00:43:09 Inflation Centralizes Power00:47:27 Inflation is Implicit Default on Debt00:49:37 Inflation Drives Divisiveness00:52:14 Fear of Systemic Change00:55:29 Personalities Emerge from Incentives00:57:53 Fiat Currency Forces and Funds Warfare01:01:06 The Stability of Rules is the Bedrock of Peace01:06:10 No Hope for the Existing System01:08:22 The “Risk Free” Rate is Systemic ManipulationSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22​CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
WiM010 - Dear Eric Weinstein

WiM010 - Dear Eric Weinstein

2021-03-3003:05:554

Introduction00:00:04 – 00:05:14 Why Eric Weinstein?00:05:15 - 00:09:57The purpose of this conversation - Building our Portal00:09:58 - 00:15:33Zooming out - The parameters of our PortalWe’re living through cultural and economy decay00:15:33 - 00:23:18 Bitcoiners vs. Weinstein – What we agree on (Or: We’re living through cultural and economic decay00:23:19 - 00:27:40 WTF happened in 1971? – Systemic Rot00:27:41 - 00:31:42 Skin in the Game – The limits of the Keynesian perspective00:31:44 - 00:33:41A stall in innovation in physics - Weinstein’s perspectiveWhy mainstream explanations come up short00:33:42 - 00:38:02The money is the root, not theoretical physics00:38:03 - 00:44:09Keynesian’s are too zoomed in00:44:06 - 00:47:07Gen X vs. Millennial perspectives00:47:08 - 00:53:46Millennial disillusionment in art and popular culture00:53:46 - 01:03:54The monetary system is the unseen cause01:03:58 - 01:14:23Meme wars - Why Bitcoin winsThe history of money01:14:24 - 01:19:08The function of money01:19:08 - 01:21:16Why gold emerged as money01:21:17 - 01:22:33How gold empowered civilisations to become great01:22:34 - 01:26:56Why we moved beyond gold01:26:58 - 01:32:29Money, standards and social scalabilityFiat money is the root of the problem01:32:37 - 01:42:21Money is the base layer of civilisation01:38:39 - 01:42:20Fiat money is decivilizing01:42:21 - 01:52:20Corrupting the money is the cause of decay01:52:20 - 01:56:57The problems with Weinstein’s perspectiveHow problems with the money are causing societal decay01:57:02 - 02:03:10Fiat money robs society of its course-correction mechanism02:03:12 - 02:06:42Fiat money insulates society from the consequences of its actions02:06:43 - 02:09:34Fiat money gives power to Wall Street02:09:35 - 02:14:41Good money creates great civilizations 02:14:42 - 02:20:55Fiat money embeds dishonesty into the systemBitcoin is the solution, Bitcoin is the future02:30:44 - 02:30:43Bitcoin is the bedrock for a new society, economy and morality02:33:22 - 02:33:21To understand Bitcoin’s implications is to understand the future02:38:57 - 02:38:56Bitcoin accelerates the transition to the digital age02:58:20 - 03:05:51A Bitcoin future is a hopeful future-- See My Work: https://linktr.ee/breedlove22 Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Stack sats: https://www.swanbitcoin.com/breedlove/ Twitter: https://twitter.com/Breedlove22
Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.00:00:00​ - Episode Trailer00:01:06​ - Swan Bitcoin00:03:22​ - Robert’s IntroEconomics00:06:46​ Science of Infectious Disease, Sterilization, & Antibiotics00:08:33​ Economics with Dirty Money Defective Money is Toxic00:09:33​ Meditations on Toxicity as a threat to life00:11:33​ Inflation Myths & Misconceptions00:12:33​ Jedi Mind Tricks in Economics –“No Inflation Here”00:13:33​ Early Retirement in your Consumer Basket00:15:06​ Questioning Basic Premises of Economics00:15:23​ “We can’t tell people what to think, but we can tell them what to think about”00:15:33​ 30 year Bond calc – MistakeInflation & Interest Rates00:17:09​ Inflation Coefficients & Drivers00:18:49​ Scarcity in Real Estate & Goods00:19:59​ Agreement on bleeding George Washington to death00:20:33​ Energy content in products, services, & assets00:23:33​ Cherry Picking the Inflation Bucket for CPI00:25:02​ Obscene Asset Inflation00:26:33​ Scarce= High Energy Value00:27:07​ Inflation is Theft, but most don’t realize this00:28:26​ Inflation is Freezing to Death00:31:00​ Real Yields vs. Asset Inflation Rates00:31:52​ Storing Value in Equity & Debt00:34:47​ Why do Stocks always go up?00:37:27​ Big Tech vs. the entire Equity market00:38:14​ Darwinian Competition00:40:04​ Humility & Stoicism00:41:54​ Challenges of Competing & Commercializing Acquisitions00:43:52​ The Law of Decimation & Murphy’s Law00:45:14​ Underestimating the cost of maintenance on assets00:45:47​ Dangers of Youthful Ambition & Empire Building00:47:33​ 10% tithe as a continuing theme00:49:11​ Words don’t matter – Actions matter00:49:31​ Paradox of Marcus Aurelius & Imperial Virtue00:52:03​ Marcus Aurelius & the Crypto Keys to Empire00:53:53​ There is always time to snatch defeat from the jaws of victoryNatural Competition00:54:50​ Darwinian Vitality & Antifragilty00:55:29​ Terrifying Natural Beauty00:56:11​ Everything is at its finest when tomorrow is uncertain.00:56:23​ Ants at War on a Sunny Day00:57:52​ Lions & Antelope on Television00:59:18​ Dynamic Equilibrium & Ecosystem Health01:00:53​ Paradox of the Engineer vs. Zookeeper01:01:30​ Easter Island Ecosystem Collapse01:02:10​ Free Market is Economic Expression of Darwinian Equilibrium01:03:33​ - Robert's Outro01:42:27​ - End--See My Work: https://linktr.ee/breedlove22​Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Stack sats: https://www.swanbitcoin.com/breedlove/​Twitter: https://twitter.com/Breedlove22​
Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.00:00:00 - Episode Trailer00:01:06 - Swan Bitcoin00:03:22 - Robert’s Intro00:05:48 - Life converts entropy into order “A dead thing can go with the stream, only a living thing can swim against it”00:08:17 - The first engineered monetary system00:09:15 - Networks further the human race00:09:59 - The highest calling of humanity is to extract order from the chaos Engineering – the honorable profession00:11:07 - Bitcoin as a Medium of Exchange00:11:28 - Peer to peer cash means settlement network00:11:56 - High frequency transactions are unnecessary & irrelevant00:13:12 - Centralized networks are best for MoE00:14:06 - Privacy & Compliance00:14:38 - Large transactions are more valuable00:15:08 - High Frequency SoV, Low Frequency MoE00:16:23 - Tax Challenges to MoE00:17:38 - Accounting System Challenges to MoE00:18:48 - Treasury Strategy for BTC “Put it in the vault and throw away the key”00:19:48 - Challenges of paying employees in Bitcoin00:22:18 - Tax treatment is controls currency selection00:23:28 - Bitcoin not practical as currency00:24:00 - The option to settle is more important than the action itself00:24:33 - “An armed society is a polite society” R.A. Heinlein00:25:35 - The ability to cash settle is the deterrent “Absolute power corrupts absolutely”00:26:48 - The optionality keeps everyone honest in a free market00:28:08 - “Just because you can do a thing doesn’t mean you should do a thing” -Stoics “The loudest man in the room is the weakest man in the room” – American Gangster00:28:48 - No need to flaunt power Don’t get distracted by shiny objects.00:29:38 - SoV is much more valuable than MoE00:30:45 - Challenges of Privacy Coins Meyer Lansky, Pablo Escabar examples00:31:55 - Bitcoin as a Unit of Measure00:31:58 - Bitcoin is a universal language of economic truth00:32:49 - Bitcoin will always be a standard unit of economic energy Bitcoin vs. Ounce of Gold00:34:24 - Too much emphasis on MoE UoM, Not enough on SoV00:34:48 - Non-constructive Crypto debates00:35:17 - $300 billion Crypto Pond vs. $300 trillion Asset Ocean00:36:48 - Crypto Market Segmentation00:39:18 - Alt-coin experiments & DeFi00:40:04 - Crypto Theory - Emergence of Magic in Cyberspace00:40:23 - Crypto Networks vs. Digital Networks00:41:14 - Crypto is for Immortal Sovereignty & AntifragilityCrossing Time & Domains00:43:18 - Limitations of Crypto Architecture00:44:36 - “If you want to go fast, go alone. If you want to go far, go together.”00:45:48 - Plants vs. Animals – Genetic Tradeoffs00:46:10 - Trust in Man, Company, Government, or Crypto?00:46:28 - Solving problems with combination of tools00:46:58 - Crypto Network is a life form in cyberspace00:48:38 - One shot to create new form of crypto life00:49:38 - Genetic similarities – no recalls allowed00:50:23 - Ethereum Challenges00:51:32 - Competition between Crypto Assets, Applications, & Currencies00:52:28 - Defective Genetic Mutations00:54:48 - Bitcoin Network Dominance among Crypto Assets00:55:14 - Challenges of Proof of Stake00:56:02 - Stablecoins as Crypto-Currencies00:57:48 - Regulatory Arbitrage01:00:07 - Crypto-Applications01:00:50 - Digital Exchanges vs. Crypto Exchanges01:00:50 - Risk Management & Crossing the Street01:02:18 - Digital Network Advantages when integrated with Bitcoin01:02:48 - Essence of the Crypto Value Proposition – Longevity01:03:48 - Powering Digital Networks with a Crypto Network01:05:48 - Rockefeller Estate Management20th Century Approaches to Immortal Sovereignty01:07:48 - Bitcoin is to Banking what YouTube is to Broadcasting01:09:08 - Bitcoin Trust Structure01:10:58 - Hybrid Solutions with People, Digital, & Crypto Networks01:12:28 - Cyber Guild System01:14:08 - Domains in Perpetuity – Monuments in Cyberspace01:14:48 - Perpetuating Values – What do you love?01:15:58 - Endowments via Bitcoin01:17:04 - Tragedy of the Commons -Park in the Port of Naples01:19:33 - Casting a Magic Spell with Crypto01:20:48 - Bitcoin can be the source of “Magic Power”01:22:24 - Fantasy Magicians, Spells, Curses, & Limits of Power01:22:48 - Money is Power01:23:48 - The power & reach of John D. Rockefeller01:26:48 - Dominant Digital Networks & Bitcoin01:28:12 - Market Forces & Ideology will Define the Future01:28:48 - Role of the Maximalists & Citizen Soldiers01:30:56 - Robert's Outro02:12:13 - End--See My Work: https://linktr.ee/breedlove22Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Stack sats: https://www.swanbitcoin.com/breedlove/Twitter: https://twitter.com/Breedlove22
Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.00:00:00 - Episode Trailer00:01:06 - Swan Bitcoin00:05:42 - Bitcoin like a cruise missile00:06:07 - Holding high ground behind a wall of encrypted energy00:06:27 - Crypto Bank is strongest, fastest, smartest financial entity in the world00:08:07 - Impact of 24/7 Operations ( 35 hours to 168 hours per week)Highest bandwidth of any asset. The Apex Asset.00:08:47 - Dangers of fighting the Cyber Swarm00:10:03 - Strength of the Highest Common Denominator00:10:32 - Virtues of Hodling & Benefits of Joining the Network00:12:27 - Inverting the asymmetry from fragility to vitality00:12:43 - Herd immunity00:13:08 - The Parable of the Lazy Lions00:13:46 - Destroying Crypto Networks by hobbling transaction fees00:14:47 - Dangers of Socialism in Competition for Capital & Products00:16:33 - Interest rates & thermodynamics00:17:43 - Insanity of negative interest00:19:23 - Bitcoin as auto-immune response to global crisis00:21:45 - Inevitable technology driven by toxic inflation00:22:47 - Impact of Pandemic Crisis & Acceleration00:23:36 - The Currency War00:25:01 - Bitcoin as a Store of Value00:25:36 - $250 Trillion in Bonds, Equity, Metals, Property00:26:03 - Challenges to Storing Value in Real Estate00:26:47 - Challenges to Storing Value in Bonds00:27:58 - Challenges to Storing Value in Equity00:30:25 - Bitcoin vs. EquityAnalogy to Plankton as the Base Layer of Ecosystem00:32:48 - Virtues of Simplicity00:34:48 - Proper mission of a company00:35:48 - Preserving energy for a century00:36:15 - Via Negativa & Ideal Design00:37:46 - Success without Transactions00:39:12 - Intelligence built into Google00:40:34 - Impact of a century on stores of value00:42:20 - Crypto POW is the ideal theoretical solution00:42:58 - Criticality of the Maximalists & Religious Conviction00:44:29 - Institutional Longevity00:45:46 - Keepers of the Flame – Altars & Chapels in Bitcoin00:46:53 - Strength of Gods in Fantasy Genre00:47:39 - Feeding the Fire of Crypto Network (Miners & Nodes)00:48:47 - Challenges of Novel Crypto Networks & Altcoins00:49:24 - Values of Maximalists00:50:53 - Crypto Networks – A path to immortalityBitcoin - “The pursuit of immortal life”00:51:11 - Projecting values thru time00:53:03 - Bitcoin as a Higher Truth00:53:58 - A religion for those that worship the laws of science & math00:54:09 - The moral & intellectual hazards of short time horizons00:55:47 - Virtues of taking the Long View00:56:48 - What is required to store value 100 years? 1000 years?00:57:21 - Economics as a Science00:58:03 - Importance of Isaac Newton00:58:19 - Robert's Outro01:31:27 - End--See My Work: https://linktr.ee/breedlove22Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Stack sats: https://www.swanbitcoin.com/breedlove/Twitter: https://twitter.com/Breedlove22
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Comments (5)

Joe

Another amazing series. Keep it up sir...picked up Booths book.

May 21st
Reply

Matt Michael

just dropped a bomb

Apr 23rd
Reply (1)

RIDD EEKO

Lex brought me here <3

Apr 22nd
Reply

Matt Michael

just blew my mind 🤯 44m 🚀

Apr 20th
Reply
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