135 min listen
Bitcoin and the Sanctity of 21M | The Twilight of Gold Series | Episode 2 (WiM130)
Bitcoin and the Sanctity of 21M | The Twilight of Gold Series | Episode 2 (WiM130)
ratings:
Length:
73 minutes
Released:
Feb 4, 2022
Format:
Podcast episode
Description
My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTLester's Twitter: https://twitter.com/ProgrammableTxBOOKThe Twilight of Gold: https://www.abebooks.com/first-edition/Twilight-Gold-1914-1936-Myths-Realities-Palyi/30927065697/bdPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 The Illusory Nature of Fiat Currency Supply Inflation00:03:49 Fiat Currency is Psychologically Addictive and Destructive00:07:31 The Most Dangerous Point in an Inflationary Cycle00:09:11 Analogizing Inflation to Self-Destructive Alcoholism00:10:46 The Inevitability of Inflation Pre-Bitcoin00:14:51 “Groups of People Keeping their Options Open at the Expense of Others”00:18:18 Central Banking and Gaslighting00:23:54 Bitcoin and Exiting the Economic Dark Ages00:27:12 The Twin Storylines of “The Twilight of Gold”00:33:14 England: The OG Information Economy00:38:16 Hard Money and the Necessity of a Flexible Wage-Price Structure00:42:33 Price Deflation is Politically Unpalatable00:44:41 Convertibility was the Best Way to Cast a Vote of No Confidence in Government00:47:04 Suspending Convertibility Both Incentivizes and Finances War00:50:02 NYDIG00:51:10 Inflation as a Means of War-Financing is Infectious00:55:05 How Do We Protect the Sanctity of 21M Bitcoin?00:59:04 “The Lie that Proof-of-Stake is More Economically Efficient than Proof-of-Work”01:04:56 Fractional Reserve Banking as a Bridge from PoW to PoS01:08:22 Bitcoin is Your Voice, Your Influence, Your Say-So in the World…SOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack
Released:
Feb 4, 2022
Format:
Podcast episode
Titles in the series (100)
The Saylor Series | Episode 1 | The Rise of Man through The Stone and Iron Ages: Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build an intellectual foundation for grasping the significance of Bitcoin in the grand arc of history. by The "What is Money?" Show