In this series titled "Principles of Bitcoin" I will be doing a deep dive on my written work "An Open Letter To Ray Dalio re: Bitcoin" which explores money, economics, and Bitcoin through the lens of Ray Dalio's stated principles on life and work.Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedloveGUEST:"An Open Letter to Ray Dalio Regarding Bitcoin": https://breedlove22.medium.com/an-open-letter-to-ray-dalio-re-bitcoin-4b07c52a1a98Ray Dalio's book "Principles": https://www.amazon.com/Principles-Life-Work-Ray-Dalio/dp/1501124021Robert's Twitter: https://twitter.com/Breedlove22Robert's Website: https://vida.page/breedlove22PODCASTPodcast 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?” Intro Music00:00:08 “What is Money?” Intro Message00:00:54 Learn about Bitcoin with Swan Private at SwanPrivate.Com00:01:48 Do More with Your Digital Assets with Ledn00:02:33 Who is Ray Dalio?00:05:15 Ray Dalio's Take on Bitcoin (2019)00:07:19 Bitcoin Not "Blockchain"00:09:24 Absolute Scarcity of Bitcoin00:12:05 Path-Dependence 00:15:34 The Problems with "Forking" Networks00:19:00 Shelling Point of Bitcoin00:22:00 Discovering Absolute Scarcity00:25:22 Take Control of Your Healthcare with CrowdHealth00:26:23 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet00:26:59 Invest in the Fine Art Market with Masterworks00:27:35 Hold Bitcoin is the Most Secure Custody Model with Casa00:28:23 The Ultimate Pricing Mechanism00:29:56 Social Scalability with Money00:34:13 "Taxation without Representation"00:37:04 The Devaluing of Fiat Currencies Due to Inflation00:38:59 The Power of Distribution Networks00:42:08 Principles of Bitcoin00:44:24 “What is Money” OutroSOCIALBreedlove 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 BUSINESSESSwan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy:https://www.swanprivate.com/breedloveLedn lets you do more with your digital assets: https://www.ledn.io/CrowdHealth offers an innovative health insurance model based on Bitcoin and community:https://www.joincrowdhealth.com/breedloveWasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/Masterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE):https://www.masterworks.comCasa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/Buy High Quality Bitcoin Apparel Here  (use discount code BREEDLOVE):https://thebitcoinclothingcompany.com/breedloveAutomatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/Try Feel Free Tonics, a Great Alternative to Alcohol and Caffeine (use discount code BREEDLOVE): https://botanictonics.com