Bitcoin and The American Dream | The Weinstein Series | Episode 5 (WiM100)

12/28/21 • 58 min

1 Listener

Eric Weinstein joins me for a multi-episode conversation covering mathematics, physics, history, politics, economics, and money.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Eric's twitter: https://twitter.com/EricRWeinstein
Eric's YouTube: https://www.youtube.com/ericweinsteinphd
Eric's Podcast: https://ericweinstein.org/

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?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 The Systemic Failure of Modern Socioeconomic Incentives
00:04:27 The Importance of “Paying People in Immorality”
00:07:02 “The American Dream Has Stopped Paying a Dividend”
00:09:22 Atheism and the Disincentives to Accomplishment
00:11:58 “Tried to Put Some Money Away, But I’ve Got Debts No Honest Man Can Pay”
00:14:52 Do Unbreakable Rules Engender Cultural Vitality?
00:17:46 The Difficulty of Changing Existing Cultures
00:20:39 “Nature Just Cares About Strategies that Work”
00:24:20 Quantifying the Collapse of The American Dream
00:29:14 NYDIG
00:30:22 Does Fixing the Money Fix the Pace of Innovation?
00:35:02 DISC: “The Distributed Idea Suppression Complex”
00:38:04 “Fix the Science, Fix the World”
00:40:20 Money Geeks Need to Focus More on Science
00:42:15 The Market as a Trained Neural Net in a Force Field Called Money
00:47:37 Bitcoin: Let It Be Money Before It Is Anything Else
00:49:49 Isn’t Bitcoin Scientific Money?
00:54:11 Eric Saying One Super-Offensive Thing to the Bitcoin Community...

SOCIAL
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WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

WAYS TO CONTRIBUTE
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RECOMMENDED BUSINESSES
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Eric Weinstein joins me for a multi-episode conversation covering mathematics, physics, history, politics, economics, and money.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Eric's twitter: https://twitter.com/EricRWeinstein
Eric's YouTube: https://www.youtube.com/ericweinsteinphd
Eric's Podcast: https://ericweinstein.org/

WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

Previous Episode

Centralized Law vs Decentralized Law with Stephan Kinsella (WiM099)

Stephan Kinsella joins me to discuss the nature of centralized law legislated by fiat in comparison with decentralized law discovered through the observation of human action across time.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Stephan's Twitter: https://twitter.com/NSKinsella
Stephan's Website: https://www.stephankinsella.com/

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Exploring the Meaning of Legislative “Law”
00:09:40 Possession is 9/10ths of the Law
00:16:43 Corruption in Law Making & Money Printing
00:20:30 Is Coercion Inherent to Fiat?
00:26:44 Bitcoin Replacing Fiat Standards?
00:30:00 The Basics of Human Action and Property
00:36:17 Is Bitcoin Property?
00:44:25 NYDIG
00:45:34 Does the Nature of Legal Disputes Change Under a Bitcoin Standard?
00:51:42 Custodial Aspects of the Fractional Reserve Banking System
00:57:49 Bitcoin Lending & the Threat of Rehypothecation
01:03:25 Does Bitcoin Disincentivize High Risk Human Action
01:08:37 Morality Under a Bitcoin Standard vs a Fiat Standard
01:18:11 Centralized Legislation Contributes to Uncertainty

WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

Next Episode

A Priori vs Empirical Knowledge | The Song Series | Episode 5 (WiM101)

Jimmy Song joins me for a multi-episode conversation covering the masterful anti-state treatise “Democracy: The God that Failed” written by Hans-Hermann Hoppe.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Jimmy's twitter: https://twitter.com/jimmysong
Jimmy's podcast: https://podcasts.apple.com/us/podcast/bitcoin-fixes-this/id1523910866
Jimmy's writing: https://jimmysong.substack.com/

OUTLINE
00:00:00 “What is Money” Intro
00:00:08 A Priori Knowledge vs Empirical Knowledge
00:04:37 Defining A Priori Theory
00:07:32 The Fundamental Nature of Reality
00:10:33 Nihilistic Nature of Empirical Knowledge
00:16:37 Free Will: The Basis of Human Action
00:20:40 A Priori Theory in Economics
00:30:24 NYDIG
00:31:33 Empirical Rationalization
00:35:59 The Ideology of the World Wars
00:41:17 Statism Adapting to the Market Economy
00:47:17 Brainwashing the Public in a Democratic Society
00:53:53 Lack of Respect for Reason Because Deception is So Profitable
00:58:32 “He Who Controls the Chart, Controls the Narrative” and Bitcoin vs Altcoins