From Genghis Khan to Michael Saylor with Eric Weiss (WiM085)

12/07/21 • 100 min

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Eric Weiss joins me to discuss the book "Genghis Khan and the Making of the Modern World," his Bitcoin story, and his orange-pilling of the Bitcoin gigachad himself: Michael Saylor.

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

GUEST
Eric's Twitter: https://twitter.com/Eric_BIGfund
Eric's Company: http://www.big.fund/

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
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Genghis Khan and the Making of the Modern World
00:08:00 Khan’s Religious Diversity
00:12:35 Unite & Conquer
00:17:35 Khan’s Institution of Money & Civility
00:21:02 Not Just Skin in the Game but Soul in the Game
00:23:25 “Rules for thee but not for me”
00:27:00 Bitcoin: The Great Unifier?
00:33:00 Bitcoin is Hope
00:35:09 Regulation for Bitcoin
00:41:04 NYDIG
00:42:11 Eric’s Introduction to Bitcoin
00:49:20 Bitcoin from 2013 to 2021
00:53:05 The Ultimate Positive-Sum Game
00:55:11 Venture Capital to Hedge Fund
01:01:09 Evolution of Asset Allocation
01:06:03 1⁄3 Property, 1⁄3 Business, 1⁄3 Bitcoin
01:10:58 Institutional Allocation in Bitcoin
01:13:14 Gold’s Failures & Bitcoin’s Consumption of Gold’s Market Share
01:19:00 Humanity’s Inability to Think Exponentially
01:21:46 The "Orange Pilling" of Saylor
01:30:07 Saylor’s Foresight & Fortitude

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

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RECOMMENDED BUSINESSES
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Eric Weiss joins me to discuss the book "Genghis Khan and the Making of the Modern World," his Bitcoin story, and his orange-pilling of the Bitcoin gigachad himself: Michael Saylor.

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

GUEST
Eric's Twitter: https://twitter.com/Eric_BIGfund
Eric's Company: http://www.big.fund/

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

Previous Episode

Responsibility as the Art of Freedom with Russell Lacour (WiM084)

Russell Lacour joins for me a mind-expanding exploration of the book “Inner Engineering: A Yogi’s Guide to Joy," focusing on the nature of individual self-responsibility and freedom.

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

GUEST
Russell's Twitter: https://twitter.com/Russell_LaCour
Russell's Company: https://tantralabs.io/

OUTLINE
00:00:00 “What is Money?” Intro
00:00:16 The Function of the Guru
00:02:19 The Market is a Psychological Drama
00:06:54 Responsibility: The Ability to Choose How to Respond
00:12:48 Bitcoin is an Inverse Ponzi Scheme
00:18:52 Is a Post-Money World Possible?
00:25:33 Yoga as Self-Transformation
00:31:12 Consciousness as the Universe Engaged in Self-Reflection
00:35:29 At the Edge of Eternity is the Unity of Opposites
00:41:32 Inner Engineering as the “User Manual” to Self
00:44:12 Love as Human Possibility, Rooted in Limitation
00:50:33 The Metaphysics of “Something and Nothing”
00:58:03 Death, Sleep, the Sacred
01:06:51 Thinking is Separating; Feeling is Unifying
01:12:23 Tantra: A Technique or Technology
01:19:35 Economizing and Amplifying Access to Dopamine
01:28:52 GPS: “Guru Pathfinding System”
01:36:17 “The Way is in Training”
01:45:40 “A Free Mind Never Concludes”
01:47:17 NYDIG
01:48:26 The Nature of Choice in The Digital Age
01:56:48 All Value Creation Requires Voluntary Action
02:05:18 “If Money Were No Object, How Would You Spend Your Life?”
02:07:48 The Quicker You Take Responsibility, The Better the Outcome
02:16:24 The Only Two Things We Can Control in Life: Effort and Attitude
02:24:24 “The Mind is a Great Servant, but a Terrible Master”
02:28:58 Material Engagement Theory and The Mind/Matter Continuum
02:37:19 Responsibility as the Art of Freedom
02:45:00 Fiat Money as a Means of Enslavement
02:56:21 A Purpose of Bitcoin: Highlighting the Flaws of Fiat
03:04:08 Inflation and Taxation as Dials for Turning Up Slavery
03:12:08 The Ability to Respond it the Basis of Life
03:20:52 Private Property is the Basis of Responsibility and Freedom
03:29:10 Taxpayers: The Crop Harvested by Statism
03:34:19 Bitcoin Reinstitutes Responsibility in the World

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

Next Episode

Bitcoin Threat Vectors | The Weinstein Series | Episode 2 (WiM086)

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/

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Bitcoin Mining as the Bridge Between Digital and Physical
00:02:36 The Issue of Theft
00:05:04 Transactional Anonymity and the Value Proposition of Bitcoin
00:07:57 Bitcoin’s Killer App: “It Makes You Rich”
00:11:00 Scarcity is Absolutely Essential to Freedom
00:14:56 Bitcoin “Toxic Maxulinity”
00:17:29 Shitcoins as “Counterfeit Bitcoin”
00:21:53 Bitcoin as “Goldilocks Money”
00:23:57 How Secure is Satoshi’s Discovery?
00:26:20 The Problem of the US Dollar as Numeraire
00:28:26 “What If The Government Made All the Thermometers?”
00:30:29 NYDIG
00:31:37 Gauge Theory as a Way to Protect the Gauges
00:32:32 Potential Threats to Bitcoin
00:36:30 Bitcoin as a Culture of Temptation-Resistance
00:39:05 Simulating a Bitcoin Market Cycle
00:42:21 Central Banking Makes Bitcoin “Number Go Up” Forever
00:48:30 The “Charismatic Campaigner” Risk
00:52:06 The Trauma of Being Vindicated on Bitcoin
00:54:55 Trait Disagreeableness is Common Among the Rich
00:56:52 Sharing Some Perspectives on Taleb and Musk