Name: The Nature of Money and Bitcoin with Robert Breedlove (WiM363)
Uploaded: 2023-09-08T16:00:12+00:00
Duration: 1 h 19 min 53 s
Description: In this episode with Scott McBlane, we discuss the nature of money, the attributes of ideal money, the central bank of central banks, and why Bitcoin is the closest thing to perfect money humans have

2 years ago

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In this episode with Scott McBlane, we discuss the nature of money, the attributes of ideal money, the central bank of central banks, and why Bitcoin is the closest thing to perfect money humans have ever had.

Scott McBlane is the host of the YouTube channel called Scott McBlane.

Twitter: https://twitter.com/scottmcblane
Youtube: @ScottMcBlane

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// OUTLINE //
00:00:00 - Coming up
00:00:33 - Intro
00:02:06 - Helping Lightning Startups with In Wolf's Clothing
00:02:52 - Introducing Robert Breedlove
00:03:38 - Learning the Nature of Money
00:05:13 - Introduction to The "What is Money?" Show
00:07:03 - Language and Money
00:10:52 - Money: A Medium of Exchange for Human Action
00:14:19 - Imperfection of Money
00:16:03 - Money is a Tool
00:17:33 - Attributes of Ideal Money
00:18:58 - Global Economy is a Complex Adaptive System
00:22:15 - Origins of Money and Division of Labor
00:25:34 - Money is a Primary Part of Civilization
00:28:01 - Government Didn't Create Money
00:31:40 - Money is the Most Tradeable Asset
00:32:43 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:33:39 - The Barter Problem: Non-Coincidence of Wants
00:38:20 - What is the Bank for International Settlements
00:41:50 - Organized Corruption of Money
00:45:16 - The Money Printing Machine
00:47:33 - The Need for an Immune Money to Counterfeiting
00:48:30 - The Problem with Gold
00:51:04 - Bitcoin: The Ultimate Uncounterfittable Money
00:53:05 - Like Zero, Bitcoin is an Absolute Innovation
00:54:51 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:55:43 - Quality of the Money Dictates Its Transaction
00:57:51 - People Want Specific Outcomes of the Goods
00:59:42 - Five Useful Properties of Money
01:02:32 - Properties of Money Determine its Purchasing Power
01:05:31 - Why Bitcoin is the Perfect Money
01:09:49 - Bitcoin: The Invention of Pure Money
01:13:07 - Experience of Meeting Jordan Peterson
01:18:13 - Fix the Money, Fix the World