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We are all Addicted to Digits with Ivan Makedonski
Welcome to The Block Reward, your go-to Bitcoin Podcast. We're dedicated to providing approachable Bitcoin content tailored for newcomers and enthusiasts alike. Subscribe and hit the bell icon to stay updated on our latest episodes!
In this episode, Scott interviews Ivan Makedonski, Chief of Staff at Breez. Ivan deciphers Bitcoin's undeniable strengths, comparing it to fixed symbols like numbers and highlighting its role in combating digital addiction. He delves into the Lightning Network's transformative potential for blockchain transactions and the unique value Bitcoin brings over traditional currencies. Tune in as Ivan explains how Bitcoin is revolutionizing the monetary system, offering unparalleled control, security, and opportunity for a more equitable financial future.
Key Topics Discussed:
The network effect in Bitcoin's superiority
Bitcoin's fixed scarcity and limitations
Bitcoin's broad range of potential benefits
Digital addiction and Bitcoin's advantages
Simplifying the Lightning Network usage
Timestamps:
05:07 Bitcoin's proof of work connects digital to real energy, unlike fiat currency.
07:24 A personal tragedy in 2008 led to an appreciation of Bitcoin as a means of protecting assets.
16:38 Bitcoin challenges traditional views of money and presents new ideas on value.
19:13 People want us addicted to various types of digits, including social media, gaming, and loyalty points.
23:08 Early Bitcoin adopters benefit from its universal access, while governments devalue fiat currencies.
27:17 Keynesian economists' views on reality are dismissed, as reality will ultimately be repriced and devalued. Printing money causes friction in the system and efficiency is emphasized over production quantity.
32:15 Lightning Network optimizes blockchain transactions for scalability.
39:11 At Lightning Network, innovation arose organically, attracting developers without barriers.
43:44 A system crash is predicted, urging a connection to the network for control and appreciation of purchasing power for all.
Bitcoin is the most important incentive an employer can offer today. To learn more about how your company can start incorporating Bitcoin into compensation and rewards, visit www.blockrewards.ca
Buy The Dao of Bitcoin here:
https://www.amazon.com/dp/B0CXPJ28GV
55:06 Embrace new reality, learn, use gravity, understand Bitcoin, and build the future.
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