Jason Lowery from the US Space Force joins me for a multi-episode series exploring the first principles of physics, the ubiquity of organic power projection, and how Bitcoin changes the game.
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/
GUEST
Jason's Twitter: https://twitter.com/JasonPLowery
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 “Operational Effectiveness” vs. “Competitive Strategy” of Bitcoin Mining
00:04:42 Competitive Strategy is Detected by What the Opponent is Not Doing
00:08:59 The Point of Defense is to Increase the Energy Footprint of the Network
00:11:34 Proof-of-Stake vs. Proof-of-Work
00:16:11 In the Event of a 51% Attack on the Bitcoin Network…
00:20:45 The Glaringly Obvious Problems with Proof-of-Stake…
00:26:35 Bitcoin is a System that Turns Anyone’s Self-Interest into Everyone’s Self-Interest
00:31:28 Good Engineering Involves Discovering and Respecting the Constraints of Nature
00:35:56 How to Engineer a Good Monetary System
00:39:55 The Inevitable Engineering Failure of Any Mass-Based Money
00:44:09 “Nature, to be Commanded, Must be Obeyed”
00:45:33 NYDIG
00:46:41 Before Bitcoin, We Could Not Engineer a Money in Harmony with Human Nature
00:49:40 Properly Framing the Security Properties of an Engineered System
00:53:59 The Epistemological Model of Security Failures (What Gets Measured, Gets Done)
00:58:55 Factoring in the Ethical, Moral, and Design Considerations of Engineered Systems
01:02:23 The Strategic Significance of Bitcoin
01:06:26 Bitcoin as a New Schelling Point in the Infinite Game of Power Projection
01:09:44 The Immense Sacrifices Inherent to Establishing Control Structures over Property
01:13:26 Bitcoin as Leading Contributor to the Future of Property Defense
01:16:39 Adopt New Military Schelling Points Voluntarily, Otherwise They Will be Imposed
01:18:10 The Dangers of Ignoring Disruptive Technology: Why the USG Should Buy Bitcoin
01:23:00 Bitcoin as a Permanent Feature of the Competitive Terrain of the 21st Century
SOCIAL
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WRITTEN WORK
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WAYS TO CONTRIBUTE
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RECOMMENDED BUSINESSES
Worldclass Bitcoin Financial Services: https://nydig.com/
Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217
Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/
Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/
Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack
