How Bitcoin Will End Currency Counterfeiting with Michael Goldstein (WiM252)
The "What is Money?" Show
Coin Clipping and Other Forms of Seniorage by Fraud
A state has a natural tendency towards using mints as an attack vector. So you can start shaving off the value of coins by melting them down and then reminting them, which is effectively senior age. You can also defraud people who are holding that coin to make it even more valuable. That's what Hoppe is talking about in his article "The Power Of The Mint"
Prolific Writer and Bitcoiner Michael Goldstein joins me for an in-depth conversation about his latest writing titled, "Toward a Node World Order: How Bitcoin Obsoletes Inflation and Promotes Human Flourishing".
Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedlove
GUEST:
"Toward a Node World Order": https://bitcointimes.io/toward-a-node-world-order/
Michael's Substack: https://bitstein.substack.com
Michael's Twitter: https://twitter.com/bitstein
"Nakamoto Institute": https://nakamotoinstitute.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 Music
00:00:08 “What is Money?” Intro Message
00:00:54 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:01:48 Do More with Your Digital Assets with Ledn
00:02:33 "Toward a Node World Order: How Bitcoin Obsoletes Inflation and Promotes Human Flourishing"
00:07:32 How the State Weaponizes Idealogy
00:12:00 Exploitative Acts Via the State
00:18:58 “Modern State Power Rests on the Monopolization of Money”
00:22:20 Inflation and Taxation
00:28:00 "The Ultimate Tax" - How The State Lives Off Taxation
00:31:47 "Gold Didn’t Fix This"
00:36:27 The Attack Vectors with Minting Coins
00:42:57 Seniorage
00:44:33 The Uncertain Comfort Money Provides
00:48:35 Take Control of Your Healthcare with CrowdHealth
00:49:37 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:50:12 Invest in the Fine Art Market with Masterworks
00:50:48 Hold Bitcoin is the Most Secure Custody Model with Casa
00:51:37 “The Yield From Money Held Reconsidered”
00:55:16 The Relationship with Propaganda and Fiat\
01:01:35 Military Dominance Enforcing Fiat
01:06:46 Bitcoin Fixes This: The Power of Full Nodes
01:14:33 The Audibility of Bitcoin
01:16:09 Being Your Own Bank with Bitcoin
01:20:31 Bitcoin Network
01:28:10 Demonopolization of the State Through Honest Money
01:33:12 Bitcoin Ends Currency Counterfeiting
01:36:34 Where to Find Michael’s Work
01:37:25 “What is Money?” Outro Music
SOCIAL
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LinkedIn: https://www.linkedin.com/in/breedlove22/
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All My Current Work: https://linktr.ee/breedlove22
WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/
WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
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The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true
RECOMMENDED BUSINESSES
Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedlove
Ledn lets you do more with your digital assets: https://www.ledn.io/
CrowdHealth offers an innovative health insurance model based on Bitcoin and community:
https://www.joincrowdhealth.com/breedlove
Wasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/
Masterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE): https://www.masterworks.com
Casa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/
Buy High Quality Bitcoin Apparel Here (use discount code BREEDLOVE):
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Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/
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