The Power of Prices and Its Significance in Capitalism

Allen Farrington and Sacha Meyers join me for a multi-episode conversation exploring their book "Bitcoin is Venice." In this episode, we discuss the power of prices, the difference between subjective and objective, social morality and technology, and whether Bitcoin can reduce violence. 

Allen Farrington and Sacha Meyers co-authored the book "Bitcoin is Venice."

// GUEST // 
Book: https://store.bitcoinmagazine.com/collections/books/products/bitcoin-is-venice 
Allen’s Twitter: https://twitter.com/allenf32
Sacha’s Twitter: https://twitter.com/sacha_meyers

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// OUTLINE // 
00:00:00 - Coming up 
00:00:40 - Intro 
00:02:12 - Helping Lightning Startups with In Wolf's Clothing 
00:02:59 - The Power of Prices 
00:06:48 - Prices as Decentralized Social Truth 
00:12:04 - Free Markets vs. Manipulation of Prices 
00:16:05 - Participating in Price Discovery 
00:19:19 - Compromise and Communication 
00:22:52 - Run Your Business From Anywhere with NetSuite 
00:23:57 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:24:54 - Literal Comprehension of Economy 
00:29:13 - Exchange Ratios of Writing and Pricing 
00:31:41 - Price Discovery: From Subjective to Objective 
00:35:53 - In-Between Subjective and Objective 
00:38:54 - Distinguishing Subjective from Objective 
00:41:33 - The Material Engagement Theory 
00:44:55 - Human Action Relevance 
00:48:42 - Idea for the Next Book 
00:50:30 - Take Control of Your Healthcare with CrowdHealth 
00:51:32 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
00:52:23 - Coercion is Destructive to Price Discovery 
00:55:23 - Price Distortion is the Omission of Truth 
00:56:43 - Consequences of Price Distortion 
01:00:05 - Paradox of Tolerance 
01:03:33 - Bringing Bitcoin into the Equation 
01:07:51 - Can Bitcoin Reduce Violence? 
01:12:35 - How Bitcoin Changes the Incentives 
01:17:01 - Social Morality and Technology 
01:21:23 - Is Bitcoin a Tool or Ideology? 
01:25:49 - Is Capitalism an Ideology? 
01:27:22 - The Line Between Ideology and Technology 
01:31:10 - Success Depends on Outcome 
01:33:46 - Where to Find Allen and Sacha on the Internet

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