21min chapter

#509: Sustaining Bitcoin For Generations with Michael Goldstein

TFTC: A Bitcoin Podcast

notes

CHAPTER

Building Trust in Bitcoin and Decentralization

The chapter explores how Bitcoin establishes trust through cryptography and individual agency, contrasting it with traditional centralized institutions. It delves into the importance of personal choices in running nodes and managing keys within the Bitcoin network. Additionally, the discussion covers the trustless nature of Bitcoin transactions compared to the reliance on trust in traditional financial entities like the Fed.

00:00

Transcript

Episode notes

Marty sits down with Michael Goldstein to discuss the Nakamoto Institute, timeless ideas, and bitcoin rhetoric.

Learn about the Satoshi Nakamoto Institute design fundraiser: https://news.nakamotoinstitute.org/p/help-give-sni-timeless-beauty

Support the Satoshi Nakamoto Institute design fundraiser: https://pay.zaprite.com/pl_saYgrVYmCi

Michael on Twitter: https://x.com/bitstein

Michael on Nostr: https://primal.net/bitstein

Nakamoto Institute: http://nakamotoinstitute.org/

Nakamoto Institute on Twitter: https://x.com/NakamotoInst

Nakamoto Institute on Nostr: https://primal.net/sni

0:00 - Intro
0:50 - Nakamoto Institute origins
5:42 - Timeless ideas
12:08 - River & Unchained
13:24 - Popularity drivers for Austrian econ
22:26 - Distractions from bitcoin as money
27:39 - Gradually, Then Suddenly & Zaprite
29:16 - Framing fiat’s weakness
36:28 - Art of Bitcoin Rhetoric
43:11 - Don’t let haters dictate terms
50:08 - “Trust in human institutions”
1:01:29 - The power of effective messaging
1:19:40 - Highlighting solutions
1:25:19 - Advertisements and algorithms
1:33:35 - Nakamoto Institute revitalization
2:00:06 - Ossification discourse
2:08:40 - Telethon brainstorm and plugs