Vijay Selvam is a lawyer and the author of Principles of Bitcoin: Technology, Economics, Politics, and Philosophy, a comprehensive first-principles guide to understanding Bitcoin’s multidimensional impact and once‑in‑history discovery.

› https://x.com/VijaySelvamXO

› https://www.amazon.com/Principles-Bitcoin-Technology-Economics-Philosophy/dp/023122012X

› ’Bitcoin is Time’ paper that is referenced: https://dergigi.com/2021/01/14/bitcoin-is-time

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🕑 TIMESTAMPS

00:00 - Introduction to Bitcoin and Its Principles

03:06 - The Journey from Gold to Bitcoin

03:31 - Understanding Bitcoin Through First Principles

04:03 - The Rock of Centaurus: A Thought Experiment

04:09 - The Map is the Territory: Bitcoin's Unique Nature

10:36 - Bitcoin's Edge Over Traditional Assets

13:26 - The Core of Digital Scarcity

14:53 - Understanding Money and Its Properties

20:32 - The Evolution of Money

21:06 - The Impact of Inflation and Debt

23:55 - Central Planning and Its Consequences

29:32 - Bitcoin's Role in Sovereignty and State Power

45:43 - The Cycle of Civilizations

47:50 - Time Preference and Economic Behavior

49:47 - Bitcoin as a Solution to Consumerism

53:13 - The Impact of Money on Society

53:54 - Bitcoin: A Once in History Invention

01:00:45 - Bitcoin as a Mirror of Self-Reflection

ℹ️ EPISODE SUMMARY

Bram Kanstein and Vijay Selvam unpack The Principles of Bitcoin — technology, economics, politics, and philosophy — through the eyes of an ex–Wall Street lawyer who lived the 2008 crisis from the inside.

Vijay saw bailouts and moral hazard up close, turned to gold, and eventually realized Bitcoin’s absolute scarcity, decentralized consensus, and unstoppable design make it the once-in-history breakthrough the world needs. From the Rock of Centaurus thought experiment to proof-of-work, incentives, inflation, and sovereignty, this conversation cuts to Bitcoin’s core: why it can’t be shut down, and why everything else in society flows downstream from the quality of money. We cover:

Why Wall St. insiders dismissed Bitcoin at first
Scarcity, consensus, and proof-of-work explained simply
Why incentives make Bitcoin unstoppable
The map vs. territory problem solved by Bitcoin
Fiat inflation as hidden theft
Bitcoin as a nonviolent revolution against state control
How sound money reshapes time preference, culture, and the future

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