5min chapter

The "What is Money?" Show cover image

Softwar: Bitcoin as Non-Lethal Warfare with Jason Lowery (WiM315)

The "What is Money?" Show

CHAPTER

The Root Problem With Trust-Based Agreements

In the Software I talked about pre-mortal economics this started with your conversation but I finally put an equation to it every resource has a benefit to attack. Everything has a cost of attacking or cost of being attacked so like the way deterrence works is Will let's adopt a common belief system That's your laptop if we just you know if we just settle it there then there's no cost of attacking your laptop. There's no marginal cost of attacking as long as we have this a group of belief system. But laws and our common belief systems are demonstrably ineffective at securing our property rights alone Over and over and over trust based for 5,000 years these trust-based belief systems that we

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode