The Future of Bitcoin

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Bitcoin is a great store of value over long term. And it carries actually much less risk than the other instruments that we use as a store of value right now. Bitcoin will tend to be adopted as this non state money first, because of its store of value function. It's starting to work even as a medium of exchange right now in places like Africa, South Africa, Nigeria. I don't believe it really matters if any state like allows it or makes it really good. But it's the separation of running state is unstoppable and an emerging phenomenon that's happening over on the world.

Josef Tětek joins me to discuss the relationship between the Austrian School of Economics with Bitcoin, the impact of time preference, and the non-state properties of Bitcoin.

Josef Tětekis an author and a podcaster. He works as a Bitcoin Analyst at SatoshiLabs.

// GUEST //
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// OUTLINE //
00:00 - Coming up
00:51 - Intro
02:24 - Helping Lightning Startups with In Wolf's Clothing
03:10 - Introducing Josef Tětek
03:30 - Quick Background and Path into Bitcoin
04:44 - Orange Pill Moment
05:25 - Relationship of the Austrian School of Economics with Bitcoin
09:35 - No Supercomputer can Replace the Pricing System
12:26 - Distributed Computing vs. Centralized Computing
14:40 - Emergent Pricing vs. Central Planning
17:10 - The Immutable Laws
18:31 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
19:27 - Maximize Your Profits with Gold Investment Letter
20:24 - Time Preference and its Connection to Money
26:43 - Positive Consequences of Low Time Preference
28:50 - Monetary History: From Gold to Bitcoin
33:48 - Problems of the Gold Standard
35:21 - The Intangibility of Bitcoin
36:02 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
36:54 - Hold Bitcoin in the Most Secure Custody Model with Casa
37:42 - Bitcoin: Separation of Money and State
42:16 - Attributes that Make Bitcoin a Non-State Money
44:01 - Why Bitcoin Only
47:43 - Ten Commandments of Bitcoin
51:04 - How to Find Josef's Work

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