The Potential Impact of Exiting the Traditional Financial System and Turning to Bitcoin

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.

Twitter: https://twitter.com/ProgrammableTx 
Book: https://www.amazon.com/dp/B0006C31O4 

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// OUTLINE // 
00:00:00 - Coming up 
00:00:32 - Intro 
00:02:05 - Helping Lightning Startups with In Wolf's Clothing 
00:02:51 - Money: An Abstract Battleground in Personal Relationships
00:07:16 - The Importance of Talking about Money 
00:10:05 - England's Return to the Gold Bullion Standard
00:13:20 - Norman's Letter to the Bank of Norway 
00:16:10 - Effects of the Gold Bullion Standard 
00:20:00 - Controlling the Price Level 
00:21:03 - The Power to Say 'No' 
00:23:18 - Not Your Keys, Not Your Coins 
00:26:13 - Central Planners Cannot Outsmart the Market 
00:27:18 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:28:15 - Impact of The Gold Exchange Standard 
00:33:15 - The Myth of the Gold Shortage 
00:37:19 - The Triffin Dilemma 
00:41:55 - The Ratio of Total Dollar and Total Gold 
00:43:39 - What Triffin Got Wrong 
00:45:44 - Restating Why All Pegs Break 
00:47:39 - Lester on The Most Likely Outcome of Continuous Inflation 
00:50:53 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
00:51:44 - Adopting Bitcoin Will Accelerate Dollar Inflation 
00:54:00 - The Cross Currency Rails between Bitcoin and Fiat 
00:56:49 - Advantages of the Bitcoin Standard 
00:58:25 - Applying Triffin's Dilemma to Great Britain 
01:04:03 - The Significance of Myths 
01:05:59 - The Concept of Yield is a Lie 
01:08:12 - Concluding the First Myth 
01:10:13 - Where to Find "Lester" on the Internet

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