The Subjective Nature of Capital

Allen Farrington and Sacha Meyers join me for a multi-episode conversation exploring their book "Bitcoin is Venice." In this episode, we discuss the nature of capital and its connection with culture, the effects of Bitcoin on culture and ethics, and how the Bitcoin standard changes the primary incentive structure under which mankind operates.

Allen Farrington and Sacha Meyers co-authored the book "Bitcoin is Venice". 

// GUEST // 
Book: https://store.bitcoinmagazine.com/collections/books/products/bitcoin-is-venice 
Allen’s Twitter: https://twitter.com/allenf32
Sacha’s Twitter: https://twitter.com/sacha_meyers

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// OUTLINE // 
00:00:00 - Coming up 
00:00:47 - Intro 
00:02:21 - Helping Lightning Startups with In Wolf's Clothing 
00:03:07 - Definition of Capital 
00:06:59 - The Origin and Nature of Capital 
00:10:36 - Subjectivity and Marginal Revolution 
00:13:16 - Keynesian Economics vs. Real Economics 
00:15:09 - Labor Theory of Value 
00:19:07 - Error in Keynesian Economics 
00:22:00 - Origin of Modern Keynesianism 
00:27:21 - Run Your Business from Anywhere with NetSuite 
00:28:26 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:29:23 - Relationship Between Capital and Culture 
00:35:50 - Is Mythology a Form of Capital? 
00:41:03 - Different Ways of Knowing 
00:44:55 - Feedback Loop of Capital Forms 
00:47:35 - How Does Bitcoin Affect Culture 
00:50:10 - How Bitcoin Fixes Lying 
00:55:13 - Dynamism of Culture and Consumption of Capital 
01:00:00 - Take Control of Your Healthcare with CrowdHealth 
01:01:02 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
01:01:53 - Bitcoin Connects Ethics to Economic Incentives 
01:04:43 - The Intention Behind Bitcoin’s Discovery 
01:07:40 - Bitcoin Incentives vs. Fiat Incentives 
01:15:18 - Luxury of Ethics 
01:19:12 - Requirements for Creating Capital 
01:22:35 - Where to Find Allen and Sacha on the Internet

// PODCAST // 
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Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
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