Bitcoin's Challenge to Capitalism

This chapter explores the contrasting dynamics between traditional capitalism and alternative economic systems, with a particular focus on Bitcoin's disruptive potential. The speakers discuss the philosophical implications of Bitcoin, advocating for a reevaluation of value and ownership in the context of modern economic practices.

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Episode notes

During Preston Pysh's discussion with Allen Farrington, Allen provides critical thought experiments and challenges to many of the ideas that plague Wall Street and business schools.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

04:56 - What does the UFC have to do with economics and money?

08:28 - The Efficient Market Hypothesis.

19:18 - Is risk volatility?

19:18 - The Capital Asset Pricing Model.

31:10 - This is NOT capitalism.

34:49 - The flaws in using GDP.

44:21 - Thoughts on Bitcoin and derivative markets.

44:21 - The societal implications of Bitcoin and beyond it's economic value.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Allen Farrington's Twitter.
Allen's Website.
Allen's book, Bitcoin is Venice.

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