Praxeology: The Study of Human Action with Knut Svanholm (WiM332)
The "What is Money?" Show
The Importance of Time Preference
Man prefers present satisfaction to later satisfaction. The further off into the future you are, the more uncertain it becomes. What a steady wage can give you is a sense of security. And that whole thing breaks down also when there's too much inflation and when money breaks.
Knut Svanholm joins me to discuss the nature of human action, what is money, the inadequacy of our language, and the incentives of Bitcoin.
Knut Svanholm is an author, former tall ship sailor, singer, and crew manager at an offshore shipping company.
// GUEST //
Twitter: https://twitter.com/knutsvanholm
Website: https://www.knutsvanholm.com/
Books: https://www.amazon.com/stores/author/B087WQ4H28
// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
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// OUTLINE //
00:00:00 - Coming up
00:01:04 - Intro
00:02:37 - Helping Lightning Startups with In Wolf's Clothing
00:03:23 - Introducing Knut Svanholm
00:04:05 - The Inspiration behind Knut's New Book
00:05:48 - The Relationship of Science with Empiricism and Rationalism
00:07:13 - The 'Men Must Act' Axiom
00:09:26 - The Conflict of Purpose and How Bitcoin Neutralizes It
00:13:18 - The Assumptive Foundations of Mathematics
00:15:27 - Bitcoin: Where Map Defines the Territory
00:17:56 - Bitcoin is Dependent upon Human Act
00:21:00 - The Distinction between Hodling and Saving
00:24:35 - The Inadequacy of Language
00:26:45 - Identifying the Data on the Time Chain
00:29:45 - Defining Purpose and Its Relation to Tools
00:33:47 - Action Based on Subjective Valuation
00:37:08 - How Money Redefines Our Rationality and Language
00:39:22 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:40:19 - Maximize Your Profits with Gold Investment Letter
00:41:15 - Take Control of Your Healthcare with CrowdHealth
00:42:17 - The Flaw in our System
00:44:32 - Decreased Rational Argument and Increased Physical Confrontation
00:46:24 - Modern Civilization is a Result of Free Market
00:48:56 - The Moral Dimension of Human Existence
00:52:24 - The Significance of Property Rights
00:54:44 - Fiat Money Breaks The World
00:57:45 - How Bitcoin Redefine Regulation
00:59:52 - The Incentives of Fiat Money
01:01:50 - Corruption of Money and its Correlation with Bitcoin
01:07:55 - How the Game We’re Playing Leads to Character Development
01:10:00 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
01:10:52 - Hold Bitcoin in the Most Secure Custody Model with Casa
01:11:40 - Gradual Transition into the Bitcoin Game
01:14:51 - The Purpose of Toxicity in Bitcoin Adoption
01:17:54 - The Relation between Economic Incentives and Love
01:20:18 - The Economic Incentives between Bitcoiners
01:24:25 - Defining Counterfeiting and its Consequences
01:28:32 - Government: the Ultimate Counterfeiting Agency
01:30:01 - There is no Free Lunch
01:34:45 - The Connection of Money and Reality
01:36:15 - The Takeaways of Today's Discussion
01:38:42 - Where to Find Knut's Work
// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast...
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// SUPPORT THIS CHANNEL //
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// WRITTEN WORK //
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// SOCIAL //
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