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Understanding Bit Coin Is Proof of Work
You need to put in 100 hours studying it to even kind of get to level one of bit coin a. And you can almost tell when someone just hasn't done that. They're doing what we all did they're dismissing it at the outset, before they've hit that critical threshold. A hours study and a one ofther thing here, i think it's paradoxical, yet interesting, is it?
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.
Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedlove
GUEST
Lester's Twitter: https://twitter.com/ProgrammableTx
BOOK
The Twilight of Gold: https://archive.org/details/twilightofgold190000paly/
PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:
OUTLINE
00:00:00 “What is Money” Intro
00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:01:37 Power of Choice & the Inability to Change People by Force
00:07:21 Learning about Bitcoin requires "Proof Of Work"
00:10:09 Explaining America's Financial Balance Sheet
00:14:16 Answering, "What are the Big Threats to Bitcoin?"
00:17:41 Being Anonymous & Discussing Bitcoin Supply
00:22:33 Explaining "Loan to Value Ratio"
00:28:35 Discussing the Fed's Conondrum
00:33:04 Central Banking Experiment
00:36:17 The Breakdown of the Credit System in London during WW1
00:40:28 Future of Bitcoin Transactions, KYC & Holding Hard Money during Hyper-Inflation
00:44:36 National Debt & Expansion of the Money Supply during WW1
00:51:22 Watch "Hard Money with Natalie Brunell" From Swan Studios & Bitcoin Magazine
00:52:08 Take Control of Your Healthcare with CrowdHealth
00:53:17 Occam's Razor with Money Printing & Inflation
00:57:17 Praxeology, The Study of Human Action
01:00:22 Inflation & Currency Devaluation in Germany during WW1
01:08:16 People not understanding Unit Bias & Humans innate desire for "NGU"
01:13:12 Why Inflation can't be undone without paying back the Debt
01:19:48 Asset Inflation Hypnotizing people with "NGU"
01:22:08 Explaining the Issues with Price Inflation
01:25:29 Money Printing leading to Misallocation of Capital
01:32:10 Moving into a Bitcoin Standard while needing to hold Dollars
01:40:10 How Bitcoin Incentivizes Economic Gain for Society
01:44:45 "What is Money" Outro
SOCIAL
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?lang=en
All My Current Work: https://linktr.ee/breedlove22
WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/
WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true
RECOMMENDED BUSINESSES
Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanbitcoin.com/private/
CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedlove
Okcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedlove
Join Me At Bitcoin 2023, pre-order your tickets now (discount code BREEDLOVE): https://b.tc/conference/2023
Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/
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