Are You Too Late to Bitcoin? with Luke Broyles (WiM357)
The "What is Money?" Show
The Wheel of Money: Understanding Bitcoin as the First Perfect Circle of Money
The chapter explores the analogy of money as a wheel and Bitcoin as the first perfect circle of money. It delves into the removal of political frictions in Bitcoin that enhance its efficiency and seamless transfer of value, distinguishing it from other assets like oil and gold.
Luke Broyles joins me to discuss the history of monetary addiction, why scarcity is the best attribute of Bitcoin, how technology connects us with past and future, and the game theory of Bitcoin.
Luke Broyles is an author, investor, philosopher, and Bitcoin thinker.
Luke’s film (“The Case for Bitcoin”) Geyser fundraising link:
https://geyser.fund/project/caseforbitcoin
Luke’s film (“The Case for Bitcoin”) fiat gofundme link:
https://www.gofundme.com/f/educational-film-on-finances-inflation-bitcoin
Twitter: https://twitter.com/luke_broyles
YouTube: https://www.youtube.com/channel/UCTmQYBKMA0RirWUHK5-V85Q
Luke’s consulting and coaching services:
https://www.patreon.com/LukeBroyles
LinkedIn: https://www.linkedin.com/in/luke-broyles-b0165a224
// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/
Wasabi Wallet: https://wasabiwallet.io/
Casa (use discount code BREEDLOVE): https://keys.casa/
Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/
Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com
Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/
// OUTLINE //
00:00:00 - Coming up
00:00:26 - Intro
00:01:59 - Helping Lightning Startups with In Wolf's Clothing
00:02:45 - Introducing Luke Broyles
00:04:42 - Unpacking Luke's Tweet about the Corruption of Money
00:07:28 - The 4000 Years of Monetary Addiction
00:09:24 - Bitcoin: An Idea Free from Human Control
00:12:36 - Scarcity as the Strongest Attribute of Bitcoin
00:15:17 - No Way to Monopolize Bitcoin
00:19:11 - The Invention of Pure Money
00:24:20 - Before and After Bitcoin
00:27:02 - Bitcoin is a Paradigm Shift
00:30:39 - Understanding the Value of Innovation
00:32:19 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:33:16 - Bitcoin is a Perfect Economic Wheel
00:37:11 - Unpacking Game Theory
00:41:45 - The Financial Game Theory
00:45:38 - Applying Game Theory to Bitcoin
00:47:30 - The Bigger Gun Diplomacy
00:51:03 - How Incentives Determine Human Behavior
00:53:02 - Bitcoin’s Redundancy
00:55:08 - Technology and its Connection to Past, Present and Future
01:03:53 - Bitcoin's Time in History
01:05:40 - The Greatest Human Shortcoming
01:07:03 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
01:07:55 - Hold Bitcoin in the Most Secure Custody Model with Casa
01:08:43 - Relationship of Exponential Function with Bitcoin Adoption
01:11:04 - Never Too Late for Bitcoin
01:15:32 - Prosperity and the Bitcoin Revolution
01:18:10 - The Fiat Mindset
01:20:39 - Why Bitcoin is The Pump Scheme
01:22:02 - Currency Debasement and Hyperinflation
01:23:54 - Crisis Leads to Alternative Solution
01:28:32 - Upcoming Bitcoin Documentary by Luke
01:32:31 - How to find Luke's Work
// 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?
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
// SUPPORT THIS CHANNEL //
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
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Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
// WRITTEN WORK //
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/
// 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
All My Current Work: https://vida.page/breedlove22
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