Intro

This chapter features a discussion between the host and a guest about the guest's new book, 'Fiat Ruins Everything.' They delve into the signing process and the role of cryptography in ensuring authenticity and trust within the Bitcoin ecosystem.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Bitcoin core developer and author Jimmy Song recently published a new book titled Fiat Ruins Everything. In this episode, Preston Pysh and Jimmy highlight some interesting perspectives on how the money is not only changing the way businesses conduct themselves, but also how it’s impacting family values, culture, and relationships.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:59 - Why Jimmy doesn't need NFTs.

07:55 - How Alt-coins use Bitcoin to rent-seek.

12:04 - How fiat undermines work.

15:24 - How fiat ruins incentives for the individual.

46:39 - How fiat ruins incentives for the organization.

46:39 - How fiat has created the crazy VC environment.

57:14 - What is the Frankfurt School Conundrum?

01:01:52 - How fiat is impacting family values.

01:01:52 - How fiat is changing culture.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jimmy Song's new book, Fiat Ruins Everything.
Jimmy's book, Programming Bitcoin: Learn How to Program Bitcoin from Scratch.
Related Episode: Listen to BTC009: Bitcoin Engineering with Bitcoin Core Developer, Jimmy Song, or watch the video.
Related Episode: Listen to BTC050: Bitcoin Policy, Fundamentals, & Impact w/ CJ Wilson & Jimmy Song, or watch the video.

NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

River
Toyota
Range Rover
Briggs & Riley
American Express
The Bitcoin Way
Public
Onramp
USPS
Simon & Schuster
SimpleMining
Vacasa
Shopify
AT&T
iFlex Stretch Studios

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

Home Top podcasts Popular guests