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Introduction
The wadis money show is joined by eric winstein, founder of biccoin. The pair will discuss the concept of gauge theory and path dependence. They'll also talk about how bit coin can be used to pay for things in a variety of ways.
Eric Weinstein joins me for a multi-episode conversation covering mathematics, physics, history, politics, economics, and money.
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/
GUEST
Eric's twitter: https://twitter.com/EricRWeinstein
Eric's YouTube: https://www.youtube.com/ericweinsteinphd
Eric's Podcast: https://ericweinstein.org/
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 Introduction to Gauge Theory
00:06:06 Wittgenstein’s Ruler, Invariance, and Co-Variance
00:08:36 General Relativity, Prices, and Inflation
00:10:58 Gauge Theory Says There is No “Universal Level”
00:13:27 Marginal Revolution Using the Wrong Differential Calculus?
00:16:48 Utility Theory: Ordinal vs. Cardinal
00:19:37 The St. Petersburg Paradox
00:23:06 Cardinal Utility Exhibits the Structure of a Principal Bundle
00:24:41 NYDIG
00:25:48 Economics as the Geometry of Markets
00:28:54 Competition is Critical for Scientific Progression
00:32:51 How Framing Changes What We See
00:37:26 Exploring Gold as a Gauge Theory
00:41:01 Transactional Anonymity as a Consequence of Gauge Theory
00:42:50 Conservation Laws and the Double-Spend Problem
00:44:42 Satoshi as the Originator of “Logical Physics”
00:46:07 The Big Problem of Bitcoin?
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
Worldclass Bitcoin Financial Services: https://nydig.com/
Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217
Put your Bitcoin to work. Earn up to 6% interest back on Bitcoin with Tantra: https://bit.ly/3CFcOmg
Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/
Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/
Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22
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Listen to the best highlights from the podcasts you love and dive into the full episode