The Design and Purpose of Bitcoin

In this episode with Tim Braheem, we discuss the properties of sound money, central banking, the incentives for armed conflict, and why Bitcoin is the best peace-making technology. 

Tim Braheem is the Founder and CEO of Performance Experts and the host of The 360 Experience podcast.

Website: https://www.performance-experts.com/
Podcast: https://www.youtube.com/@The360ExperiencePodcast

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// OUTLINE // 
00:00:00 - Coming up 
00:00:38 - Intro 
00:02:11 - Helping Lightning Startups with In Wolf's Clothing 
00:02:57 - Introducing Robert Breedlove 
00:03:22 - Robert's Europe Tour 
00:04:36 - The Questions of Significance 
00:06:03 - Insufficiency and Indispensability of Language 
00:08:47 - Understanding the Nature of Money 
00:10:39 - Money: A Universal Medium of Exchange 
00:12:57 - Money: The Most Marketable Commodity 
00:17:25 - Money Emerges from Trading 
00:19:12 - Properties of Good Money 
00:22:11 - Money Needs to Be Expensive to Produce 
00:25:53 - Counterfeiting of Money 
00:27:57 - Retaining Purchasing Power 
00:32:37 - Counterfeiting Monopoly of the US Dollar 
00:36:27 - Winners & Losers in Central Banking Paradigm 
00:41:04 - Simplifying Currency Inflation 
00:43:29 - Advantage of Investing in Real-Estate 
00:47:40 - Why Gold Became Money 
00:54:16 - Warehousing of Gold 
00:57:23 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:58:20 - Introduction of Gold-Backed Currency Standard 
01:01:12 - Problems with a Fractional Reserve Banking 
01:05:57 - Central Banks and War Incentives 
01:11:36 - A Centrally Controlled Gold Standard 
01:13:53 - Introduction of the Fiat Standard in 1971 
01:19:25 - Intital Stage of the Bitcoin Rabbithole 
01:23:43 - The $100 Trillion Question 
01:26:14 - What is Bitcoin 
01:28:56 - The Intangibility of Bitcoin 
01:34:40 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
01:35:31 - Comprehending the Non-Physical Nature of Bitcoin 
01:37:22 - Bitcoin Resembles the Properties of Good Money 
01:41:34 - Bitcoin: An Asset with Absolute Scarcity 
01:44:01 - The Emerging Consensus of Bitcoin 
01:47:32 - Bitcoin: A Money with Zero Percent Inflation 
01:49:49 - Bitcoin is More Than an Invention 
01:50:45 - Production Cost of Money 
01:52:35 - The Supply and Demand Ratio 
01:54:14 - Perfect Information in a Financial System 
01:58:07 - The Biggest Fear About Bitcoin 
01:59:14 - Bitcoin’s Price Prediction 
02:07:20 - Why Bitcoin

// PODCAST // 
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