OUTLINE 00:00:00 “What is Money” Intro 00:00:08 How Should Central Banks Define Money? 00:07:19 Transparency at the Base Layer of Money 00:10:35 Bitcoin as Base Layer Money? 00:12:36 Decentralized Finance Replacing the Need for Intermediaries? 00:14:55 Free Market Currencies with Bitcoin as the Base Layer Money 00:24:02 WTF are Bank Reserves Today? 00:30:13 NYDIG 00:31:22 Market Failures 00:36:28 Messy Markets 00:40:57 Free Market Self Correcting Errors or Regulatory Correction? 00:44:15 The Closer We Get to a Free Market the Better 00:46:34 Financial Law vs Property Law 00:49:08 Bullish on Bitcoin? 00:51:58 Concerns About Bitcoin