Natalie Smolenski: Bitcoin as Pristine Collateral for a Society of Broken Money & Values
Apr 4, 2024
auto_awesome
Founder and anthropologist Natalie Smolenski discusses valuing Bitcoin and its potential as 'Pristine Collateral'. They explore Bitcoin's governance impact, self-sovereignty, and societal benefits. The conversation critiques the fiat money system, inflation, and the role of Bitcoin in redefining financial systems. They also discuss the rising costs of living, political solutions, and future publication updates.
Bitcoin can serve as 'Pristine Collateral' redefining economic transactions and stabilizing value.
The Satoshi papers project explores Bitcoin's impact on governance, currency issuance, and monetary policy in the 21st century.
Deep dives
The Satoshi Papers: Academic Essays on Bitcoin and Political Economy
The main project discussed is the Satoshi papers, an edited volume of academic essays on Bitcoin and political economy with contributions from various fields. This project aims to delve into questions about Bitcoin's impact on governance, particularly in currency issuance and monetary policy, raising new questions about the role of the state and society in the 21st century.
Bitcoin's Revolutionary Potential as Digital Ledgers
Bitcoin is compared to the historical development of written ledgers, highlighting its potential as global networks of verification and immutable transaction records. The discussion emphasizes how Bitcoin's technology may lead to unforeseen technological innovations, akin to the impact of the first written ledgers on the emergence of written language in ancient Mesopotamia.
Bitcoin's Role as Pristine Collateral and Capital
Bitcoin is described as promising censorship-resistant peer-to-peer transactions and unforgibly costly scarcity. This distinct value proposition challenges conventional notions of money, shifting the focus to the collateral's clear use value. The potential for Bitcoin to redefine economic transactions and stabilize value as pristine collateral and capital is highlighted.
Economic Resilience, Hope, and Truth in American Society
Resilience, innovation, and hard work are acknowledged as defining traits of the American people. The discussion delves into economic productivity after COVID-19, highlighting the need for truthful economic indicators amidst governmental data manipulation. The importance of economic opportunity, informed decision-making based on market signals, and reevaluating societal values in light of economic distortions is emphasized.
In this episode with founder and anthropologist Natalie Smolenski we discuss:
How to value Bitcoin
The symptoms of broken money in society: corruption and grift
Why is Bitcoin not the obvious answer?
Bitcoin as 'Pristine Collateral'
Will credit be as widely used on a Bitcoin Standard?
Satoshi Papers
----
Coin Stories is powered by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com.
----
Natalie Smolenski is a startup and non-profit founder and economic anthropologist focusing on how people create value and govern themselves in bottom-up and top-down ways. Natalie founded and leads the Texas Bitcoin Foundation, a public charity dedicated to original research and education about Bitcoin and political economy.
Bitcoin Nashville is July 25-27th! Join me for my 3rd Annual Women of Bitcoin Brunch! Get 10% off your conference passes using the code HODL: https://b.tc/conference.
Buy Bitcoin, secure it through multisig collaborative custody, start a Bitcoin IRA or take out a Bitcoin loan with UNCHAINED: https://shorturl.at/jmW29 promo code Natalie
Safely self-custody your Bitcoin with Coinkite and the ColdCard Wallet. Get 5% off: https://shorturl.at/apsLU
Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America’s most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie
Don’t waste hundreds of dollars per month on fiat health insurance. Join me at CrowdHealth, a large community of Bitcoiners passionate about health who crowdfund each other’s care: www.crowdhealth.com/natalie
Connect with Bitcoiners and Bitcoin merchants wherever you live and travel on the Orange Pill App: https://shorturl.at/gvxS3