The "What is Money?" Show
The $1M Bitcoin Bet with Balaji Srinivasan and Alex Gladstein (WiM289)
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- Bitcoin's rise signals transition to new reserve currency, potential global reserve currency status.
- Social media informs about financial instability, Bitcoin as safe-haven asset during crises.
- Importance of transparency in financial stability, regulators' role in disclosing banks' insolvency.
Deep dives
Bitcoin as the Global Reserve Currency
Bitcoin is considered the only unfakeable signal in global markets, signaling shifts like hyperinflation. The concept is that Bitcoin's rise signifies a transition to a new reserve currency, potentially becoming the global reserve currency.
Role of Social Media and Bitcoin
Social media and Bitcoin play significant roles in spreading information and offering exit options. The episode discusses how social media informs individuals about financial instability and the potential for Bitcoin to serve as a safe haven asset during crises.
Banking Insolvency and Information Transparency
The episode delves into a scenario where banks are insolvent, but regulators fail to disclose this information to depositors. It highlights the discrepancy between bailouts and transparency, emphasizing the criticality of information disclosure in financial stability.
Implications of Monetary Policies
The discussion includes insights on the magnitude of quantitative easing, potential devaluation of currency, and the impact on financial institutions. There is anticipation of increased monetary actions, potential devaluations, and shifts in financial markets due to unfolding events.
Bitcoin Conference 2023
The podcast episode discusses the upcoming Bitcoin Conference 2023 scheduled for May 18th through 20th in Miami Beach. The event is highlighted as a major opportunity for networking within the Bitcoin community, featuring prominent speakers like Michael Saylor and offering exclusive discounted ticket opportunities and giveaways. The podcast emphasizes the event's significance as a central gathering for Bitcoin enthusiasts, professionals, and job seekers.
Importance of Bitcoin vs. Traditional Assets
The podcast delves into the advantages of Bitcoin over traditional assets in terms of security and control. It emphasizes the necessity of multi-key custody solutions in safeguarding Bitcoin investments and highlights the limitations of traditional assets like gold in modern economies. By advocating for Bitcoin as a more secure and portable alternative to traditional assets, the podcast underscores the potential for Bitcoin to serve as a long-term store of value amidst economic uncertainties and central bank policies.
In this episode, we discuss getting ready for the biggest fiat bubble, FED’s slow transition to CBDCs, Bitcoin as the world's reserve currency, and how the bankers lied, just as in 2008.
Balaji Srinivasan is an angel investor, tech founder, formerly the CTO of Coinbase, and author of The Network State.
Alex Gladstein is the Chief Strategy Officer at the Human Rights Foundation.
// GUESTS //
Balaji's Twitter: https://twitter.com/balajis
Alex Twitter: https://twitter.com/gladstein
// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/
Ledn: https://www.ledn.io/
CrowdHealth: https://www.joincrowdhealth.com/breedlove
Wasabi Wallet: https://wasabiwallet.io/
Join Me At Bitcoin 2023 in Miami (use discount code BREEDLOVE): https://b.tc/conference/
Casa (use discount code BREEDLOVE): https://keys.casa/
Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/
Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com
Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/
// OUTLINE //
00:00:00 - Coming up
00:01:00 - Intro
00:02:34 - Helping Lightning Startups with In Wolf's Clothing
00:03:21 - $1,000,000 Bitcoin Bet
00:05:17 - Fears Behind the Biggest Monetary Transition
00:08:45 - “Just as in 2008, the Bankers Lied”
00:18:31 - Why Everyone is a Bitcoin Maximalist
00:20:45 - Monetizing the Debt in the Messiest Way Possible
00:23:00 - FED’s Slow Transition to CBDCs
00:28:49 - Secure Your Bitcoin Stash with The iCoin Hardware Wallet
00:29:46 - Do More with Your Digital Assets with Ledn
00:30:30 - Operation Choke Point 2.0
00:33:01 - Preparing for the Global South Type of Recession
00:36:44 - How the U.S. 'Exports Inflation' Through Dollar
00:37:47 - Optimization Strategy for Screwing People Over
00:40:37 - The Difference Between the 2008 Crisis and Now
00:45:27 - Are We Approaching the Biggest Fiat Bubble?
00:49:51 - Getting Ready for the Crisis
00:51:53 - Take Control of Your Healthcare with CrowdHealth
00:52:55 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:53:30 - A Chance To Win Discounted Tickets to The Bitcoin 2023 Conference and 10M SATS
00:54:24 - Hold Bitcoin in the Most Secure Custody Model with Casa
00:55:13 - The Digital Pearl Harbour of all Dollar Holders
00:59:26 - What to Do in 2023
01:01:44 - Bitcoin as the Schelling Point
01:07:01 - Gold Seizure by Governments
01:13:28 - God, State, and Network
01:15:17 - Bitcoin Friendly Jurisdictions
01:17:24 - Actions Speak Louder Than Words
// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
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// WRITTEN WORK //
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