Final Settlement E002: Energy-Backed Money with Max Webster

Final Settlement: a biweekly podcast presented by Onramp which explores the breadth and depth of the Bitcoin thesis, focusing on the underlying mechanics of the protocol, its ongoing development, and real-world applications of the technology. Hosted by Brian Cubellis (Head of Strategy & Research at Onramp) and Michael Tanguma (Co-founder & CEO of Onramp), Final Settlement aims to go beyond the conventional view of Bitcoin as merely a financial asset, or “digital gold." Discover how this groundbreaking technology has the potential to benefit society through rearchitecting how value is stored and transferred. A resource for institutional investors and bitcoin enthusiasts alike, our discussions aim to enhance your understanding and conviction in Bitcoin's broader utility – tune in to grasp the full scope of bitcoin's transformative power in the digital age.

0:00 - Introduction to Max 5:30 - Bitcoin as energy-backed money 17:58 - Other forms of commodity money 20:23 - Free markets for electricity 23:03 - Opportunity costs & bitcoin as a tether to reality 28:13 - Building layers atop bitcoin 31:33 - Market-ranking systems 36:38 - A message from Onramp 36:54 - The Bitcoin Ouroboros: rebuilding internet infrastructure 42:53 - Applying altcoin ideas to bitcoin 47:25 - Next wave of bitcoin applications 50:43 - Investing in bitcoin startups 56:13 - The state of Lightning & balancing development 1:02:55 - Fund structure & philosophy 1:08:45 - Diversity of custodial solutions 1:12:07 - Limited downside & uncapped upside 1:17:53 - Wrapping up Schedule time with the link below if you would ever like to learn more about Onramp and please sign up for Research & Insights to get access to the best content in the ecosystem weekly:

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