Free Cities Podcast
089 - Allen Farrington: Venice, Sovereign Individuals & The Bitcoin Renaissance
Aug 2, 2024
In a thought-provoking discussion, Allen Farrington, co-author of 'Bitcoin is Venice,' shares insights on the transformative power of Bitcoin. He explores historical comparisons between Bitcoin and the governance of Venice, emphasizing how sound money can foster stability. Allen critiques the fiat system, advocating for a transition to Bitcoin while delving into the sovereign individual thesis. He highlights the implications of this shift in today's economic landscape and the potential for individual sovereignty amidst changing governance models.
01:41:42
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Quick takeaways
- Bitcoin's decentralized properties and strong property rights echo the historical success of Venice, offering lessons for modern governance.
- The cultural values of trade and collaboration in Venice showcase the importance of positive-sum thinking for sustainable economic growth.
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The Connection Between Bitcoin and Venice
The discussion highlights the connection between Bitcoin and the historical success of Venice as a sovereign state. Alan Farrington, the co-author of 'Bitcoin is Venice', argues that the properties that made Venice exceptional, such as its decentralized nature and strong property rights, mirror the benefits offered by Bitcoin. The financial mechanisms and governance model of Venice, which evolved over centuries to maintain stability and prosperity, serve as a metaphor for how Bitcoin could revolutionize contemporary economic systems. Both embody principles that promote security and resistance against authoritarian control.
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