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BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast)

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May 1, 2024

Max Hillebrand, a talented Bitcoin contributor, dives into the complex landscape of Bitcoin's evolution and its privacy challenges. He discusses the principles of Mises and Hoppe, emphasizing the importance of private property. The conversation highlights innovative solutions like Wasabi Wallet for enhancing Bitcoin privacy and explores the potential of Ocean mining. Max shares strategies for individuals to safeguard their financial sovereignty amidst regulatory pressures while delving into the future of Bitcoin's technological advancements.

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INSIGHT

Early Interest in Economics

Max Hillebrand's interest in economics stemmed from a childhood curiosity about business and making money.
He found Austrian economics to be the most logical explanation of economic function.

INSIGHT

Mises' Axiom of Action

Mises' axiom of action posits that humans act to alleviate uneasiness by allocating scarce resources.
This explains individual actions and economic interactions, including money and production.

INSIGHT

Hoppe's Argumentation Axiom

Hoppe's axiom of argumentation builds upon the action axiom, suggesting humans argue to find truth.
This allows for deducing objective morality and justification for private property.

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The Ethics of Money Production

Guido Hülsmann

This book explores the ethics and economics of money production from ancient times to the present. Hülsmann argues that the government monopoly on money production has no ethical or economic justification and advocates for private money production. He disputes centuries of assumptions about money management by governments and central banks, suggesting that money should be treated as a privately produced good like other commodities. The book also examines historical and theoretical perspectives, including the works of 14th-century Bishop Nicole Oresme, to make a strong case for the privatization of money production and the separation of money from state control.

Economic Science and the Austrian Method

Llewellyn Rockwell

Hans-Hermann Hoppe

Man, Economy, and State with Power and Market

Murray Rothbard

Man, Economy, and State with Power and Market is a seminal work by Murray N. Rothbard that presents a thorough exposition of Austrian economic theory. It covers topics from basic economic principles to complex issues like business cycle theory and monopoly. Power and Market, originally intended as part of Man, Economy, and State, analyzes the effects of government intervention in the economy, arguing against taxation, regulation, and socialism. The combined work offers a rigorous defense of the market economy and critiques various forms of government interference.

Theory and history

Ludwig von Mises

In 'Theory and History', Ludwig von Mises critiques several philosophical and economic theories, such as Marxism and historicism, while developing his concept of thymology—a historical branch of the sciences of human action. The book provides a comprehensive analysis of methodological dualism and defends the epistemological status of economic propositions. It is considered a continuation of Mises's earlier work, 'Human Action', and offers insights into the philosophy of history and social science.

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Cryptoeconomics: Fundamental Principles of Bitcoin delves into the economic and security principles underlying Bitcoin, providing a rigorous and comprehensive understanding of its unique features. The book integrates insights from economics, technology, and security to offer a holistic perspective on Bitcoin's value proposition and behavior. It is particularly valuable for those already familiar with Bitcoin who seek a deeper understanding of its economic and game theory aspects.