#171 – Anthony Pompliano: Bitcoin

13 snips

Mar 25, 2021

Join Anthony Pompliano, a leading voice in decentralized finance, as he dives into the world of Bitcoin and cryptocurrency. He shares insights on the evolution of money, tracing its journey from gold to Bitcoin, and discusses the significance of security and personal sovereignty in managing digital assets. The conversation touches on the cultural dynamics within the Bitcoin community, highlighting both the need for independent thinkers and the challenges of tribalism. Pompliano also explores investment strategies and the transformative potential of digital assets in today's economy.

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ANECDOTE

Joining the Army

Anthony Pompliano joined the Army at 17 after his football plans fell through.
He was working at Chick-fil-A and Quiznos and decided to explore another path.

ANECDOTE

Path to Deployment

Pat Tillman's story impacted Pompliano, showing that changing life paths is acceptable.
Pompliano, initially a reserve member, was deployed to Iraq as a junior in college.

ANECDOTE

Experiences in Iraq

In Iraq, Pompliano witnessed children with hate in their eyes, directed not at him personally, but at his uniform.
He experienced his first convoy being blown up by an IED, leading to the death of a fellow soldier.

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Bitcoin : Hard Money You Can't F*ck With

Jason A. Williams

This book provides a comprehensive overview of Bitcoin's potential to become the next global reserve currency. It explores the history of money, the technology behind Bitcoin, and its economic implications. Williams argues that Bitcoin offers a solution to the issues with fiat currencies, such as inflation and government control, by providing a decentralized and secure form of money.

Bitcoin and Black America

Isaiah Jackson

The Dao of Capital

Austrian Investing in a Distorted World

Mark Spitznagel

Ron Paul

In 'The Dao of Capital', Mark Spitznagel presents a unique investment methodology that blends Daoist principles with the Austrian School of economics. The book takes readers on a journey through various historical and geographical contexts, from the Chicago trading pits to ancient China and 19th-century Austria, to illustrate the roundabout approach of seeking intermediate positional advantages rather than direct gains. Spitznagel emphasizes the importance of understanding markets as a process and the need to see time differently, highlighting the counterintuitive nature of Austrian investing where one gains by losing and loses by gaining. The foreword by Ron Paul adds additional insights into the application of Austrian economics in investment strategies.

Layered Money

Nick Batia

Rich Dad Poor Dad

What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not

C.P.A. Sharon L. Lechter

Robert Kiyosaki

The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].

When Breath Becomes Air

E. Z. - Reader

In this profoundly moving memoir, Paul Kalanithi chronicles his transformation from a medical student to a neurosurgeon at Stanford, and finally to a patient confronting his own mortality. Diagnosed with stage IV lung cancer at 36, Kalanithi grapples with fundamental philosophical questions about what makes a life worth living in the face of death. The book is a reflection on the challenge of facing death and the relationship between doctor and patient, written with eloquence and intelligence. Kalanithi's writing delves into his lifelong love of literature and his attempt to connect the sciences and humanities to gain a greater understanding of humanity.

Principles

Ray Dalio

In 'Principles: Life and Work', Ray Dalio shares the principles he has developed over his career that have helped him achieve success. The book is divided into three sections: the first section explains how Dalio's principles were formed from his personal and professional experiences; the second section outlines life principles, such as embracing reality, being radically open-minded, and understanding the importance of pain and reflection in personal growth; and the third section focuses on work principles, including the use of radical truth and radical transparency to transform an organization. Dalio advocates for systematizing decision-making into algorithms, learning from failures, and building a culture where it is okay to make mistakes but unacceptable not to learn from them.

Think and Grow Rich

Napoleon Hill

Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre. The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford. Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality. These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind. The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success. It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.

The Richest Man in Babylon

George Clason

This book, written by George S. Clason, uses a series of parables to convey fundamental principles of personal finance and wealth accumulation. Published in 1926, it remains highly relevant today, offering practical advice on saving, investing, budgeting, and financial discipline. The parables are engaging and easy to understand, making complex financial concepts accessible to readers of all backgrounds. Key principles include paying yourself first, living within your means, and making money work for you through wise investments. Despite its historical setting, the book's core lessons are adaptable to modern financial practices and have had a profound impact on countless readers worldwide.

The bitcoin standard

Saifedean Ammous

The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. The book takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems to modern government debt. It explains the operation of Bitcoin as a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, allowing users to perform traditional monetary functions without relying on authorities or physical infrastructure. The book also explores common questions surrounding Bitcoin and its potential as a store of value and a network for final settlement of large payments, challenging government monopolies and offering a vision of money extricated from politics and borders.

The Price of Tomorrow

Why Deflation is the Key to an Abundant Future

Jeff Booth

In 'The Price of Tomorrow,' Jeff Booth argues that technological progress is driving a natural deflationary force in the economy, which is being countered by government and central bank interventions through money printing and debt creation. Booth contends that our current economic systems, built on debt and inflation, are unsustainable and will lead to increased polarization and economic trouble if not adjusted. He advocates for embracing deflation and restructuring our economic frameworks to harness the abundance that technology can bring. The book covers a broad range of topics including the impact of technology on job markets, equality, and societal stability, and it concludes with a call to action for policymakers, business leaders, and entrepreneurs to adapt to these new economic realities.