Ken Sim, the Mayor of Vancouver since 2022, is an accomplished entrepreneur who co-founded the successes Rosemary Rocksalt and Nurse Next Door. He explores the possibility of making Vancouver a Bitcoin-friendly city, discussing its potential to tackle housing affordability and introducing a strategic reserve. Sim shares his journey from Bitcoin skepticism to advocacy, emphasizing its economic benefits. He argues for community engagement in adopting Bitcoin, highlighting its environmental advantages and transformative potential for local economies.
33:41
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
question_answer ANECDOTE
Ken Sim's Background
Ken Sim, son of immigrants, faced housing instability during childhood, attending five schools in seven years.
Despite early struggles, he succeeded in business and now serves as Vancouver's mayor.
question_answer ANECDOTE
Ken Sim's Bitcoin Journey
Ken Sim's interest in Bitcoin stemmed from his children's lack of future prospects in Vancouver and Jeff Booth's influence.
He initially resisted Bitcoin but later became an advocate after researching and attending conferences.
question_answer ANECDOTE
Initial Bitcoin Skepticism
Ken Sim initially dismissed his son's interest in Bitcoin, threatening jokingly.
Curiosity led him to explore the topic further, ultimately changing his perspective.
Get the Snipd Podcast app to discover more snips from this episode
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.
The Sovereign Individual
Mastering the Transition to the Information Age
James Dale Davidson
William Rees-Mogg
The book explores the greatest economic and political transition in centuries, predicting the shift from an industrial to an information-based society. Davidson and Rees-Mogg argue that this transition will liberate individuals, alter the power of government, and lead to the rise of digital currency and cyberspace. They foresee a future where individuals will be freed from government oppression and prejudice, and where states will struggle to collect taxes due to the ease of transferring assets electronically. The authors also discuss the potential for prosperity and renewal in the face of radical changes in human history as we move into the new millennium[1][2][4].
When Money Dies
Adam Fergusson
Truth Machine
Ruth McNally
Michael Lynch
Kathleen Jordan
Simon A. Cole
In this episode with Vancouver Mayor Ken Sim, we discuss:
Will Vancouver become a Bitcoin city and adopt a strategic reserve?
Ken's Bitcoin journey involving Jeff Booth
Home affordability for young people
Will Canada be pro-Bitcoin?
Why everyone should take Bitcoin seriously
----
Bio: Ken Sim has been Vancouver's mayor since 2022. He is an accomplished entrepreneur and the co-founder of two successful companies: Rosemary Rocksalt and Nurse Next Door. Ken holds an FCPA designation, and is a two-time recipient of the Ernst and Young Entrepreneur of the Year Award (Pacific Region) in the Emerging Entrepreneur category (2006) and Healthcare Services category (2016). Follow Ken on X https://x.com/KenSimCity
----
Coin Stories is powered by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com.
----
Natalie’s Promotional Links:
Secure your Bitcoin with collaborative custody and set up your inheritance plan with Casa: https://www.casa.io/natalie
For easy, low-cost, instant Bitcoin payments, I use Speed Lightning Wallet. Get 5000 sats when you download using this link and promo code COINSTORIES10: https://www.speed.app/sweepstakes-promocode/
River is where I DCA weekly and buy Bitcoin with the lowest fees in the industry: partner.river.com/natalie
Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America’s most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie
Coin Stories 
