THE BITCOIN REVOLUTION w/ Pierre Rochard & Michael Goldstein

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Mar 26, 2025

Guest

Michael Goldstein

Guest

Pierre Rochard

Pierre Rochard, co-founder of the Nakamoto Institute, and Michael Goldstein, a key figure in Bitcoin and Austrian economics, dive deep into Bitcoin's role in shaping money and governance. They share insights on how Austrian economics illuminated Bitcoin's potential early on and argue for the importance of hoarding Bitcoin. The conversation also explores speculative attacks, Bitcoin's incentives, and the implications of states adopting Bitcoin for monetary power transformation. Their reflections on past skepticism and evolving perspectives add depth to the discussion.

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INSIGHT

Early Bitcoin Vision

Austrian economics and early internet exposure fostered a unique understanding of Bitcoin's potential.
This allowed individuals like Pierre Rochard and Michael Goldstein to foresee its impact.

ANECDOTE

Gold Through the Internet

Michael Goldstein initially misunderstood Bitcoin's scarcity, dismissing it as fiat.
Later, grasping its fixed supply, he became enthusiastic, likening it to internet gold.

ANECDOTE

Anarcho-Capitalism to Austrian Economics

Michael Goldstein's journey into Austrian economics began with a Wikipedia article on anarcho-capitalism during high school.
This led him to Mises.org and a deeper exploration of Austrian economic principles.

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