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What Bitcoin Did
THE BITCOIN REVOLUTION w/ Pierre Rochard & Michael Goldstein
Mar 26, 2025
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.
01:35:49
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Quick takeaways
- The Nakamoto Institute's relaunch aims to enhance Bitcoin education by clarifying its value and potential within the community.
- Austrian economics provides a simple yet profound framework that encourages understanding Bitcoin's significance as a sound monetary alternative.
Deep dives
The Intersection of Bitcoin and Federalism
Bitcoin aligns closely with principles of federalism and subsidiarity, emphasizing the importance of decentralization in governance. This framework allows different levels of authority to have more autonomy, helping to counteract potential tyranny from higher power structures. By distributing control and incentivizing participation at local levels, Bitcoin's adoption reinforces individual empowerment and resilience against overreach by centralized authorities. This perspective encourages a vision of governance where citizens actively participate in shaping their economic environment.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode