Brett Scott

Brett Scott, author of "Cloud Money" and writer for the Altered States of Monetary Consciousness newsletter, discusses the dizzying ride of Bitcoin. He unpacks its evolution from an experimental currency to a powerhouse influenced by speculation and political narratives. The conversation critically addresses Bitcoin's speculative nature, its societal implications, and the contradictions between wealth concentration and economic alternatives. Scott also explores future possibilities, questioning whether the hype surrounding Bitcoin is sustainable in the long run.

Brett Scott, defender of physical cash, discusses the contradictions of libertarian money fantasies, how the monetary system works, and his recent writing on crypto titled Zero is the Future of Money. They explore engaging with right-wing thinkers, contradictions within the crypto world, and idealistic beliefs. The chapter also delves into the role of retail banks in money creation and economic activity, and the concept of counter trade in the crypto world.

Brett Scott, former banker, discusses the dangers of a cashless society. Topics include: consequences of a cashless society, layers of money, methods of money issuance, power of banks, impact of automation on finance industry, power of marketing, debate between cash and cashless systems, and the rhetoric and reality of crypto.