My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTLester's Twitter: https://twitter.com/ProgrammableTxBOOKThe Twilight of Gold: https://archive.org/details/twilightofgold190000paly/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Summarizing the Intricacies of the Gold Standard00:05:48 Interest Rate Manipulation and the “Race to Debase”00:09:53 Monetary Manipulation and the Inevitability of Balance of Trade Breakdowns00:15:11 The US Dollar Hegemony and the Evisceration of its Domestic Industrial Economy00:19:32 When Money is Sound, Economic Organization is Largely Apolitical00:22:53 The Inflexibility of the Gold Standard Gave Banks the Freedom to Operate Sustainably00:27:06 Is the Prevalence of Debt is Inverse to the Portability of Money?00:32:06 Commercial Debt as a “Tokenization” of the Delivery of Products and Services00:34:57 World War 1 as an Accelerant to the Politicization of Money00:40:16 NYDIG00:41:24 A Radical Shift in Schelling Points from a Gold to a Fiat Standard00:46:17 The Modern Specter of Both Inflation and Deflation…00:49:49 Exploring an Inflection Point from an Old to a New Monetary System00:56:00 How a Market for Borrowing Will Emerge on a Bitcoin Standard…01:02:07 The Advantage of a Liquid Money Market01:07:22 Saved Capital is a Narrower Limit on Production than Knowledge and Technology01:10:45 “What is Money?” OutroSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

Comedian and YouTube star JP Sears joins me for a freestyle conversation on the principle of freedom, how we must safeguard it, and why it is indispensable to life lived fully.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJP’s Twitter: https://twitter.com/AwakenWithJPJP’s Website: https://awakenwithjp.com/Zion Network: https://www.getzion.com/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Bringing Life, Liberty, and Property into the New Paradigm00:03:46 “A Jail You Don’t Know You’re In”: What is Mass Formation Psychosis?00:08:30 “Inflation is Legalized Counterfeiting; Counterfeiting is Criminalized Inflation”00:11:35 The Incentive Blindness Surrounding Fiat00:15:55 Are We the Victims to a Morally Camouflaged State?00:21:43 Kill the Jester, Kill the Truth00:28:35 Bypassing the Defenses of Our Opposition with Comedy00:33:31 Identifying and Breaking From the Trance in Our Lives00:38:12 The Twisting Morality of Our Institutions00:45:07 JP Recalls the Moment He Knew He Had to Safeguard Freedom00:48:55 NYDIG00:50:02 “There’s Plenty Worse Than Death”: Violation of Freedom, Submission to Control00:55:42 Those Who are Not Threatened by Death Will Appreciate Life01:00:01 Fear Enslaves Us to Control; Do Something That Provokes Fear01:11:18 Freedom Convoy Case and Decentralized Networks Like Zion01:20:00 JP’s Thoughts on Bitcoin From a Pyramid Scheme to Becoming “An Answer”01:21:40 Joe Rogan Case Study: How Zion Functions on Non-Censorship and Self-SovereigntySOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

Indonesian Bitcoin specialist and educator Dea Rezkitha joins me for an in-depth conversation into how money has shaped historic political and economic power structures in Indonesia. Dea also looks forward to how Bitcoin can provide people with self-agency and greater resilience.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTDea’s Twitter: https://twitter.com/dearezkithaDea’s Linktree: https://linktr.ee/dearezkithaDea’s Podcast: https://open.spotify.com/show/26NeuEmwYtb3iMnp2IFKyp?si=a34a81ad7a6342afKelas Bitcoin: https://kelasbitcoin.com/My Bitcoin Story: http://bit.ly/MyBitcoinStoryPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Kelas Bitcoin as an Indonesian-centric Resource for Bitcoin Newbies and Enthusiasts00:03:47 Dalio’s Framework of The Big Cycle: Rises and Declines of Big Empires00:09:47 Money as a Factor and Tool in the Changing World Order00:12:16 The History of Indonesia as a Trading Port00:17:37 How the Dutch Gained Control By Establishing VOC as the First Publicly Traded Company00:22:00 NYDIG00:23:08 How VOC as a Sovereign Power Built the Boats to Riches00:28:55 Exploitation Using Short-Term Incentives To Create More Plantation Workers00:33:32 “If You Can Control The Money, You Can Sculpt History”00:40:35 Indonesia Transitioning From a Dutch Colony to the Japanese Occupation00:51:40 Destabilizing the Indonesian Rupiah to Reclaim it as a Colony00:58:17 Economic Consequences of Indonesia Having To Pay a 4.9 Billion Dutch War Debt01:05:42 Constant Debasement of Rupiah Creates Hyperinflation of 500% in 196601:10:55 The State Grows while Money Associated with Capitalism Declines01:14:58 Foreign Investment Opens with Cascades of Corruption and Control01:19:53 “Life Finds a Way”: The Dynamic Nature of Markets During Booms and Busts01:24:48 1997-98 Mark Larger Economic Contractions, Civil Unrest, and Political Fallout01:28:54 Production vs. Consumption: Indonesia as a Microcosm of The Big Cycle01:34:34 Post-Asian Financial Crisis and the Next Changing Order Away From Fiat01:40:15 60% Unbanked in Indonesia: A Hole That Bitcoin Can Fill01:43:51 Bitcoin is Boring Money: Safe, Resistant, and Harder to Confiscate01:50:46 Indonesia is at a Crossroads Between CBDC and BitcoinSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTLester's Twitter: https://twitter.com/ProgrammableTxBOOKThe Twilight of Gold: https://archive.org/details/twilightofgold190000paly/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Peel’s Act: The Original Bitcoin, With a Few Exceptions…00:04:33 Satoshi’s Creation has Been Sought by Humanity for Centuries00:08:00 21M Bitcoin: Finally, Something Humanity Can Agree Upon00:09:25 Running a Full Node is Equivalent to Convertibility on the Gold Standard00:10:48 How Network Effects Propelled the Gold Standard00:14:53 International Trade Required Gold Deposits Within Each Country00:15:33 Bitcoin as the Ultimate Ulysses Contract00:18:17 A Bitcoin Full Node is Subversive to Commercial Banking00:20:20 “There’s One Economy in the World, and It’s the World Economy”00:22:07 The Three Flavors of the Gold Standard00:26:15 NYDIG00:27:23 The Balance of Trade and the Directionality of Gold Flows00:38:31 An Example of an Exporter Banking on a Gold Standard00:42:11 How Interest Rates Were Used to Manipulate Gold Flows00:45:56 The Beauty of an Idealized Gold Standard…00:49:54 The Titanic Trade Imbalance Accumulated Since 197100:51:37 An Unwitting Twisting of Incentives Across History…SOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

Jason Lowery from the US Space Force joins me for a multi-episode series exploring the first principles of physics, the ubiquity of organic power projection, and how Bitcoin changes the game.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJason's Twitter: https://twitter.com/JasonPLoweryPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 “Operational Effectiveness” vs. “Competitive Strategy” of Bitcoin Mining00:04:42 Competitive Strategy is Detected by What the Opponent is Not Doing00:08:59 The Point of Defense is to Increase the Energy Footprint of the Network00:11:34 Proof-of-Stake vs. Proof-of-Work00:16:11 In the Event of a 51% Attack on the Bitcoin Network…00:20:45 The Glaringly Obvious Problems with Proof-of-Stake…00:26:35 Bitcoin is a System that Turns Anyone’s Self-Interest into Everyone’s Self-Interest00:31:28 Good Engineering Involves Discovering and Respecting the Constraints of Nature00:35:56 How to Engineer a Good Monetary System00:39:55 The Inevitable Engineering Failure of Any Mass-Based Money00:44:09 “Nature, to be Commanded, Must be Obeyed”00:45:33 NYDIG00:46:41 Before Bitcoin, We Could Not Engineer a Money in Harmony with Human Nature00:49:40 Properly Framing the Security Properties of an Engineered System00:53:59 The Epistemological Model of Security Failures (What Gets Measured, Gets Done)00:58:55 Factoring in the Ethical, Moral, and Design Considerations of Engineered Systems01:02:23 The Strategic Significance of Bitcoin01:06:26 Bitcoin as a New Schelling Point in the Infinite Game of Power Projection01:09:44 The Immense Sacrifices Inherent to Establishing Control Structures over Property01:13:26 Bitcoin as Leading Contributor to the Future of Property Defense01:16:39 Adopt New Military Schelling Points Voluntarily, Otherwise They Will be Imposed01:18:10 The Dangers of Ignoring Disruptive Technology: Why the USG Should Buy Bitcoin01:23:00 Bitcoin as a Permanent Feature of the Competitive Terrain of the 21st CenturySOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

Mike Hill joins for me for a multi-episode exploration of the masterful book “Lila: An Inquiry Into Morals” written by best-selling author Robert Pirsig. This book may be one of the most undervalued ever written, as it proposes an alternative interpretation of reality that Pirsig calls “The Metaphysics of Quality” (MOQ). According to MOQ, reality is not made up of substance, but rather it is composed of distinct patterns of value. In a Copernican-like revolution of perspective, MOQ sheds new light on age-old debates such as moral relativism, the nature of subject-object duality, good vs. evil, science vs. religion, the importance of freedom, and the primacy of action.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTMike’s Website: https://www.mikehill.design/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Metaphysical Combat and Moralistic Camouflage00:06:31 Individuals as the Cells of Metaphysical Combatants00:10:35 Microbiology: The Scapegoat for Modern Global Tyranny00:16:40 The Adaptation of the Metaphysical Moral Parasite…00:19:00 Sun Tzu and Geopolitical Mergers and Acquisitions00:20:30 What Forces are at Work in the Battle Between Good and Evil?00:25:51 The Mythological Struggle Between Ego and Spirit00:28:14 The Parallel Between Film Directors and Serial Killers00:33:47 “It’s Better to be a Warrior in a Garden than a Gardener in a War”00:35:50 NYDIG00:33:23 The Search for the Source of Evil…00:40:08 Evil as the Cost of Creation00:45:50 Evil as “Working Backward”: Valuing Lower Level Layers Above Higher00:50:26 Eros, Filia, and Agape: The Three Types of Love Seen Through the MoQ Stack00:54:20 Those Pursuing the Highest Ideal Run the Risks of Great Personal Loss00:59:05 The Three Creative Principles: Freedom, Truth, and Love01:02:00 An MoQ Mapping of Archetypes, The Brain, and the Three Types of Love01:08:43 Money, Metaphysics, and MetaphorsSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

Theoretical Physicist Geoffrey West joins me for a multi-episode series exploring his excellent book "Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies." Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTGeoffrey's Book: https://www.amazon.com/dp/B010P7Z8J0/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1Geoffrey's Profile: https://www.santafe.edu/people/profile/geoffrey-westPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Language as a Technology and the Discovery of the Future00:07:22 The Human Imagination as Our Most Powerful Tool00:10:36 Innovating “Imagined Orders” and the Industrial Revolution00:15:15 The City as a Scaled Representation of the Human Brain?00:20:42 Where Does the Geometric Structure of Social Networks Come From?00:24:22 The Speculation Supporting Dunbar’s Number…00:29:02 Niche Construction and the Psychological Impact of Corrupt Money00:32:52 Principles of Physics Underlying the Geometry of Social Networks?00:38:03 Dynamic Network Tension Between Physical Possibility and Information Throughput00:40:36 NYDIG00:41:44 Impact of The Digital Age on Social Network Geometry00:44:10 Historical Telecommunication Revolutions00:47:54 A Historical Look at the Physical Possibility and Information Throughput of Money…00:51:03 Geoffrey’s Trouble Conceptualizing Money…00:54:42 Energy Expenditure is the Mechanism which Secured Gold’s Money Supply00:58:37 Free Exchange, Positive Feedback Loops, and Emergent Properties01:03:33 Social Networks are Bound by the Free Exchange of Information01:06:44 Emergent Properties as the “Whines and Squeals” of Amplified Positive Feedback Loops01:10:10 Positive Feedback Loops and the Amplification of IdeasSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

Theoretical Physicist Geoffrey West joins me for a multi-episode series exploring his excellent book "Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies." Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTGeoffrey's Book: https://www.amazon.com/dp/B010P7Z8J0/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1Geoffrey's Profile: https://www.santafe.edu/people/profile/geoffrey-westPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Geoffrey’s (Undisciplined) Approach to Writing…00:11:00 Physical Activity and Activating the Creative Juices00:14:58 Tools Geoffrey Uses in the Writing Process00:17:30 Geoffrey’s Approach to Reading…00:22:40 Just Write or Edit-as-You-Go?00:25:45 Cormac McCarthy’s Involvement with Geoffrey’s Written Work00:30:31 NYDIG00:31:39 The Scaling Characteristics Specific to Organic Growth00:37:53 “Social Metabolism”: The Super-Linear Scaling of Inorganic Growth00:42:37 Could Super-Linear Scaling have an Undiscovered Limiting Factor?00:44:12 A Possible End to Super-Linear Scaling: A Finite Time Singularity00:51:36 What is the Nature of Innovation with Paradigm Shifts?00:54:31 Sustainability as the Intelligent Exportation of Entropy00:58:18 Harnessing Fossil Fuels and the Attendant Shift to a Global Closed System01:01:52 Respecting the Role of Scientific Thinking in Socioeconomic System Design01:05:34 James Maxwell Advocating the Economic Value of Electromagnetism01:08:30 From Living on Energy Flows to Energy Stocks: The Transition to a Closed System01:16:56 My Story of Legislation Destroying the Residential Solar Power BusinessSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

Theoretical Physicist Geoffrey West joins me for a multi-episode series exploring his excellent book "Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies." Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTGeoffrey's Book: https://www.amazon.com/dp/B010P7Z8J0/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1Geoffrey's Profile: https://www.santafe.edu/people/profile/geoffrey-westPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Sub-Linear and Superlinear Scaling00:05:38 Positive Feedback Loops as Drivers of Super-Linear Scaling00:08:49 Transaction Costs Scaling Sub-Linear to Network Size and Bureaucracy00:13:18 What is the Fractal Architecture of Networks Optimizing For?00:17:43 Structural Integrity as the Limiting Factor on Network Size00:21:55 Hydrodynamics and Gravity as the Limiting Factors on Organism Size00:26:25 The Self-Regulation of Human Population Growth00:30:14 Biology is Replete with Self-Limiting Phenomenon: Is Economics?00:31:43 The Strength of Private Property Rights as Socioeconomic Structural Integrity?00:35:40 Taking a Physicist’s Perspective on Biology and Socioeconomics…00:41:47 The Super-Linear Scaling Laws of Cities00:44:11 The Super-Linear “Social Metabolic Rate” and Open-Ended Growth00:48:31 What is the Role of the Individual in Scaling Socioeconomic Systems?00:50:00 NYDIG00:51:08 All Human Rights are Derivatives of Property Rights00:56:10 The Inherent Instability of Human Consensus and Human Hierarchies01:00:24 The Pathologization of Human Hierarchies and Mass-Psychosis01:02:44 Bitcoin and the Exportation of Social Entropy01:07:45 In a World Where Property Rights Were Perfected…01:12:00 Liberalism Used to Mean Low to No Government…SOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

Theoretical Physicist Geoffrey West joins me for a multi-episode series exploring his excellent book "Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies." Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTGeoffrey's Book: https://www.amazon.com/dp/B010P7Z8J0/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1Geoffrey's Profile: https://www.santafe.edu/people/profile/geoffrey-westPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Where is the Line Dividing Living and Nonliving?00:05:40 Are there General Laws Governing Living Systems?00:09:56 The Opaque Logic of Complex Adaptive Systems00:12:22 Life as an Open System that Imports Energy and Exports Entropy00:17:20 Organic System Wear and Tear: Entropy and ATP00:21:21 Maxwell’s Demon, Uncertainty, and Entropy00:25:41 Understanding Thermodynamics: Open Systems vs. Closed Systems00:28:35 Entropy in the Shift from The Agricultural Age to the Industrial Age00:31:13 Astronomical Time as Compared with Social Time00:34:44 NYDIG00:35:52 Superlinear Scaling is Why Godzilla Isn’t Real…00:40:03 Universal Scaling Laws: Savings Percolating Beyond Biology00:44:37 On Average, All Organisms Have the Same Number of Heartbeats00:48:30 How Can it Be That All Life Obeys Universal Scaling Laws?00:53:00 The Fundamental Assumptions of Network Scaling Laws00:56:55 Fractals: The Geometry of Nature01:00:55 A Poetic Description of the Fractal Dimension…01:05:56 Using Laundry to Describe Dimensionality01:10:32 Spherical and Fractal Geometry in Regard to ExchangeSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack