Bitcoin for Millennials

Mike Munz, a former IT professional turned Bitcoin educator and investor, discusses the financial risks of not owning Bitcoin. He explores Bitcoin's unique value as a savings tool compared to traditional investments and the shift in how people perceive financial risks. Munz underscores the importance of self-custody for securing Bitcoin and critiques traditional fiat systems, advocating for a deeper understanding of monetary inequality. He shares personal experiences that highlight Bitcoin's potential to transform financial mindsets and promote individual autonomy.

Vijay Selvam is a lawyer and the author of Principles of Bitcoin: Technology, Economics, Politics, and Philosophy, a comprehensive first-principles guide to understanding Bitcoin’s multidimensional impact and once‑in‑history discovery.› https://x.com/VijaySelvamXO› https://www.amazon.com/Principles-Bitcoin-Technology-Economics-Philosophy/dp/023122012X› ’Bitcoin is Time’ paper that is referenced: https://dergigi.com/2021/01/14/bitcoin-is-timePARTNERS🌳 Gain peace of mind with Onramp’s Multi-Institution Custody solution. Sign up with code BRAM to receive $150 in Bitcoin after your first deposit: https://onrampbitcoin.com/bram🟧 Gemini’s Bitcoin Credit Card: Earn instant bitcoin rewards on every purchase with no annual fee. Sign up today to earn a $200 intro Bitcoin bonus: https://gemini.com/bram🔐 Blockstream Jade Plus: The simplest and most secure hardware wallet on the planet - Get 10% off your entire order with code BRAM at https://store.blockstream.com🔨 Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code BRAM at https://stampseed.comPRODUCTS I ENDORSE› Get the The Bitaxe Gamma (open-source Bitcoin home miner) in US & UK with 10% using code BRAM: https://shop.powermining.io/?ref=BRAM› Buy Bitcoin in the EU 🇪🇺 via https://relai.me/bram and use code BRAM to reduce fees by 0.5%🔔 SUBSCRIBE TO GET NOTIFIED› YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠› Follow Bram on ⁠⁠https://x.com/bramk🕑 TIMESTAMPS00:00 - Introduction to Bitcoin and Its Principles03:06 - The Journey from Gold to Bitcoin03:31 - Understanding Bitcoin Through First Principles04:03 - The Rock of Centaurus: A Thought Experiment04:09 - The Map is the Territory: Bitcoin's Unique Nature10:36 - Bitcoin's Edge Over Traditional Assets13:26 - The Core of Digital Scarcity14:53 - Understanding Money and Its Properties20:32 - The Evolution of Money21:06 - The Impact of Inflation and Debt23:55 - Central Planning and Its Consequences29:32 - Bitcoin's Role in Sovereignty and State Power45:43 - The Cycle of Civilizations47:50 - Time Preference and Economic Behavior49:47 - Bitcoin as a Solution to Consumerism53:13 - The Impact of Money on Society53:54 - Bitcoin: A Once in History Invention01:00:45 - Bitcoin as a Mirror of Self-Reflectionℹ️ EPISODE SUMMARYBram Kanstein and Vijay Selvam unpack The Principles of Bitcoin — technology, economics, politics, and philosophy — through the eyes of an ex–Wall Street lawyer who lived the 2008 crisis from the inside.Vijay saw bailouts and moral hazard up close, turned to gold, and eventually realized Bitcoin’s absolute scarcity, decentralized consensus, and unstoppable design make it the once-in-history breakthrough the world needs. From the Rock of Centaurus thought experiment to proof-of-work, incentives, inflation, and sovereignty, this conversation cuts to Bitcoin’s core: why it can’t be shut down, and why everything else in society flows downstream from the quality of money. We cover:Why Wall St. insiders dismissed Bitcoin at firstScarcity, consensus, and proof-of-work explained simplyWhy incentives make Bitcoin unstoppableThe map vs. territory problem solved by BitcoinFiat inflation as hidden theftBitcoin as a nonviolent revolution against state controlHow sound money reshapes time preference, culture, and the future

Anil Patel, the author of The Bitcoin Handbook and an angel investor, shares his expertise on Bitcoin's transformative potential. He emphasizes the importance of understanding Bitcoin beyond finance, advocating for humility in learning. The discussion includes cutting-edge custody solutions and the shift from fiat to Bitcoin as a means to secure wealth amidst inflation. Anil also highlights Bitcoin's growing appeal for families and its role as a strategic asset in today's economy, challenging traditional perceptions of value and savings.

Jarrett Carpenter, a digital media expert and host of the Future Signal Podcast, dives into the transformative impact of owning Bitcoin, even in small amounts like 0.1 BTC. He discusses the appeal of Bitcoin as a revolutionary asset compared to traditional investments like real estate. Carpenter shares his personal journey of skepticism to acceptance and highlights how Bitcoin can secure financial futures for millennials. He also emphasizes the importance of financial literacy and the flexibility of renting while stacking Bitcoin as a wealth-building strategy.

Jos Lazet, co-founder and CEO of Blockrise, shares his journey with Bitcoin, starting at just 16. He discusses the philosophical underpinnings of Bitcoin, emphasizing its scarcity and potential for wealth transformation. Lazet dives into the complexities of building a regulated financial institution while preserving Bitcoin's core ideals. He also highlights innovative custody solutions and the advantages of a Bitcoin-centric banking approach. Their conversation touches on the future of Bitcoin within traditional finance and the importance of supporting developers.

Gary Cardone, a technology entrepreneur and Bitcoin advocate, shares his bold insights on the future of digital assets. He emphasizes the necessity of patience in investing, highlighting Bitcoin as a transformative asset. Cardone explores how adaptability in beliefs is crucial for seizing Bitcoin opportunities, and he contrasts traditional success with personal fulfillment. He also discusses the importance of secure storage for Bitcoin while revealing innovations in custody and rewards, encouraging listeners to rethink their investment strategies in light of Bitcoin's potential.

In this engaging discussion, Plan C, a dedicated Bitcoin analyst, shares his insights on Bitcoin's price behavior through advanced mathematical models. He explores the potential for Bitcoin to reach $1 million and discusses the predictive power of the Bitcoin Quantile model. The conversation touches on the importance of understanding market cycles, evolving investment strategies, and the emotional journey of crypto investing. Plan C also emphasizes innovative custody solutions and security tools for Bitcoin holders, enhancing both usability and safety.

A 21-year-old Bitcoin enthusiast shares his transformative journey into the world of cryptocurrency. He discusses how he integrated Bitcoin into his financial strategy while planning a wedding, highlighting its impact on financial independence. The conversation delves into misconceptions surrounding Bitcoin, emphasizing its role as a secure store of value. Listeners are encouraged to rethink their perspectives on money and explore the decentralized nature of Bitcoin as a solution for rising financial pressures. It's an inspiring take on digital currency for the younger generation.

Nico Moran, founder and host of Simply Bitcoin, dives deep into the evolving dynamics of Bitcoin's market cycles and the significant influence of institutional investors. He discusses the intriguing relationship between Bitcoin and macroeconomic trends, shedding light on how liquidity and interest rates shape market behavior. Listeners gain insights into Bitcoin's potential as a secure investment for millennials, the importance of self-custody, and the ethical implications of central banking. The conversation also emphasizes the need for diverse voices in the Bitcoin space, promoting greater understanding and education.

Brian Dixon, CEO of Off the Chain Capital, delves into the deep connections between Bitcoin and our societal beliefs. He discusses the philosophical awakening triggered by Bitcoin and its potential to redefine value and empower individuals. The conversation highlights how Bitcoin addresses key issues like the double spend problem and critiques traditional financial systems, emphasizing Bitcoin's role in wealth preservation. Dixon also stresses the importance of secure storage methods and ongoing education as we navigate the complexities of this digital currency revolution.