Commodity Money and the Speed of Settlements in the Telecommunication Era | 50sec snip from We Study Billionaires

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BTC146: Broken Money 2/2 w/ Lyn Alden (Bitcoin Podcast)

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Commodity Money and the Speed of Settlements in the Telecommunication Era

Money has been broken around the world for a long time due to the gap between transaction and settlement speeds created by the telecommunication era. However, this new ledger backed by energy offers saleable commodity money that settles instantly.

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In the part two of a two-part discussion with Preston Pysh and Lyn Alden, they talk about the merging of a credit based money ledger system with a commodity backed money system into a single new technology, which is Bitcoin.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:22 - Why money has been at the crux of global conflict since time immemorial.

16:08 - Why can't a government entity just fire-up 20,000 nodes and try to fork the code?

33:41 - Lyn's thoughts on Gresham's law and Bitcoin.

41:23 - What would a bitcoin would look like with no unit abstraction?

47:13 - How do Taxes change in a bitcoin world?

49:04 - Does Bitcoin need smart contracting to compete with other protocols?

57:43 - Why couldn't Adam Back improve the Bitcoin code?

01:02:25 - The privacy trade-off is something that many want, what is Lyn's point of view?

01:06:02 - What is the fundamental trade-off between PoW and PoS?

01:06:02 - Lyn's discussion of volatile vs non-volatile computer memory when trying to understand PoS and PoW.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Lyn Alden’s book, Broken Money – Read reviews here.
Listen to Part 1 of the discussion with Lyn Alden about Broken Money, or watch the video.
Listen to our interview with Lyn Alden about How the Fed Went Broke, or watch the video.
Tune into our interview with Lyn Alden about Macro and the energy market, or watch the video.
Listen to our interview with Lyn Alden about Money, or watch the video.
Tune into our interview with Lyn Alden about Gold and Commodities, or watch the video.
Listen to our interview with Alex Gladstein about issues with fiat currencies, or watch the video.
Lyn Alden's free website.
Lyn Alden's premium newsletter.

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