4.8 • 710 Ratings
🗓️ 15 May 2023
⏱️ 66 minutes
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0:00.0 | there's a beautiful thing in Bitcoin that some of the most important developers in it have |
0:04.6 | no say over how users use this public good. And I do hope we move away from sort of just |
0:10.9 | bastardizing this Ethereum use cases onto Bitcoin. I hope we move away from that. But for now, |
0:18.1 | they pay the fee. They want to pay our miners and subsidize our security and put their economic activity |
0:24.0 | in the best money known to man. |
0:25.6 | I'm not going to stop them. |
0:27.1 | And not only that, I can't stop. |
0:30.1 | Yeah. |
0:30.6 | It's really the fundamental beauty of this whole thing is whatever Bitcoin is it's an open source |
0:36.8 | tool and how that tool is used is ultimately up to each |
0:42.6 | individual making use of it. And so what we get like the collective outcome of that is |
0:49.7 | Bitcoin is this consensus driven social construct. |
0:55.0 | Like who am I or who are you or who is anyone to say what it is or what it should be? |
1:01.0 | That's like rendering a value judgment onto someone else. |
1:05.0 | It's actually up to the users, right? |
1:07.0 | Individually. individually. Hey everybody. |
1:15.6 | Welcome to The What is Money Show. |
1:17.6 | I am thrilled to have you here joining me on my mission to help shine light on the |
1:22.6 | collection of money. |
1:23.6 | Now, if this is your first time listening to The What Is Money Show, I strongly recommend that you go back to episodes one through nine first, which lays a lot of the groundwork for many of the concepts that we explore on the show. |
1:36.5 | These first nine episodes are my series with Michael Saylor, and thousands of people have told me that this is the best podcast series they've ever heard, hands down, and that it was instrumental to their understanding of money and Bitcoin. |
1:50.3 | So if you're looking to start a deep dive into the nature of money, I don't think there's any place better that you can start other than episode one of this show. |
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