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The "What is Money?" Show

Bitcoin: The Portal Between the Digital and Physical Worlds - SoftWar Explained Part 2 (WiM554)

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8710 Ratings

🗓️ 14 February 2025

⏱️ 161 minutes

🧾️ Download transcript

Summary

Lucas and Grant of “Bitcoin Study Sessions” join me to explore the similarities between Bitcoin and black holes, why Bitcoin is digital 1776, the domestication of animals and humans, the magic of Bitcoin’s difficulty adjustment, the importance of path dependence, and how Bitcoin is a bidirectional portal linking the real and virtual worlds. Lucas and Grant of “Bitcoin Study Sessions” research and teach about canonical Bitcoin literature like Jason Lowery’s “SoftWar” and “Broken Money” by Lyn Alden.

Transcript

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0:00.0

The nation state as the dominant and defining institution of our time may be on its way out with the emergence of Bitcoin.

0:07.0

If a government can print its own money, why do we have taxes?

0:10.5

You've got to keep them right there where you've sucked just enough blood out of that body that they can't rise.

0:15.3

Don't want the parasite to kill the hosts, right?

0:18.2

Government is like domesticating humans in a way, right?

0:23.1

People become docile, become complacent.

0:26.0

It's a hard thing to hear because we don't want to think of ourselves as animals.

0:29.2

If you're caught in the consensual dream that is cyberspace, how do you pinch yourself?

0:33.9

What is the Second Amendment you have in the cyberspacial realm?

0:42.3

If you want to fire an ad off my way, you've got to zap me some sats. When you make it costly for people to do things, they change how they act.

0:47.3

One thing that I would hope people would learn is that they are highly programmable.

0:53.3

If you don't take that seriously,

0:55.6

then you're gonna get programmed by someone else.

0:58.6

This is the first live money we've ever had.

1:00.8

Live money continues to live by adapting to its environment.

1:05.4

Every money that we've had previously has been matter.

1:08.9

Matter is energy in a potential state. It is dead money.

1:12.6

Dead money kills live money gives life.

1:20.6

Towards the end of our conversation yesterday, we were talking about,

1:28.4

talking about Lowry's book still,

1:30.1

Soft War, which holding here in my hands.

1:32.4

And then towards the end of the book,

...

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