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The "What is Money?" Show

Money: The Most Beautiful Lie? with Santiago Velez (WiM090)

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

🗓️ 11 December 2021

⏱️ 120 minutes

🧾️ Download transcript

Summary

Santiago Velez joins me for a fascinating dialogue on the nature, philosophy, and physics of money, markets, and human action.

Transcript

Click on a timestamp to play from that location

0:00.0

Okay, hey everyone.

0:09.8

Welcome back to the What Is Money Show.

0:12.7

I'm sitting down today with Mr.

0:14.9

Santiago Veles, who is the co-founder of Block Digital.

0:25.0

And this has been a long time coming.

0:27.5

So I appreciate you coming on the show today.

0:35.8

Robert, as I told you off camera, you're one of my idols, a big shaper of my thought process.

0:37.6

So I'm like super excited to be here.

0:38.3

Thanks.

0:40.0

I'm honored to have you here as well.

0:41.7

And thank you so much for that.

0:46.7

So let's just jump in the deep end.

0:53.0

What is money to you, Santiago?

0:58.4

Like the most convenient and beautiful lie we could ever tell each other.

1:00.0

That's how I would phrase it.

1:07.6

Money, I think, is just a super interesting social contract.

1:13.2

It's like an abstraction that just facilitates so many things for us,

1:20.2

makes life efficient. And it does mean purchasing power, which is kind of one of the things that I've taken from so many of your talks. And I think it's a huge responsibility for who the caretaker of that, of money is in a society.

1:33.3

And I think that it's one of the things that's been abused in that role.

1:41.3

So to me, listening to a lot of your interviews, what's become apparent is how

1:49.7

desperate we are in need of a better lie, if you will, a better abstraction to a more

1:56.7

responsible one and one that creates more opportunity. So that's money for me. And honestly, I

...

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