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The "What is Money?" Show

Saving the Planet through Bitcoin with Mags Gronowska (WiM296)

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

🗓️ 5 April 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Mags Gronowska joins me to discuss the Ponzi scheme of the Quadriga exchange, the significance of Bitcoin network regulation, the technology of waste tire management, how Bitcoin contributes to infrastructure development, and global Bitcoin adoption.

Transcript

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0:00.0

What is it called?

0:00.6

It's Varunga National Park in the Congo.

0:03.8

They are, they have gorillas in this park.

0:06.7

And traditionally, you know, they've been funded by tourism because only 1% of the government

0:10.9

spending went to conservation and the park.

0:13.9

And they started Bitcoin mining about 2018, 19.

0:17.4

And because COVID came in, they would have been wiped out because there's no money coming in.

0:22.5

But instead, this mining operation has built out public infrastructure of energy.

0:26.7

It's built out roads, pumping stations for water.

0:29.2

It's also enabled, you know, economic development in that area because now you have power.

0:34.1

You can set up a textile mill and employ people that would normally go be in the militia or, you know, something that is dangerous and, you know, not good for society. And so, you know, they're providing this like local economic development that, again, isn't government coming in or like the UN coming in or IMF or the World Bank. Like this is an alternative and I'm sure you've

0:55.0

interviewed Alex Gladstein and he talks about you know the IMF and the World Bank and the progressive

1:00.0

policies that have financial repression of the poor. Exactly. And so this is this other option.

1:04.6

It's so optimistic and that's why I'm excited because I've worked in the government and it hasn't

1:10.6

worked and like it's happening and it's happening in places like Africa that really need it.

1:19.6

Hey everybody. Welcome to the What is Money Show. I am thrilled to have you here joining me on my mission to help shine light on the collection of money. 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.

1:44.8

These first nine episodes are my series with Michael Saylor,

1:48.2

and thousands of people have told me that this is the best podcast series they've ever heard, hands down,

1:54.8

and that it was instrumental to their understanding of money and Bitcoin.

1:58.6

So if you're looking to start a deep dive into the nature of money,

2:03.2

I don't think there's any place better that you can start other than episode one of this show.

2:08.4

Now, a little bit about this show and how it makes money. What Does Money Show is 100% sponsor-based.

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