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The "What is Money?" Show

The $100,000 Bitcoin Bet with Adam Back (WiM371)

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

🗓️ 27 September 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

Adam Back joins me to discuss the next Bitcoin halving, the utilization of untapped power, the aesthetic value of Bitcoin, and the probability of another Blocksize War.

Transcript

Click on a timestamp to play from that location

0:00.0

Yeah, I mean, I think another analogy I liked was that it's kind of like the pyramids of Egypt.

0:08.0

So we look at them and you think that, wow, that's an enormous construction engineering project,

0:13.6

given the technology they had at the time.

0:15.3

You know, it's like 100 years to build one of these things, right?

0:17.5

And they've got a lot of them.

0:18.9

And so Bitcoin is a kind of digital,

0:20.9

modern-day version of this, which is we're making this single pyramid, and it's huge, and

0:26.9

we keep building on top, so it's getting bigger and stuff that's buried at the bottom is not

0:31.1

getting out of there. Right, right, right. And so it does have this kind of awe-inspiring

0:37.0

digital phenomenon that it's the biggest competition

0:39.9

ever done yeah and it just keeps getting bigger and the competition is growing faster yeah yeah

0:47.3

yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah Hey, everybody, welcome to The What Is Money Show.

0:58.0

I am thrilled to have you here joining me on my mission to help shine light on the collection of money.

1:04.0

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

1:13.7

the groundwork for many of the concepts that we explore on the show. These first nine episodes are my

1:18.4

series with Michael Saylor, and thousands of people have told me that this is the best podcast series

1:24.0

they've ever heard, hands down, and that it was instrumental to their understanding

1:28.7

of money and Bitcoin.

1:30.5

So if you're looking to start a deep dive into the nature of money, I don't think there's

1:35.6

any place better that you can start other than episode one of this show.

1:40.3

Now, a little bit about this show and how it makes money.

1:43.3

What Does Money Show is 100% sponsor based.

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