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TFTC: A Bitcoin Podcast

#625: Leisure, Magnificence, and the Bitcoin Standard with Michael Goldstein

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 28 May 2025

⏱️ 103 minutes

🧾️ Download transcript

Summary

Marty sits down with Michael Goldstein to discuss the philosophy behind "hodling for good" - exploring how Bitcoin holders can use Austrian economics principles to think beyond mere price appreciation toward deploying their savings for higher purposes like leisure, education, capital goods, and magnificent works that benefit civilization while maintaining the economic virtue of low time preference saving.

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Transcript

Click on a timestamp to play from that location

0:00.0

You've had a dynamic where money has become freer than free.

0:10.0

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:16.0

So it's all acting like safe haven.

0:18.0

I believe that in a world where central bankers are tripping over themselves to devalue their

0:23.5

currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

0:29.2

I mean, that's part of the bold case for Bitcoin.

0:31.8

If you're not paying attention, you probably should be.

0:36.4

And we're live.

0:39.2

Just like that.

0:39.9

Just like that.

0:43.8

3.30 on a Friday, Memorial Day weekend.

0:47.6

It's a good, good way to end the week and start the holiday weekend.

0:48.3

Yes, sir.

0:49.2

Yes, sir.

0:50.4

Thank you for having me here.

0:51.3

Thank you for coming.

0:55.9

I wore this hat specifically because I think it's, I think it's very apropos to the conversation we're going to have, which is, I hope, an extension of the

1:04.5

presentation you gave at BitBlock Boom, Hoddle for Good. You were working on that for many weeks leading up to the conference and

1:14.8

explaining how you're structuring it. I think it's a very important topic to discuss now

1:20.2

as the Bitcoin price is hitting to all-time highs and people are trying to understand

1:25.3

what am I doing with Bitcoin?

1:28.5

You have the different sort of factions within Bitcoin, get on a Bitcoin standard, get on

...

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