4.8 • 710 Ratings
🗓️ 23 May 2025
⏱️ 128 minutes
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0:00.0 | I might have stumbled into a possible potentially groundbreaking new hypothesis for why humanity out-competed other early humans, |
0:09.0 | why civilization developed, and it all comes back to scarcity which Bitcoin has now perfected. |
0:15.0 | You're almost making the case of money as a keystone to civilization itself, right? Perhaps even more so the natural language. |
0:22.6 | You can't really live in an existence beyond 150 people if you're pre-money. |
0:27.6 | But then if you have the concept of money, that ceiling is removed. |
0:30.6 | The theory was that Homo sapiens out-competed Neanderthals |
0:33.6 | because they adopted monotheism first. |
0:36.6 | Money is really the enabler that then makes it |
0:39.8 | possible for larger social groups to live together. And then in that context, having shared gods |
0:45.8 | starts to help with the cohesiveness. And that global optimum became gold, basically. Yes. |
0:52.1 | Now it's possible to have a scarcer good that's suitable as money. |
0:58.0 | Have we perfected scarcity in Bitcoin? |
1:00.0 | If we shift from an inflationary flywheel of everything getting worse. |
1:04.0 | Prices go up, quality go down. |
1:06.0 | Yep, and that's because we have an inflationary monetary standard. |
1:09.0 | And if you have a deflationary monetary standard, your money buys more over time. |
1:12.6 | And then those people see their lives getting better over time. |
1:16.0 | This is what we've been searching for once in a species, and it loosely goes through the development |
1:39.6 | of the human brain, economic scarcity, money, and the birth of Bitcoin. |
1:47.9 | I guess before we kind of start dissecting this thing, section by section, do you want to |
1:52.8 | give like just a high level description of what this piece is, why you wrote it, et cetera? |
1:57.9 | Yeah. |
... |
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