BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 31 May 2023

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Anil Patel talks about his new book, The Bitcoin Handbook. There are many different fields of study Bitcoin touches that it can be difficult for people to grasp all the complexity in harmonizing concepts that are happening on this protocol. In this interview, Anil went on an intellectual journey simplifying and stitching it all together. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:15 - What was Anil trying to accomplish with the book? 06:59 - Of all the mental models and paradoxes mentioned in the book, what does Anil find the most profound? 12:22 - What is Jevon's Paradox? 23:39 - Network Effects. 29:52 - Reflexivity and how it applies to Bitcoin. 32:56 - Why are the laws of Thermodynamics important? 38:25 - Gall's Law. 43:44 - What is the intransigent minority and why is it important 53:31 - What is something the Bitcoin community could do better? 57:50 - Anil's favorite books. 01:00:09 - Why is it hard to be a Bitcoiner? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Anil's Twitter. Anil's book, The Bitcoin Handbook. How Innovation Works by Matt Ridley. Energy and Civilization: A History by Vaclav Smil. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way Public American Express Onramp SimpleMining Fundrise Shopify USPS Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:03.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast.
0:07.7	On today's show, I have an extremely thoughtful and humble author, Aneel Patel, who talks
0:12.9	to us about his new book, The Bitcoin Handbook.
0:15.6	When we think about how many different fields of study Bitcoin touches, it can sometimes
0:19.2	be difficult for people to grasp all the complexity and harmonizing concepts that are happening
0:24.0	on this protocol.
0:25.6	As you'll see from this interview, Aneel went on an intellectual journey, simplifying
0:29.4	and stitching it all together, while also providing names and references to various mental
0:33.9	models and paradoxes that exist.
0:36.5	At the start of the interview, Aneel jokes that he wrote this book for himself because
0:40.3	he's not smart.
0:41.8	But as you'll see through the discussion, that couldn't be further from the truth as he
0:45.3	lays out such focused and clean first principles thinking, on really complicated ideas, and
0:51.2	makes them all accessible.
0:53.2	So without further delay, here's my interview with The Thoughtful Aneel Patel.
1:00.4	You're listening to Bitcoin Fundamentals by The Investors Podcast Network.
1:06.4	Now for your host, Preston Pish.
1:10.1	Hey everyone, welcome to the show.
1:21.0	Like I said in the introduction, I'm here with Aneel.
1:24.4	Aneel, you wrote this amazing book.
1:29.4	My first welcome to the show.
	...

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