BTC146: Broken Money 2/2 w/ Lyn Alden (Bitcoin Podcast)

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

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 6 September 2023

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In the part two of a two-part discussion with Preston Pysh and Lyn Alden, they talk about the merging of a credit based money ledger system with a commodity backed money system into a single new technology, which is Bitcoin. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:22 - Why money has been at the crux of global conflict since time immemorial. 16:08 - Why can't a government entity just fire-up 20,000 nodes and try to fork the code? 33:41 - Lyn's thoughts on Gresham's law and Bitcoin. 41:23 - What would a bitcoin would look like with no unit abstraction? 47:13 - How do Taxes change in a bitcoin world? 49:04 - Does Bitcoin need smart contracting to compete with other protocols? 57:43 - Why couldn't Adam Back improve the Bitcoin code? 01:02:25 - The privacy trade-off is something that many want, what is Lyn's point of view? 01:06:02 - What is the fundamental trade-off between PoW and PoS? 01:06:02 - Lyn's discussion of volatile vs non-volatile computer memory when trying to understand PoS and PoW. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Lyn Alden’s book, Broken Money – Read reviews here. Listen to Part 1 of the discussion with Lyn Alden about Broken Money, or watch the video. Listen to our interview with Lyn Alden about How the Fed Went Broke, or watch the video. Tune into our interview with Lyn Alden about Macro and the energy market, or watch the video. Listen to our interview with Lyn Alden about Money, or watch the video. Tune into our interview with Lyn Alden about Gold and Commodities, or watch the video. Listen to our interview with Alex Gladstein about issues with fiat currencies, or watch the video. Lyn Alden's free website. Lyn Alden's premium newsletter. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Briggs & Riley American Express The Bitcoin Way Public Onramp USPS SimpleMining Sound Advisory Shopify AT&T BAM Capital 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

Click on a timestamp to play from that location

0:00.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast.
0:07.2	Today's show is part two of a two-part discussion with the incredibly talented macro-investor
0:12.7	Lynn Alden.
0:14.2	Lynn recently published a book titled Broken Money and if you haven't heard the first
0:17.8	part of the conversation, I would highly recommend you go back into your podcast app and
0:22.5	find the episode that precedes this one.
0:25.0	And if you've already listened to that first part, welcome back and we're getting ready
0:29.0	to talk about the merging of a credit-based money ledger system with a commodity-backed
0:34.6	money system into a single new technology which is Bitcoin.
0:39.2	During this conversation, we talk about many different technical trade-offs that Bitcoin
0:42.6	makes such as privacy versus auditability, scripting and smart contracting.
0:48.3	Why many people look at Bitcoin as old technology relative to many of the other crypto projects
0:53.1	and what they're missing with that point of view, along with many other important topics.
0:57.9	So with that, here's part two with Lynn Alden on our newly released book, Broken Money.
1:07.1	You're listening to Bitcoin Fundamentals by The Investors Podcast Network.
1:12.7	Now for your host Preston Pish.
1:17.9	Alright, so I'm back here with Lynn Alden talking about her brand new book, Broken Money.
1:32.1	For people that are just joining us and haven't listened to the first part, I highly,
1:37.0	highly recommend that you go back and listen to the first part with Lynn, Stig and myself.
1:42.5	Before we talk really about the first half of the book and the history and the technology
1:47.3	of money and how we've kind of come to this third phase, if you listen to the tail end
1:52.7	of the last conversation, Lynn talks about there being like basically three phases.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.