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We Study Billionaires - The Investor’s Podcast Network

BTC147: Fiat Ruins Everything w/ Bitcoin Developer Jimmy Song (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 13 September 2023

⏱️ 70 minutes

🧾️ Download transcript

Summary

Bitcoin core developer and author Jimmy Song recently published a new book titled Fiat Ruins Everything. In this episode, Preston Pysh and Jimmy highlight some interesting perspectives on how the money is not only changing the way businesses conduct themselves, but also how it’s impacting family values, culture, and relationships.


IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:59 - Why Jimmy doesn't need NFTs.

07:55 - How Alt-coins use Bitcoin to rent-seek.

12:04 - How fiat undermines work.

15:24 - How fiat ruins incentives for the individual.

46:39 - How fiat ruins incentives for the organization.

46:39 - How fiat has created the crazy VC environment.

57:14 - What is the Frankfurt School Conundrum?

01:01:52 - How fiat is impacting family values.

01:01:52 - How fiat is changing culture.


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.


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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

On today's show, I have back Bitcoin Core Developer and author Jimmy Song.

0:12.0

Jimmy recently published a new book titled Fiat Ruins Everything.

0:16.1

And as you'll see from this interview, he highlights some really interesting perspectives

0:20.0

on how the money is not only changing the way businesses conduct themselves, but he also

0:24.5

gets into how it's impacting family values, culture, and relationships.

0:29.7

This is a chat you won't want to miss, so with that, here's my interview with Jimmy.

0:34.5

You're listening to Bitcoin Fundamentals by The Investors Podcast Network.

0:43.2

Now for your host, Preston Pish.

0:47.4

Hey everyone, welcome to the show.

0:57.9

I'm here back with Jimmy Song again on the show.

1:01.8

We are so excited to have you back, Jimmy.

1:03.8

Thanks for having me again.

1:04.8

I think this is my third time being on the show, right, Preston?

1:08.0

Yes, sir.

1:09.0

It is.

1:10.0

And I had the privilege of hanging out with you last week in Texas.

1:16.0

You've got your new book.

1:17.0

I'm going to put it up here for people that are watching the video.

1:20.1

Yep.

1:21.1

Fiat Ruins Everything and it sure does, and we're going to get into that.

1:26.0

But before we get into it, there's something I want to start off with.

...

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