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

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

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 13 September 2023

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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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. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Jimmy Song's new book, Fiat Ruins Everything. Jimmy's book, Programming Bitcoin: Learn How to Program Bitcoin from Scratch. Related Episode: Listen to BTC009: Bitcoin Engineering with Bitcoin Core Developer, Jimmy Song, or watch the video. Related Episode: Listen to BTC050: Bitcoin Policy, Fundamentals, & Impact w/ CJ Wilson & Jimmy Song, or watch the video. 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 Briggs & Riley American Express The Bitcoin Way Public Onramp USPS Simon & Schuster SimpleMining Vacasa Shopify AT&T iFlex Stretch Studios 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	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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