Gradually then Suddenly Pt 2 - Bitcoin First Principles with Parker Lewis - WBD370

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 9 July 2021

⏱️ 102 minutes

🔗️ Recording | iTunes | RSS

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Summary

Location: Remotely
Date: Tuesday 6th June
Company: Unchained Capital
Role: Head of Business Development

When people attempt to understand bitcoin, it is easy to get caught up in some of the myths we addressed in Gradually then Suddenly Pt 1 - Killing the FUD. In this Part 2 episode, we go deeper into the principles of monetary economics.

Money solves the intersubjective problem of trade and facilitates specialisation in society. Therefore, how we solve these problems can help objectively evaluate the properties of money.

The most important property of money is scarcity, and bitcoin, with its fixed supply and monetary properties, reigns king. But from where do these properties derive? And what about other blockchains? How can bitcoin obsolete all other money?

In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss the principles of money, monetary convergence, and why Bitcoin obsoletes all other money.

Transcript

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0:00.0	The underpinnings of the dollar are identical to the underpinnings of the boulevard.
0:08.0	Costs zero to produce three trillion boulevars, it costs zero to produce three trillion dollars.
0:14.5	Goods are becoming more expensive because the underlying monetary unit is being
0:20.0	debased.
0:21.0	Hello there from Bedford in the United Kingdom, the home of football and
0:25.5	Bitcoin.
0:26.5	How are you all?
0:27.5	Now listen, as some of you know, I have been suffering with some back issues recently, but
0:30.7	next week I'm having surgery and I'm going to be fighting fit soon.
0:35.2	This does mean though that next week I'm going to be offline for most of the week in the surgery
0:39.7	but also recovering.
0:40.9	But one I'm out of action the team behind what
0:43.2	Bitcoin did Danny and Ben have got this all in hand we've got our
0:46.6	show as planned anyway welcome to the what bit coined in
0:49.7	podcast which is brought to you by Gemini the only place I'm using for buying Bitcoin.
0:54.0	On today's show we've got Parker Lewis back to continue our Gradually-Then Suddenly series
0:59.0	based on his writings and today we're looking at the first of principles of money.
1:03.0	But before that I do have a message from my amazing show sponsors
1:07.0	and today we're kicking off with Exodus Wallet
1:09.0	who I will be using as my mobile and desktop wallet for my Bitcoin.
1:13.2	Now as regular listeners know, I'm always going on about UX.
1:16.2	I think the UX is super important for new people coming into Bitcoin,
	...

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