Hey, everybody, welcome back to the What Is Money Show.

I'm sitting down again today with the legend himself, Mr. Jason Lowry.

Jason, welcome back.

Hey, Robert. Thanks for having me back. Glad you're back, man.

Our conversation last time left my head spinning, so I'm looking forward to extending that.

So I think as we were talking offline, maybe it's useful to begin by just summarizing a little bit of what

we covered last time. I think bringing us up to kind of the history of war, and then we'll

go from there. Sure. Okay. So in our last conversation, we spent a lot of time talking about engineering, talking about evolution. So engineering is the art of figuring out what works. It's a very pragmatic discipline. We take the equations and stuff from the smart

minds and we use our hands to make use of it. In evolution, it's pretty much the same story.

Nature is constantly iterating. Nature is constantly trying to figure out what works,

and it either does work or it doesn't work. And if it works, you know it because it survives.

And if it doesn't work, you don't see it because it doesn't survive. And in my hypothesis, in my thesis, I think my goal is to just point out that if you observe nature, there's a very clear link between power projection and survival.

Animals which project power in the most clever way tend to control the resources more.

And you can also observe that property is only ours insofar as we can defend it as ours.

So ownership, this concept of ownership itself from a first principles,

physics slash engineering lens is essentially, are you capable of projecting power,

of transferring jewels over time to maintain your ownership of the thing.

And animals constantly establish pecking order,

they constantly have this power projection struggle over resources.

This protocol is what we could call a permissionless protocol, meaning when a lion needs resources,

he doesn't go ask for permission from the zebra to go eat the zebra.

Power projection is a permissionless control structure over resources. And when you watch

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