The Number Zero and Bitcoin | Episode 2 | (WiM304)

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8 • 710 Ratings

🗓️ 24 April 2023

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many believe that Bitcoin is “just one of thousands of cryptoassets”—this is true in the same way that the number zero is just one of an infinite series of numbers. In reality, Bitcoin is special, and so is zero: each is an invention which led to a discovery that fundamentally reshaped its overarching system—for Bitcoin, that system is money, and for zero, it is mathematics. Since money and math are mankind’s two universal languages, both Bitcoin and zero are critical constructs for civilization. In this series, we explore Breedlove’s written work: “The Number Zero and Bitcoin.”

Transcript

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0:00.0	Bitcoin today is emerging in a world dominated, controlled, owned by, whatever you
0:08.2	want to call it central banks. And these institutions have extremely great degrees of power
0:18.8	and authority in the world, right? Literally, you have the monopoly on money.
0:23.7	Money is the asset that motivates most human action. And so you have this tremendous power to
0:32.0	move people in the world just by monopolizing the currency. But I don't think even that power is going to be sufficient to stop Bitcoin.
0:46.1	Even like when the medieval church had similar degrees of power,
0:50.6	it was unable to stop the emergence of zero because
0:54.5	individuals
0:55.8	benefit from
0:58.1	using a zero-based numeral system
1:00.0	just like they'd benefit from using a zero.
1:02.5	So there's
1:04.2	this idea as
1:05.8	this is an old quote by Victor Hugo
1:08.0	he said that quote
1:10.2	there's nothing more powerful than an idea whose time has come unquote
1:13.9	that even though there might be entrenched institutions or power interest arrayed against a certain
1:22.5	idea there might be strong ideological resistance as a result
1:27.5	either an ideology that is
1:30.7	supported by those institutions or perhaps woven into the fabric of them
1:35.3	that you can't fight the tide of economics
1:39.7	that it's just
	...

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