If these lives are encouraging people to act as if they don't need to produce before they consume,

you know, as if they don't need to pay back their debt, as if they basically, it's actually

touch with them this too, that essentially can just lie themselves and there are no consequences

because we've artificially deferred the consequences. When you feed that back into point number one,

that will influence how everybody else behaves

or the law of an unauthorized because culture is necessarily self-referential.

If you can get away with lying,

you deteriorate the collective ability of basically everybody else to stop people

and one by one, they'll all start lying instead. So that's Bitcoin fixes this. Horat.

Hey, everybody. Welcome to the What is Money Show.

I am thrilled to have you here joining me on my mission to help shine light on the

collection of money.

Now, if this is your first time listening to The What Is Money Show, I strongly recommend that

you go back to episodes one through nine first,

which lays a lot of the groundwork for many of the concepts that we explore on the show.

These first nine episodes are my series with Michael Saylor, and thousands of people have told me

that this is the best podcast series they've ever heard, hands down, and that it was instrumental to their understanding

of money and Bitcoin. So if you're looking to start a deep dive into the nature of money,

I don't think there's any place better that you can start other than episode one of this show.

Now, a little bit about this show and how it makes money. What Does Money Show is

100% sponsor based. So all of our revenues are derived from direct sponsorships. And I strive to

be very selective about the sponsors that I work with, specifically only using sponsors that I

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