Why Bitcoin’s Design Fixes Money with Nicholas Bowick - WBD798
Mr Obnoxious
Peter McCormack
4.8 • 2.7K Ratings
🗓️ 10 April 2024
⏱️ 99 minutes
🧾️ Download transcript
Summary
Nicholas Bowick is a systems engineer in the aerospace industry. In this interview, we discuss emergent behaviors in complex systems, positive and negative feedback loops and chaos vs systemic antifragility.
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Show notes: https://www.whatbitcoindid.com/podcast/why-bitcoins-design-fixes-money
This episode’s sponsors:
IREN - Bitcoin Mining. Done Sustainably.
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Transcript
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| 0:00.0 | People get conspiratorial about this. You know they observe I'm getting |
| 0:06.4 | fucked by the system like everywhere I turn I think the far scarier reality is |
| 0:11.2 | there's just no one in charge at that level. We have absolutely |
| 0:14.8 | not designed this thing as highest level of operation. |
| 0:17.8 | Hello hello hello how are you all doing? Right it's manic manic here. Your boy, Danny's in Bedford. We're very excited. Everything |
| 0:26.4 | kicks off tomorrow for cheat code. We've got our VIP dinner and VIP party and then we've |
| 0:32.0 | got the conference on Friday and then we're taking everyone |
| 0:35.1 | see Ralph Bevin on Saturday and there is a chance we will win the league this weekend. |
| 0:40.4 | So it's all very exciting. |
| 0:42.0 | Hopefully you're going to see a bunch of you here. We do have a very small amount of tickets left. You want to get one. Please do just head over to cheat code. UK. Anyway, welcome to the What Bitcoin did podcast, which is brought to you by the |
| 0:54.0 | massive legends of iron, formerly known as iris energy. |
| 0:57.0 | Iron is using their next generation data centers to power the future of |
| 1:00.5 | Bitcoin mining and AI using 100% renewable energy. |
| 1:04.3 | Iron remains the same business, has the same goals just now with a different name. |
| 1:08.8 | I'm your host, Peter McCormack, and today we have someone you won't have met before, heard of before on the |
| 1:14.2 | podcast. This is Nicholas Balak. Now every now and again we get an email from |
| 1:19.1 | somebody who just wants to discuss Bitcoin with us. They've got an idea or a |
| 1:22.3 | thesis or a concept they're working on and we try and get them on the show. Now Nicholas hasn't done a podcast before but we loved his email. We loved his thesis. So he came down to London a couple of days ago and recorded with us. |
| 1:34.0 | Now Nicholas is a systems engineer in the aerospace industry and he was talking to us about |
| 1:39.3 | positive and negative feedback loops, how they relate to Bitcoin, and how they relate to Fiat, |
| 1:45.2 | and how when you look at systems engineering and these positive and negative feedback loops, |
| 1:49.4 | you can see why Bitcoin works and Fiat fails. And so with Bitcoin you have a system designed for |
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