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The "What is Money?" Show

Your Time is Being Stolen — Bitcoin Fixes This w/ Scott Dedels

The "What is Money?" Show

Robert Breedlove

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

4.8710 Ratings

🗓️ 26 August 2025

⏱️ 163 minutes

🧾️ Download transcript

Summary

Scott Dedels joins the show to explore the connections between money, the invention of the clock, central banking, and how fiat functions as a form of time theft. They discuss “The Dao of Bitcoin”, how money functions as a form of collective memory, the timeline to hyperbitcoinization, the history of Tartaria, and why so many people resist Bitcoin. Scott Dedels is the author of “The Doa of Bitcoin”, the co-founder of “Block Rewards”, and has 15 years of experience working in traditional financial services, helping employers manage benefits, compensation, and retirement savings plans.

Transcript

Click on a timestamp to play from that location

0:00.0

I saw the meme. It was like, you work 20 years to accumulate your life savings and then the Fed prints 50% of the money supply overnight.

0:07.8

I think it creates like a psychosis.

0:10.7

The overlords, if you will, that want us to own nothing and be happy and drive us into like this one world government.

0:17.7

Interestingly enough, and it's kind of ironic, Bitcoin is doing that.

0:55.9

Just not in the way that they thought. You know, I think it's like, be careful what you wish for. It's the bottom up version of that. Yeah. And so given the choice, if most people understood that they could just save their money. In money. In money. Yeah. Then they would do that. It's just all about people not understanding what money is. It's like, what the problem is, you're not saving your money in real money. If you just save your money in real money, you wouldn't have to go do all these fucking risky things over here. So you said 1657 was the clock. The pendulum. Okay. 11 years later, the first central bank. Oh, really? What's going on there? There's a lot to chew on there because.

1:09.4

So time.

1:11.6

How's time to talk about time. Let's go for it.

1:14.8

How have we, what's going on with our relationship to time?

1:22.2

You know, I think in Bitcoin, we spend a lot of time talking about these big events that happened in history, 1971, 1913.

1:26.9

And when I was researching my book, I came across this really interesting essay

1:31.2

called The Tyranny of the Clock. It was written in 1944 by a man named George Woodcock.

1:37.4

And Tyranny of the Clock is a discussion about how the most critical invention that has birthed the modern world we all live in now

1:46.5

was the mechanical clock, which was made possible by the invention of the pendulum in 1657.

1:55.0

So what happened after, what happened much before 1971, and after 1657 was the first opportunity for us as a civilization to start to think about time as a commodity because we now had the ability for clock time exact time and prior to the mechanical clock were clocks, but they worked on like ballasts

2:21.3

and they could only keep to the hour. And before that, it would have been, you know, sundials and

2:25.1

hourglasses and things that observed nature and the rhythms of the natural world. And the

2:33.3

clock, the tyranny of the clock makes the argument that exact time was actually

2:38.3

the most important commodity in the Industrial Revolution.

2:43.2

Because it actually enabled an entirely new conception of how we arranged ourselves.

2:50.5

We started to think about using people, using their

2:57.0

time as an ingredient in industry, which is a pretty wild thing because from there,

3:04.3

we all started wearing watches and almost unknowingly in the same way that Fiat money changed over time.

...

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