Stephan Kinsella joins me to discuss the nature of centralized law legislated by fiat in comparison with decentralized law discovered through the observation of human action across time.
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GUEST
Stephan's Twitter: https://twitter.com/NSKinsella
Stephan's Website: https://www.stephankinsella.com/
PODCAST
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Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
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Transcript:
OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Exploring the Meaning of Legislative “Law”
00:09:40 Possession is 9/10ths of the Law
00:16:43 Corruption in Law Making & Money Printing
00:20:30 Is Coercion Inherent to Fiat?
00:26:44 Bitcoin Replacing Fiat Standards?
00:30:00 The Basics of Human Action and Property
00:36:17 Is Bitcoin Property?
00:44:25 NYDIG
00:45:34 Does the Nature of Legal Disputes Change Under a Bitcoin Standard?
00:51:42 Custodial Aspects of the Fractional Reserve Banking System
00:57:49 Bitcoin Lending & the Threat of Rehypothecation
01:03:25 Does Bitcoin Disincentivize High Risk Human Action
01:08:37 Morality Under a Bitcoin Standard vs a Fiat Standard
01:18:11 Centralized Legislation Contributes to Uncertainty
SOCIAL
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