My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/
GUEST
Lester's Twitter: https://twitter.com/ProgrammableTx
BOOK
The Twilight of Gold: https://archive.org/details/twilightofgold190000paly/
PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:
OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Peel’s Act: The Original Bitcoin, With a Few Exceptions…
00:04:33 Satoshi’s Creation has Been Sought by Humanity for Centuries
00:08:00 21M Bitcoin: Finally, Something Humanity Can Agree Upon
00:09:25 Running a Full Node is Equivalent to Convertibility on the Gold Standard
00:10:48 How Network Effects Propelled the Gold Standard
00:14:53 International Trade Required Gold Deposits Within Each Country
00:15:33 Bitcoin as the Ultimate Ulysses Contract
00:18:17 A Bitcoin Full Node is Subversive to Commercial Banking
00:20:20 “There’s One Economy in the World, and It’s the World Economy”
00:22:07 The Three Flavors of the Gold Standard
00:26:15 NYDIG
00:27:23 The Balance of Trade and the Directionality of Gold Flows
00:38:31 An Example of an Exporter Banking on a Gold Standard
00:42:11 How Interest Rates Were Used to Manipulate Gold Flows
00:45:56 The Beauty of an Idealized Gold Standard…
00:49:54 The Titanic Trade Imbalance Accumulated Since 1971
00:51:37 An Unwitting Twisting of Incentives Across History…
SOCIAL
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WRITTEN WORK
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Substack: https://breedlove22.substack.com/
WAYS TO CONTRIBUTE
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RECOMMENDED BUSINESSES
Worldclass Bitcoin Financial Services: https://nydig.com/
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