Episode notes
“The underpinnings of the dollar are identical to the underpinnings of the Bolivar, it costs zero to produce 3 trillion bolivars, and it costs zero to produce 3 trillion dollars...goods are becoming more expensive because the underlying monetary unit is being debased.”
— Parker Lewis
Location: Remotely
Date: Tuesday 6th June
Company: Unchained Capital
Role: Head of Business Development
When people attempt to understand bitcoin, it is easy to get caught up in some of the myths we addressed in Gradually then Suddenly Pt 1 - Killing the FUD. In this Part 2 episode, we go deeper into the principles of monetary economics.
Money solves the intersubjective problem of trade and facilitates specialisation in society. Therefore, how we solve these problems can help objectively evaluate the properties of money.
The most important property of money is scarcity, and bitcoin, with its fixed supply and monetary properties, reigns king. But from where do these properties derive? And what about other blockchains? How can bitcoin obsolete all other money?
In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss the principles of money, monetary convergence, and why Bitcoin obsoletes all other money.
This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger - State of the art Bitcoin hardware wallet
Revolut - A better way to handle your money
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WBD370 - Show Notes
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