Allen Farrington and Sacha Meyers join me for a multi-episode conversation exploring their book "Bitcoin is Venice." In this episode, we discuss the power of prices, the difference between subjective and objective, social morality and technology, and whether Bitcoin can reduce violence.Â
Allen Farrington and Sacha Meyers co-authored the book "Bitcoin is Venice."
// GUEST //Â
Book: https://store.bitcoinmagazine.com/collections/books/products/bitcoin-is-veniceÂ
Allen’s Twitter: https://twitter.com/allenf32
Sacha’s Twitter: https://twitter.com/sacha_meyers
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// OUTLINE //Â
00:00:00 - Coming upÂ
00:00:40 - IntroÂ
00:02:12 - Helping Lightning Startups with In Wolf's ClothingÂ
00:02:59 - The Power of PricesÂ
00:06:48 - Prices as Decentralized Social TruthÂ
00:12:04 - Free Markets vs. Manipulation of PricesÂ
00:16:05 - Participating in Price DiscoveryÂ
00:19:19 - Compromise and CommunicationÂ
00:22:52 - Run Your Business From Anywhere with NetSuiteÂ
00:23:57 - Secure Your Bitcoin Stash with the iCoin Hardware WalletÂ
00:24:54 - Literal Comprehension of EconomyÂ
00:29:13 - Exchange Ratios of Writing and PricingÂ
00:31:41 - Price Discovery: From Subjective to ObjectiveÂ
00:35:53 - In-Between Subjective and ObjectiveÂ
00:38:54 - Distinguishing Subjective from ObjectiveÂ
00:41:33 - The Material Engagement TheoryÂ
00:44:55 - Human Action RelevanceÂ
00:48:42 - Idea for the Next BookÂ
00:50:30 - Take Control of Your Healthcare with CrowdHealthÂ
00:51:32 - A Bitcoin Wallet with Privacy Built-In: Wasabi WalletÂ
00:52:23 - Coercion is Destructive to Price DiscoveryÂ
00:55:23 - Price Distortion is the Omission of TruthÂ
00:56:43 - Consequences of Price DistortionÂ
01:00:05 - Paradox of ToleranceÂ
01:03:33 - Bringing Bitcoin into the EquationÂ
01:07:51 - Can Bitcoin Reduce Violence?Â
01:12:35 - How Bitcoin Changes the IncentivesÂ
01:17:01 - Social Morality and TechnologyÂ
01:21:23 - Is Bitcoin a Tool or Ideology?Â
01:25:49 - Is Capitalism an Ideology?Â
01:27:22 - The Line Between Ideology and TechnologyÂ
01:31:10 - Success Depends on OutcomeÂ
01:33:46 - Where to Find Allen and Sacha on the Internet
// PODCAST //Â
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
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