In this episode with Scott McBlane, we discuss the nature of money, the attributes of ideal money, the central bank of central banks, and why Bitcoin is the closest thing to perfect money humans have ever had.Â
Scott McBlane is the host of the YouTube channel called Scott McBlane.Â
Twitter: https://twitter.com/scottmcblaneÂ
Youtube: https://www.youtube.com/@ScottMcBlane
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// OUTLINE //Â
00:00:00 - Coming upÂ
00:00:33 - IntroÂ
00:02:06 - Helping Lightning Startups with In Wolf's ClothingÂ
00:02:52 - Introducing Robert BreedloveÂ
00:03:38 - Learning the Nature of MoneyÂ
00:05:13 - Introduction to The "What is Money?" ShowÂ
00:07:03 - Language and MoneyÂ
00:10:52 - Money: A Medium of Exchange for Human ActionÂ
00:14:19 - Imperfection of MoneyÂ
00:16:03 - Money is a ToolÂ
00:17:33 - Attributes of Ideal MoneyÂ
00:18:58 - Global Economy is a Complex Adaptive SystemÂ
00:22:15 - Origins of Money and Division of LaborÂ
00:25:34 - Money is a Primary Part of CivilizationÂ
00:28:01 - Government Didn't Create MoneyÂ
00:31:40 - Money is the Most Tradeable AssetÂ
00:32:43 - Secure Your Bitcoin Stash with the iCoin Hardware WalletÂ
00:33:39 - The Barter Problem: Non-Coincidence of WantsÂ
00:38:20 - What is the Bank for International SettlementsÂ
00:41:50 - Organized Corruption of MoneyÂ
00:45:16 - The Money Printing MachineÂ
00:47:33 - The Need for an Immune Money to CounterfeitingÂ
00:48:30 - The Problem with GoldÂ
00:51:04 - Bitcoin: The Ultimate Uncounterfittable MoneyÂ
00:53:05 - Like Zero, Bitcoin is an Absolute InnovationÂ
00:54:51 - A Bitcoin Wallet with Privacy Built-In: Wasabi WalletÂ
00:55:43 - Quality of the Money Dictates Its TransactionÂ
00:57:51 - People Want Specific Outcomes of the GoodsÂ
00:59:42 - Five Useful Properties of MoneyÂ
01:02:32 - Properties of Money Determine its Purchasing PowerÂ
01:05:31 - Why Bitcoin is the Perfect MoneyÂ
01:09:49 - Bitcoin: The Invention of Pure MoneyÂ
01:13:07 - Experience of Meeting Jordan PetersonÂ
01:18:13 - Fix the Money, Fix the World
// PODCAST //Â
Podcast Website: https://whatismoneypodcast.com/Â
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