In this episode with Tim Braheem, we discuss the properties of sound money, central banking, the incentives for armed conflict, and why Bitcoin is the best peace-making technology.
Tim Braheem is the Founder and CEO of Performance Experts and the host of The 360 Experience podcast.
// OUTLINE // 00:00:00 - Coming up 00:00:38 - Intro 00:02:11 - Helping Lightning Startups with In Wolf's Clothing 00:02:57 - Introducing Robert Breedlove 00:03:22 - Robert's Europe Tour 00:04:36 - The Questions of Significance 00:06:03 - Insufficiency and Indispensability of Language 00:08:47 - Understanding the Nature of Money 00:10:39 - Money: A Universal Medium of Exchange 00:12:57 - Money: The Most Marketable Commodity 00:17:25 - Money Emerges from Trading 00:19:12 - Properties of Good Money 00:22:11 - Money Needs to Be Expensive to Produce 00:25:53 - Counterfeiting of Money 00:27:57 - Retaining Purchasing Power 00:32:37 - Counterfeiting Monopoly of the US Dollar 00:36:27 - Winners & Losers in Central Banking Paradigm 00:41:04 - Simplifying Currency Inflation 00:43:29 - Advantage of Investing in Real-Estate 00:47:40 - Why Gold Became Money 00:54:16 - Warehousing of Gold 00:57:23 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:58:20 - Introduction of Gold-Backed Currency Standard 01:01:12 - Problems with a Fractional Reserve Banking 01:05:57 - Central Banks and War Incentives 01:11:36 - A Centrally Controlled Gold Standard 01:13:53 - Introduction of the Fiat Standard in 1971 01:19:25 - Intital Stage of the Bitcoin Rabbithole 01:23:43 - The $100 Trillion Question 01:26:14 - What is Bitcoin 01:28:56 - The Intangibility of Bitcoin 01:34:40 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:35:31 - Comprehending the Non-Physical Nature of Bitcoin 01:37:22 - Bitcoin Resembles the Properties of Good Money 01:41:34 - Bitcoin: An Asset with Absolute Scarcity 01:44:01 - The Emerging Consensus of Bitcoin 01:47:32 - Bitcoin: A Money with Zero Percent Inflation 01:49:49 - Bitcoin is More Than an Invention 01:50:45 - Production Cost of Money 01:52:35 - The Supply and Demand Ratio 01:54:14 - Perfect Information in a Financial System 01:58:07 - The Biggest Fear About Bitcoin 01:59:14 - Bitcoin’s Price Prediction 02:07:20 - Why Bitcoin