Why Bitcoin Makes the Federal Reserve Obsolete w/ Anthony Pompliano
The "What is Money?" Show
Skin in the game and central banker incentives
Anthony uses Taleb's skin in the game to show central bankers lack disincentives and why Bitcoin participants differ.
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// TIMESTAMPS //
0:00 – WiM Episode Trailer
1:42 – Podcast Begins
8:00 – How Money Emerges: Trade, Scarcity, and the Five Monetary Properties
15:00 – Fiat Currency as a Pyramid Scheme: From Gold to Central Banking
24:56 – Mine Bitcoin with Blockware Solutions
25:56 – Absolute Scarcity: Why Bitcoin Is a One-Time Discovery
36:00 – Path Dependence, the Difficulty Adjustment, and Why Bitcoin Can't Be Replicated
44:00 – Ray Dalio's Three Critiques of Bitcoin Dismantled
49:32 – Performance Lab Supplements
50:50 – Price Signals as Truth: How Inflation Corrupts the Economy
1:03:00 – Radical Transparency: Bitcoin vs. the Opacity of Central Banks
1:14:00 – Believability, Track Records, and the Death of Fiat Credibility
1:21:29 – The Farm at Okefenokee
1:22:29 – Skin in the Game, Property Rights, and the Free Market Case for Bitcoin
1:46:18 – Protect Yourself From SIM Swaps
1:47:24 – Unlock the Wisdom of the Best Non-Fiction Books
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