#567: You’ve Been Lied To Your Whole Life! with WAR MODE

Dec 23, 2024

In this discussion, Will Cole joins Marty and the WAR MODE duo to unravel the myths fueling our financial systems. They dissect how traditional finance is riddled with lies and the true advantages of Bitcoin. From addressing inflation to critiquing the banking industry, they advocate for Bitcoin as a revolutionary alternative. The conversation also echoes the message that Bitcoin isn't just about tech; it's a tool for empowerment against financial tyranny and censorship, offering a brighter future for everyone.

02:46:09

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ANECDOTE

Dimon's Hypocrisy

Will Cole saw a video of Jamie Dimon criticizing Bitcoin and initially agreed with his points.
Later, realizing the video was old and Dimon's bank now trades Bitcoin, Will changed his view.

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ADVICE

Bitcoin Adoption Drivers

Merchants drive Bitcoin adoption, not consumers.
Businesses accepting Bitcoin often perform better, leading to more adoption.

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ADVICE

Bitcoin Acquisition and Storage

Buy Bitcoin through platforms like Cash App and gradually learn about self-custody.
Cold storage offers state-level security for individuals, unlike relying on third parties.

Get the Snipd Podcast app to discover more snips from this episode

Understanding Bitcoin and Monetary Policy

02:22 • 7min

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Historical Perspectives on Money and Bitcoin's Emerging Role

09:46 • 3min

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Bitcoin's Foundations and Economic Implications

12:16 • 19min

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The Future of Currency: Embracing Bitcoin and Essential Hydration

30:47 • 2min

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Bitcoin's Resilience and Transformative Potential

32:54 • 17min

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Bitcoin's Energy Revolution and Economic Impact

50:10 • 24min

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Bitcoin: A New Frontier in Finance

01:14:11 • 14min

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The Economic Divide: Inflation and Education

01:28:10 • 10min

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The Power and Perception of Money

01:37:54 • 20min

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Challenging Traditional Finance: Embracing Bitcoin as the Future

01:58:10 • 4min

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Embracing Bitcoin: A New Financial Frontier

02:02:23 • 14min

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Bitcoin's Resilience and Societal Impacts

02:16:31 • 19min

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Challenging Ownership: Bitcoin vs. Traditional Property

02:35:20 • 5min

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Societal Class Disparities and Work Culture Critique

02:40:22 • 2min

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Financial Mechanisms and the Rise of Cryptocurrencies

02:41:58 • 4min

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Strong Towns

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An Essay on Economic Theory

Essai sur la Nature du Commerce en Général

Richard Cantillon

This book, originally titled 'Essai sur la Nature du Commerce en Général', is a comprehensive treatment of economic theory that focuses on the structure and mechanics of emerging market economies. Cantillon is credited with being the first to describe the market process driven by entrepreneurship and is often called the 'father of enterprise economics'. The work was circulated privately in France before its publication in 1755 and has been recognized for its significant contributions to the field of economics, distinguishing it from later works like Adam Smith's 'The Wealth of Nations'. The current translation, provided by Mark Thornton and Chantal Saucier, offers a more accurate and lucid account of Cantillon's original text.

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Human action

A Treatise on Economics

Ludwig von Mises

Human Action is Ludwig von Mises' magnum opus, where he defends an a priori foundation for praxeology and methodological individualism. The book argues that the free-market economy outdistances any government-planned system and serves as the foundation of civilization. Mises explains complex market phenomena as the outcomes of countless conscious, purposive actions and choices of individuals. He critiques government attempts to regulate and control economic activities, emphasizing the futility and counter-productiveness of such interventions. The book is a systematic treatment of the whole body of social and economic relations, integrating various economic problems into a comprehensive system.

#70

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The bitcoin standard

Saifedean Ammous

The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. The book takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems to modern government debt. It explains the operation of Bitcoin as a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, allowing users to perform traditional monetary functions without relying on authorities or physical infrastructure. The book also explores common questions surrounding Bitcoin and its potential as a store of value and a network for final settlement of large payments, challenging government monopolies and offering a vision of money extricated from politics and borders.

#549

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Debt

The First 5,000 Years

David Graeber

In this book, David Graeber argues that debt has a much longer history than money and that it has played a central role in shaping human societies. He debunks the myth of barter as the precursor to money, instead proposing that credit systems and debt were the primary means of trade. Graeber examines how debt has been used as a tool for social control, influenced law, religion, and politics, and has led to periodic crises and debtor revolts throughout history. The book also discusses the moral and social implications of debt, suggesting that the concept of debt is more complex than a simple economic transaction.

Marty and Will Cole sit down to orange pill Bill and Spud from WAR MODE.

WAR MODE: https://warmode.libsyn.com/

0:00 - Intro 0:36 - Here to be orange pilled 4:35 - Don’t F up the money 11:03 - Unchained 12:04 - Early bitcoin and basic value prop 17:07 - Inflation lies 25:09 - How we got to the modern system 31:19 - Zaprite & SOTE 32:52 - Bitcoin’s good for everyone and everything’s good for bitcoin 40:27 - Bitcoin, not blockchain 47:30 - Monetization & Triffin dilemma 50:21 - Mining, energy and the halving 56:52 - Fixing the money 1:00:38 - What miners and nodes do 1:10:42 - Emergent organization and early internet 1:15:01 - Bitcoin storage and risks of bank custody 1:24:32 - Big banks are far more criminal than bitcoin users 1:28:11 - The financial system is a web of lies 1:38:31 - Bitcoin is the white pill, it’s never too late 1:51:19 - F you money beats censorship 1:59:13 - The only winning move is to play 2:07:30 - Volatility - Weimar gold 2:09:11 - Bitcoin lending and regulatory attack 2:16:27 - China ban and Texas energy 2:21:41 - Q 2:23:54 - Divine intervention 2:28:52 - Conspiracy theories 2:34:49 - Freeing the enslaved American people

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