Robert Breedlove: Philosophy of Bitcoin from First Principles | Lex Fridman Podcast #176 - Deepstash
Money & Personal Sovereignty

Sovereignty is directly linked to power. A king or a state are sovereign through the power they can exert on your body. But we tend to think that our minds are free from any intervention and that w...

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Robert Breedlove: Philosophy of Bitcoin from First Principles | Lex Fridman Podcast #176

Robert Breedlove: Philosophy of Bitcoin from First Principles | Lex Fridman Podcast #176

Lex Fridman

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It is not the actual asset. It's the negotiated right to bear responsibility for an asset. And to own the fruits of exploiting an asset.

ex: when u own l...

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During the hunter-gatherer age, property was anything you could defend. Agriculture, however, allowed for economic surplus, which led to specialization & trade. For such a society to thrive propert...

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We tend to think we are living in a market driven economy but all our institution rely on a state bank that has monopoly on money. And printing money is how a state interferes and controls its econ...

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Entropy, the second law of thermodynamics, states that every closed system tends towards greater disorder. But life, as expressed through the Logos, is the anti-entropic system: we are conv...

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Life is information propagating through flesh

We are ideas competing with each other. We manifesting through biological vehicles, which we call bodies. 

The theory came from Richard Dawkins Meme Theory: we evolve our ideas faster than ou...

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Humans have wants & needs and we express our values through our actions. As we move from a more valuable A to a less valuable B, we fall off course. Our intelligence is what allows us to er...

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Pragmatic truth exists in addition to the absolute (scientific) one. Pragmatic truth deals with the practical subjective experience. This is what markets are good for. 

Markets generate 3 for...

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Money is a universal means of exchange. A technology that is enabled by something that has the highest proportion of trading ability to its utility (gold can be used for trade ...

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The type of money that wins in a competition (say bitcoin vs the others) will have the deepest liquidity and most network effects. 

Bitcoin so far has the most active participants which make ...

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Long-term economic thinking is conducive to moral behavior. Low inflation helps us think long-term, allowing us to worry about the uncertain present while maintaining sanity over the future. 

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