BTC146: Broken Money 2/2 w/ Lyn Alden (Bitcoin Podcast)

In the part two of a two-part discussion with Preston Pysh and Lyn Alden, they talk about the merging of a credit based money ledger system with a commodity backed money system into a single new technology, which is Bitcoin. 

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:22 - Why money has been at the crux of global conflict since time immemorial.

16:08 - Why can't a government entity just fire-up 20,000 nodes and try to fork the code?

33:41 - Lyn's thoughts on Gresham's law and Bitcoin.

41:23 - What would a bitcoin would look like with no unit abstraction?

47:13 - How do Taxes change in a bitcoin world?

49:04 - Does Bitcoin need smart contracting to compete with other protocols?

57:43 - Why couldn't Adam Back improve the Bitcoin code?

01:02:25 - The privacy trade-off is something that many want, what is Lyn's point of view?

01:06:02 - What is the fundamental trade-off between PoW and PoS?

01:06:02 - Lyn's discussion of volatile vs non-volatile computer memory when trying to understand PoS and PoW.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
• Lyn Alden’s book, Broken Money – Read reviews here.
• Listen to Part 1 of the discussion with Lyn Alden about Broken Money, or watch the video.
• Listen to our interview with Lyn Alden about How the Fed Went Broke, or watch the video.
• Tune into our interview with Lyn Alden about Macro and the energy market, or watch the video.
• Listen to our interview with Lyn Alden about Money, or watch the video.
• Tune into our interview with Lyn Alden about Gold and Commodities, or watch the video.
• Listen to our interview with Alex Gladstein about issues with fiat currencies, or watch the video.
• Lyn Alden's free website.
• Lyn Alden's premium newsletter.

SPONSORS

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• USPS
• SimpleMining
• Sound Advisory
• Shopify
• AT&T
• BAM Capital

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