In this episode, Andrew Bailey, author of Resistance Money, explores the philosophical foundations of bitcoin and its role as resistance money. He discusses the need for resistance in today's socio-economic landscape, who benefits from it, and why he wrote another bitcoin book. Andrew argues for bitcoin's adoption based on more widely held beliefs and examines its value in a censorship-free world. He addresses the role of privacy, bitcoin's future, and the importance of self-custody versus centralized custody. The conversation also covers the ossify versus non-ossify debate, personal reputational risks, its political impact, and its biggest risks.
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TIMESTAMPS:
00:00:00 Introduction
00:01:24 What is Resistance Money?
00:02:17 Andrew’s philosophy background
00:04:46 What do people need to resist?
00:07:52 Who needs resistance money?
00:10:58 Why write another bitcoin book?
00:12:38 Arguing for bitcoin from more widely held beliefs
00:14:37 Is bitcoin valuable if there is no censorship?
00:15:47 How does philosophy help us understand bitcoin?
00:19:49 Bitcoin as an alien technology drop
00:21:36 What’s the role of privacy and money?
00:23:32 Can there be too much privacy?
00:27:05 Bitcoin is a new tool in today’s reality
00:28:00 Where is bitcoin in a decade?
00:31:59 How can we accelerate self-custody adoption?
00:33:55 What’s the concern with centralized custody?
00:37:35 Ossify vs not ossify fork
00:42:56 Risking your reputation talking positively about bitcoin?
00:46:23 When will bitcoin become not fringe?
00:48:53 How might bitcoin transform politics?
00:52:46 Biggest risk to bitcoin?
00:55:27 What’s something you believe about bitcoin that many bitcoiners would disagree with?
00:56:45 Closing thoughts
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