I love whenever someone mentions the measurement analogy. Few people actually wonder why gold or Bitcoin is often called a "standard" and what does the term "standard" actually mean. A standard is an object with well-defined properties that virtually do not change in time and are remarkably invariant to changes of environmental conditions. Not so long ago, virtually all weighs in the world were adjusted according to calibration standards derived from even more precise standards up to national standards and these were ultimately derived from one tiny metallic cylinder known as the "International Prototype of the Kilogram" (IPK). This was the *primary standard* defining what the kilogram actually means (!), made from an alloy of platinum and iridium, one the most corrosion-resistant materials known to man, stored under triple glass bell jars in a vault maintaining constant temperature and an inert, dust-free atmosphere. It was rarely opened only for polishing and recalibration of the secondary (national) standards shipped from around the world. It maintained constant weight up to microgram amounts (!) and even this was not good enough for modern science and industry, that long required a better standard. The SI base units are central to all science and technology and is one of the pinnacles of human ingenuity. There would be no smart phones, no advanced medical equipment and pharmaceuticals, no GPS, no global communication, no precision-machined parts; without a such high standard. There is no doubt about it across all nations. Standards are a big deal. Now compare this to the monetary "standard" called fiat system, where a couple of old farts decide on printing a couple trillion (!) units from time to time, or adjust an "interest rate" knob based maybe on some elementary scaler algebra, despite the fact economy is a super complex system, containing millions of interdependencies and feedback loops, against which even operating a modern nuclear reactor is a trivial task. NO WONDER that central banks are the bottleneck, being slowly dragged, kicking and screaming, into the 21st century!

ANOTHER AWSOME GUEST....I wish he was in a leadership position. HE is based ...

Yes, zero tax Bitcoin!

Great guest. Thanks for the interview

Great episode! just bought his book!

Im glad i traded my eth for btc last year.

Such a smart guy, I am reading his book now. Thank you for interviewing him. A true Bitcoiner, integrating different aspects, making a valuable whole.

26:39 great point Bram

Great show! Bryan makes a ton of really great and well articulated points. I do have to push back on his third-order Malthusian argument. His argument might makes sense in theory, but empirically we can see that since 1971 families have had to work harder to earn less and as a result are foregoing having children.

Any economic/social system will always have struggles. It is human nature for individuals to better their position in life. Therefore you must limit the scope and power of any institution, that goes for everything from government to citizens. This is why money, the mechanism for nearly all exchange, must be decentralized and not controlled exclusively by a relatively small group. The problem still exists: how does the decentralized defend against a large centralized entity? Maybe there needs to be some sort of fail safe that compels the decentralized to only band together (centralize) in order to defend against the centralized actor? Research Bitcoin.

Hey sir I'm looking for some work So I have a question, do you need a thumbnail designer 👀

Zero tax btc

Brian is an angry man, with an opinion.

bitcoin increases in value if goods/services increase. In a hard money/noninflationary/btc standard at first it seems to gain value, so people tend to hold btc and do nothing, then as shortages in goods/services begin to develop btc loses value as people begin to value things more, then people shift focus from holding btc to creating things. So maybe it balances in a good way, but maybe it promotes shortages of goods/services. I would think not though, because most people feel the need to have a surplus of things ready for emergency....like a squirrel saving nuts paying money(value) for bitcoins computing power. The question is: is the energy used to operate the bitcoin decentralized financial system better used than the less energy used for operating centralized currencies that require massive government interventions to control international trade and/or rescue the corrupt financial system that privatizes gains and socializes loss...among the many other negative side effects that actually end up costing/wasting more value that society could otherwise benefit from. Who is actually analyzing and stress testing bitcoin node and miner implementations? This may be one good thing that governments can do, but not only government. Private and public should compare notes.

So, should bread be free? You asked the question but didn’t let him answer it. If things are free, who would want to make them ? Why spend time and resource to produce foods and give it for free? I like the idea but it sounds like communism to me.

Cheaper !!?? Really !!?? So nxt years new i-phone will be cheaper...lol, shit no. Apple will measure the average purchading powrr rate and use that % to add on to the previous yr cost.