Episode notes
Recorded 6/24/21
Bitcoin price at the time ~$34,000
Gigi is a well-known Bitcoin author and deep-thinker whose works always push the reader to understand Bitcoin on a deeper level. He does a fantastic job of expressing his thoughts in a way that is easy to consume both verbally and in writing. We cover a variety of topics on this episode including the history of fiat systems, the Bitcoin ban in China, why everyone in the world doesn’t need to understand Bitcoin, the future of the banks, and how Bitcoin relates to time.
Where to find Gigi:
@DerGigi (https://twitter.com/dergigi)
21 Lessons: What I’ve Learned from Falling Down the Bitcoin Rabbit Hole (https://21lessons.com/)
https://bitcoin-resources.com/
https://www.patreon.com/dergigi
Bitcoin is Time (https://dergigi.com/2021/01/14/bitcoin-is-time/)
1:45 - Gigi’s background
11:30 - Bitcoin and game theory with nation-states
16:30 - The bleak history of fiat monetary systems
31:00 - Bitcoin unit bias
40:00 - China bans Bitcoin
45:30 - The exponential adoption curve of Bitcoin
55:00 - Every single person doesn’t need to understand Bitcoin
1:08:20 - The future of banks in a world on a Bitcoin standard
1:17:00 - Fractional reserve banking
1:21:45 - Money trends towards the cost of production
1:27:00 - Bitcoin is Time
Resources mentioned:
Bitcoin white paper (https://bitcoin.org/bitcoin.pdf)
Swan Bitcoin (swanbitcoin.com/e3)
Cash App (https://cash.app/app/KWJSDQR)
Strike (https://invite.strike.me/21XVVW)
War Games - 1983 (https://en.wikipedia.org/wiki/WarGames)
Island of Yap (https://en.wikipedia.org/wiki/Rai_stones)
Bolivar vs. Chicken (https://www.theguardian.com/world/2018/aug/20/venezuela-bolivars-hyperinflation-banknotes)
When Money Dies (https://www.amazon.com/When-Money-Dies-Devaluation-Hyperinflation/dp/1586489941)
The Ultimate Resource 2 - Julian L. Simon (https://www.amazon.com/Ultimate-Resource-Julian-Lincoln-Simon/dp/0691003815)
