It’s a disgusting centralized censorable custodial banking app, with the GOVERNMENT as proxy Custodian. Chivo-to-Chivo payments don’t use blockchain AT ALL. They’re just made up numbers in the backend database. They’re frequently incorrect.
Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)
Alex Gladstein joins me for a deep-dive into the petrodollar system and its many hidden costs.
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/
GUEST
Alex’s twitter: https://twitter.com/gladstein
Human Rights Foundation: https://hrf.org/PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast…
Spotify: https://open.spotify.com/show/25LPvm8…
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:OUTLINE
00:00:00 “What is Money?”
Intro 00:00:08
The Dollar’s Pursuit to Peg Itself to Energy
00:06:14 Gold: The Base-Layer of Human Action Historically
00:10:29 The Cost of War and the Suppression of the Gold Price
00:24:47 Gresham’s Law
00:34:17 Gold’s Shortcomings
00:39:24 The Dollar in Search of a New Anchor & The Rise of OPEC
00:48:14 Cementing the Power of the Dollar Abroad
00:52:32 The Dark-Side of Imperialism & The T-Bill Standard
01:01:28 Exacerbation of Wealth Disparity
01:04:35 Fueling War
01:10:21 Oil-Denominated Currency War
01:16:54 Follow the Money!
01:18:30 NYDIG
01:19:37 Flawed Incentives and Rent-Seeking Behavior
01:29:10 Raw Material Surplus and Inflating Food Prices by Design?
01:34:34 Peace Theory and Satoshi’s Appreciation for Gold
01:42:20 Bitcoin: The Most Expensive Property to Violate
01:47:22 Bitcoin Price Manipulation and Suppression?
01:52:40 Theirs’ Law: Bitcoin Driving out the Bad Money
02:00:07 Bullish on America, the Navajo, El Salvador, and Nigeria
SOCIAL
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
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All My Current Work: https://linktr.ee/breedlove22
Number go up: Bitcoin is a Trojan Horse | Alex Gladstein and Lex Fridman
Lex Fridman Podcast full episode: https://www.youtube.com/watch?v=kSbMU…
Bitcoin explained and made simple (The Guardian)
Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came from and the impact it’s having around the world. Is bitcoin the future of finance, a potential destroyer of the economy … or just a silly slice of technical utopianism?