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The Epic of Bitcoin with Allen Farrington - Bitcoin Magazine Podcast

Bitcoin Magazine
225K subscribers
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2.9K views 3 years ago Bitcoin Magazine Podcast
Prior to the Bitcoin 2021 Conference, Bitcoin Magazine Podcast host Christian Keroles sat down with keynote speaker and incredible Bitcoin thinker for one of his very first podcasts appearances. This interview covers two of Allens seminal works and why Farrington prefers to investigate Bitcoin’s cultural and literature alignments over the typical framing of economics, trading and technology. First Keroles and Farrington dive into his article The Capital Stripmine. The article is a ~30 minute read and it dives into why the current fiat system is effectively strip mining the US and current financial system of its resources. He compares what is going on in capital markets to the strip mining techniques that have become popular in modern day. Allen laments that because of fiat money’s poor incentives, civilization has taken on a growth at all cost mentality and have thrown away all regard for long term thinking and preservation. Second he get in …...more
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Intro

0:00

The two most important books you can read

3:16

Allen's work in the bitcoin space

4:37

Allen's bitcoin story

5:44

Allen's non-bitcoin articles

11:57

How Allen fits into the bitcoin ecosystem

15:12

What's the difference between the internet and the web?

17:58

Bitcoin is a network hardware revolution

23:36

Allen's Bitcoin Is Venice series of articles

26:03

Austrian economics rejects models

28:52

Knowledgeable people are drawn to bitcoin

31:26

The Capital Strip Mine

34:48

The symptoms of a centrally controlled economy

39:48

The idea of 'fix the money, fix the world'

41:56

Bitcoin Is Venice

43:24

Why bitcoin is better than the current fiat system

44:46

Why is bitcoin peaceful?

46:08

The Economic Consequences of Organized Violence

50:01

Bitcoin improves upon the incentives behind violence and power

52:32

The Sovereign Individual and The Wealth of Networks

53:26

Allen's talk at Bitcoin 2021

55:22

Closing comments

58:11
The Epic of Bitcoin with Allen Farrington - Bitcoin Magazine Podcast
67Likes
2,948Views
2021Jun 10
Prior to the Bitcoin 2021 Conference, Bitcoin Magazine Podcast host Christian Keroles sat down with keynote speaker and incredible Bitcoin thinker for one of his very first podcasts appearances. This interview covers two of Allens seminal works and why Farrington prefers to investigate Bitcoin’s cultural and literature alignments over the typical framing of economics, trading and technology. First Keroles and Farrington dive into his article The Capital Stripmine. The article is a ~30 minute read and it dives into why the current fiat system is effectively strip mining the US and current financial system of its resources. He compares what is going on in capital markets to the strip mining techniques that have become popular in modern day. Allen laments that because of fiat money’s poor incentives, civilization has taken on a growth at all cost mentality and have thrown away all regard for long term thinking and preservation. Second he get into Allen’s blockbuster article Bitcoin is Venice, Bitcoin Is. In this article Farrington, educates the reader about the anomaly that is Venice Italy at is peak. Venice was a magical mixture of a sound money, capitalistic, and free society when many of its neighbors where still operating in futility. Venice in contrast to other large cities was a bastion for the arts, wealth, and thought. Farrington details how Bitcoin’s sounds and fair monetary properties provide a framework for humanity to return back to Venice esc conditions and hopefully prosperity. Lastly Keroles and Farrington discuss Allen’s plan’s for his now live Bitcoin 2021 key note presentation titled, The Milk Of Paradise: Bitcoin And The Western Canon. The speech discusses how Western literature, culture, and historical lessons can all be fit into the values and properties that Bitcoin codifies into a physical network on nodes that maintain consensus in a decentralized way. Please enjoy this fascinating conversation with Allen Farrington. Follow Allen Farrington @allenf32 Timestamps: 0:00 - 3:16 Intro 3:16 - 4:37 The two most important books you can read 4:37 - 5:44 Allen's work in the bitcoin space 5:44 - 11:57 Allen's bitcoin story 11:57 - 15:12 Allen's non-bitcoin articles 15:12 - 17:58 How Allen fits into the bitcoin ecosystem 17:58 - 23:36 What's the difference between the internet and the web? 23:36 - 26:03 Bitcoin is a network hardware revolution 26:03 - 28:52 Allen's Bitcoin Is Venice series of articles 28:52 - 31:26 Austrian economics rejects models 31:26 - 34:38 Knowledgeable people are drawn to bitcoin 34:48 - 39:48 The Capital Strip Mine 39:48 - 41:56 The symptoms of a centrally controlled economy 41:56 - 43:24 The idea of 'fix the money, fix the world' 43:24 - 44:46 Bitcoin Is Venice 44:46 - 46:08 Why bitcoin is better than the current fiat system 46:08 - 50:01 Why is bitcoin peaceful? 50:01 - 52:32 The Economic Consequences of Organized Violence 52:32 - 53:26 Bitcoin improves upon the incentives behind violence and power 53:26 - 55:22 The Sovereign Individual and The Wealth of Networks 55:22 - 58:11 Allen's talk at Bitcoin 2021 58:11 - 59:31 Closing comments For more compelling video content from Bitcoin's original publication, subscribe and turn on notifications for the Bitcoin Magazine YouTube channel. Bitcoin 2022 will be the biggest Bitcoin conference ever! Get early bird tickets: https://b.tc/conference/2022 Join our telegram community: https://t.me/officialbitcoinmagazine Subscribe to our newsletter and receive news and analysis before anyone else: https://bitcoinmagazine.com/subscribe Connect with us on social media and join the conversation: Twitter:   / bitcoinmagazine   LinkedIn:   / bitcoin-magazine   Twitch:   / bitcoin   Facebook:   / bitcoinmagazine   Instagram:   / realbitcoinmagazine   Buy Bitcoin from Bitcoin Magazine with a credit card: https://buy.bitcoinmagazine.com/ Listen and subscribe to our podcasts: Apple: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/1IxBiqX... Google: https://podcasts.google.com/feed/aHR0...
Bitcoin Magazine Podcast
Bitcoin Magazine

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Bitcoin Magazine

225K subscribers
Bitcoin 2021 Miami
by Bitcoin Magazine