Join Ram and Krishna as they sit down with Gigi to discuss about Proof of Work, how Value-For-Value fixes the monetization of information and how privacy & freedom are two sides of the same coin.

Guest Links

• @dergigi
• Gigi's Website
• 21 Lessons

Show Notes

• Bitcoin Is Time, by Gigi
• The Words We Use In Bitcoin, by Gigi
• DAOs, Democracy and Governance, by Ralph Merkle
• Blockchain Proof-of-Work Is a Decentralized Clock, by Gregory Trubetskoy
• Bitcoin Astronomy, by Dhruv Bansal
• Inalienable Property Rights, by Gigi
• The Freedom of Value, by Gigi
• Freedom and Privacy, by Gigi
• True Names, by Vernor Vinge

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Join Ram and Krishna as they sit down with Daniel Prince to discuss how incentives are broken in the education system, how ESG is a scam and how Bitcoin is intuition and truth.

Guest Links

• @PrinceySOV
• Once Bitten
• Choose Life
• Travel Blog

Show Notes

• Do schools kill creativity? | Sir Ken Robinson
• The Ultimate History Lesson: A Weekend with John Taylor Gatto
• Weapons of Mass Instruction, by John Taylor Gatto
• Dumbing Us Down: The Hidden Curriculum of Compulsory Schooling, by John Taylor Gatto
• Changing Our Minds: How children can take control of their own learning, by Naomi Fisher
• Sugata Mitra: Can kids teach themselves?
• Confessions of an Economic Hit Man, by John Perkins

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Join Ram and Krishna as they discuss how altcoins like Ethereum compares with Bitcoin and if they have a chance to take over Bitcoin as money.

Topics Discussed

• Bitcoin's conception
• Can Bitcoin be cloned?
• What about a better Bitcoin?
• Blockchain as a technology, Utility coins
• Ethereum
• Proof of Stake vs Proof of Work

Resources

• Bitcoin can't be copied, by Parker Lewis
• Proof-of-Stake and Stablecoins: A Blockchain Centralization Dilemma, by Lyn Alden
• An Economic Analysis of Ethereum, by Lyn Alden
• 2021 Altcoin Node Sync Tests, by Jameson Lopp
• Only The Strong Survive, by Allen Farrington & Big Al

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Join Ram and Krishna as they tackle some of the common criticisms Bitcoin faces - Volatility and Intrinsic Value.

Topics Discussed

• Is volatility good or bad?
• Why is bitcoin volatile?
• Bitcoin's antifragility
• What is the intrinsic value of something?
• What gives dollar its value?
• Dollar credit system

Resources

• Bitcoin Is Not Too Volatile, by Parker Lewis
• Bitcoin is Not Backed by Nothing, by Parker Lewis
• How The Economic Machine Works, by Ray Dalio
• Chart - M1 Money Stock
• Chart - Debt Securities and Loans

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Ram and Krishna take on the never-ending debate about Bitcoin's energy consumption. We recap why Bitcoin needs energy in the first place, compare its energy consumption with other activities and also uncover the hidden costs of US Dollar a.k.a Petrodollar.

Topics discussed 

• Why Bitcoin uses energy?
• Comparison of energy consumption of other activities
• Petrodollar 
• Bitcoin incentivizes renewable energy
• Evolutionary approach to energy consumption

Resources

• The Frustrating, Maddening, All-Consuming Bitcoin Energy Debate, Nic Carter
• Uncovering The Hidden Costs Of The Petrodollar, by Alex Gladstein
• PoW is Efficient, by Dan Held
• Bitcoin Does Not Waste Energy, by Parker Lewis
• Bitcoin Net Zero, NYDIG

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Ram and Krishna discuss some of the attack vectors to neutralize Bitcoin. We also discuss the effect of banning Bitcoin, the game theory behind it and how regulation will play out potentially.

Topics discussed 

• Outright ban of Bitcoin
• Can Bitcoin be hacked
• Game theory behind countries ban  - Prisoner's dilemma
• Regulation

Links Mentioned

• Prisoner's dilemma

Other Resources

• Can Governments Stop Bitcoin?, by Alex Gladstein
• Bitcoin Cannot be Banned, by Parker Lewis

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Ram and Krishna cover some Bitcoin fundamentals like miners, nodes, difficulty adjustment and the halving cycle. 

We also discuss:

• Importance of decentralization 
• Financial privacy with CBDC
• How Bitcoin is freedom money

Resources

• Bitcoin Whitepaper, Satoshi Nakamoto
• The Stories We Tell About Money, by Andreas Antonopolous
• Alex Gladstein's website

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In this episode, Ram and Krishna talk about their journey in to the Bitcoin rabbit hole, the current economic landscape, brief history of money and how Bitcoin is the best form of money we have right now.

Links Mentioned

• Bitcoin Stock-to-Flow Model
• http://wtfhappened1971.com/

Other Resources

• Bitcoin Whitepaper, by Satoshi Nakamoto
• The Bullish Case for Bitcoin, by Vijay Boyapati
• The Bitcoin Standard, By Saifedean Ammous
• The Stories We Tell About Money, by Andreas Antonopolous
• Shelling Out: The Origins of Money, by Nick Szabo

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