Storing Value over Time w/ Jonathan Glowacki | Give Bitcoin a Chance

Love doves and party pirates,

What is money? How about currency? What facilitates exchange? What makes a market? How do we store value over time? These are but a few of the philosophical inquiries friend of the show Jonathan Glowacki and I dive into in this far-ranging and free-flowing Saunacast conversation.

After tackling these broader themes, we zoom into the modern era and discuss the  benefits, as well as address certain misconceptions and oft-cited potential drawbacks to cryptocurrency generally and Bitcoin specifically. Bitcoin is digital money, but it’s not a Central Bank-backed Digital Currency (CBDC). It’s backed by energy, but does it really use too much power?

Are green frog skin dollar bills backed by rainbows and sunshine? Nope: they’re backed by blood. Would you rather use a soft (freely printed) inflationary money backed by the war machine or a hard (scarce + immutable) money backed by a software protocol and energy? 

Hope this chat serves to crack open some minds and shake up some preconceptions. This is certainly not financial advice, but as a DIY researcher I’ve found it fascinating to decrypt the intentionally and artificially opaque and convoluted universe of money, markets and finance.

One love,
little raven kerkaww

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TRACKLIST FOR THIS EP
Dykotomi – Corvid Crunk
Soulection Show 639 (Jun Tanaka Takeover)
Iced Coke – Short Chill LoFi Song
Massobeats – Honey Jam
Afrobeats & R&B Lofi Mix
Duke Deuce – Buck The System feat ATM Richbaby (Fair Use: Verbed and Slowed)

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FAIR USE DISCLAIMER:
Section 107 of the Copyright Act of 1976 allows for “fair use” for purposes such as criticism, comment, news reporting, teaching, education and research.

“The good things of prosperity are to be wished; but the good things that belong to adversity are to be admired.”

– Lucius Annaeus Seneca

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Barbarian Noetics Podcast