Daniel Krawisz on Bitcoin, Entrepreneurship, Economics Part 4

00:00:00.000 Daniel Krawisz https://twitter.com/DanielKrawisz 00:00:51.691 What comes after bitcoin? 00:01:16.117 Get as rich as possible 00:01:25.613 Bitcoin is like building an engine 00:01:45.799 Austrian economics is like thermodynamics 00:03:34.687 The problems of socialism https://mises.org/library/praxeology-knowledge-problem-socialism 00:03:58.870 Money is efficiency 00:04:51.565 Without money we lack cooperation 00:05:25.167 Without money we get central planning 00:06:47.390 What is profit paying for? https://mises.org/library/meaning-competition-0 00:07:11.065 Profit is superior planning https://mises.org/library/profit-and-loss 00:09:18.703 Entrepreneurs are superior planners 00:11:09.064 Knowledge of the future is the most valuable thing 00:14:59.046 Profits are caused by differential knowledge 00:18:21.421 Anti-inductivity https://www.lesswrong.com/posts/h24JGbmweNpWZfBkM/markets-are-anti-inductive 00:18:36.272 Scientism https://mises.org/library/pretense-knowledge 00:19:21.549 Marx said capitalists are parasites 00:19:55.751 When you get rid of profits, you get rid of planning 00:21:52.723 Is bitcoin a ray of sunshine? 00:22:28.276 Bitcoin is a way of getting wealthy by understanding economics 00:25:27.507 A block is a history of the economy 00:26:01.918 Miners will apply knowledge for profit 00:27:04.582 Will bitcoin become undeniable? 00:27:26.381 Selfish mining 00:28:21.896 What is a selfish miner? 00:34:26.616 Hurdles to bitcoin 00:34:56.619 Bitcoiner's big mistake 00:35:34.527 Entrepreneurship is spending money to make money 00:36:46.917 Make things for other bitcoin entrepreneurs 00:37:31.591 Ignore non-bitcoiners 00:39:23.370 Bitcoin is like Galt's Gulch 00:40:24.840 We need SPV service and programmers 00:41:17.048 We need bitcoin miners https://bitcoinfiles.org/t/0c9544cf8650794d0221a0b11fec45ed19409e6deef9b3eeeea7ee956cdde7af 00:42:44.725 Accountancy 00:43:48.906 Bitcoiners need to be more realistic 00:44:00.109 Chain-analysis 00:44:53.100 Privacy 00:45:52.254 Crowdfunding on the blockchain 00:48:57.106 What happens if you lose your keys 00:50:09.881 Craig Wright getting stolen funds back https://coingeek.com/craig-wright-begins-landmark-legal-action-to-retrieve-stolen-coins/ 00:51:15.468 Craig Wright's lawsuit 00:52:34.372 Is there a turning point in bitcoin coming? 00:55:19.705 Up next: time https://mises.org/library/time-and-praxeology