The Nature of Money and Bitcoin with Robert Breedlove (WiM363)

In this episode with Scott McBlane, we discuss the nature of money, the attributes of ideal money, the central bank of central banks, and why Bitcoin is the closest thing to perfect money humans have ever had. Scott McBlane is the host of the YouTube channel called Scott McBlane. Twitter: https://twitter.com/scottmcblane Youtube: https://www.youtube.com/@ScottMcBlane// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:33 - Intro 00:02:06 - Helping Lightning Startups with In Wolf's Clothing 00:02:52 - Introducing Robert Breedlove 00:03:38 - Learning the Nature of Money 00:05:13 - Introduction to The "What is Money?" Show 00:07:03 - Language and Money 00:10:52 - Money: A Medium of Exchange for Human Action 00:14:19 - Imperfection of Money 00:16:03 - Money is a Tool 00:17:33 - Attributes of Ideal Money 00:18:58 - Global Economy is a Complex Adaptive System 00:22:15 - Origins of Money and Division of Labor 00:25:34 - Money is a Primary Part of Civilization 00:28:01 - Government Didn't Create Money 00:31:40 - Money is the Most Tradeable Asset 00:32:43 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:33:39 - The Barter Problem: Non-Coincidence of Wants 00:38:20 - What is the Bank for International Settlements 00:41:50 - Organized Corruption of Money 00:45:16 - The Money Printing Machine 00:47:33 - The Need for an Immune Money to Counterfeiting 00:48:30 - The Problem with Gold 00:51:04 - Bitcoin: The Ultimate Uncounterfittable Money 00:53:05 - Like Zero, Bitcoin is an Absolute Innovation 00:54:51 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:55:43 - Quality of the Money Dictates Its Transaction 00:57:51 - People Want Specific Outcomes of the Goods 00:59:42 - Five Useful Properties of Money 01:02:32 - Properties of Money Determine its Purchasing Power 01:05:31 - Why Bitcoin is the Perfect Money 01:09:49 - Bitcoin: The Invention of Pure Money 01:13:07 - Experience of Meeting Jordan Peterson 01:18:13 - Fix the Money, Fix the World// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22