The Relationship of Money and Culture | Bitcoin is Venice Series | Episode 4 (WiM384)

Allen Farrington and Sacha Meyers join me for a multi-episode conversation exploring their book "Bitcoin is Venice." In this episode, we discuss the nature of capital and its connection with culture, the effects of Bitcoin on culture and ethics, and how the Bitcoin standard changes the primary incentive structure under which mankind operates.Allen Farrington and Sacha Meyers co-authored the book "Bitcoin is Venice". // GUEST // Book: https://store.bitcoinmagazine.com/collections/books/products/bitcoin-is-venice Allen’s Twitter: https://twitter.com/allenf32Sacha’s Twitter: https://twitter.com/sacha_meyers// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00:00 - Coming up 00:00:47 - Intro 00:02:21 - Helping Lightning Startups with In Wolf's Clothing 00:03:07 - Definition of Capital 00:06:59 - The Origin and Nature of Capital 00:10:36 - Subjectivity and Marginal Revolution 00:13:16 - Keynesian Economics vs. Real Economics 00:15:09 - Labor Theory of Value 00:19:07 - Error in Keynesian Economics 00:22:00 - Origin of Modern Keynesianism 00:27:21 - Run Your Business from Anywhere with NetSuite 00:28:26 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:29:23 - Relationship Between Capital and Culture 00:35:50 - Is Mythology a Form of Capital? 00:41:03 - Different Ways of Knowing 00:44:55 - Feedback Loop of Capital Forms 00:47:35 - How Does Bitcoin Affect Culture 00:50:10 - How Bitcoin Fixes Lying 00:55:13 - Dynamism of Culture and Consumption of Capital 01:00:00 - Take Control of Your Healthcare with CrowdHealth 01:01:02 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:01:53 - Bitcoin Connects Ethics to Economic Incentives 01:04:43 - The Intention Behind Bitcoin’s Discovery 01:07:40 - Bitcoin Incentives vs. Fiat Incentives 01:15:18 - Luxury of Ethics 01:19:12 - Requirements for Creating Capital 01:22:35 - Where to Find Allen and Sacha on the Internet// 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/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars 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/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22