Recorded 6/24/21

Bitcoin price at the time ~$34,000

Gigi is a well-known Bitcoin author and deep-thinker whose works always push the reader to understand Bitcoin on a deeper level. He does a fantastic job of expressing his thoughts in a way that is easy to consume both verbally and in writing. We cover a variety of topics on this episode including the history of fiat systems, the Bitcoin ban in China, why everyone in the world doesn’t need to understand Bitcoin, the future of the banks, and how Bitcoin relates to time.

Where to find Gigi:

@DerGigi (https://twitter.com/dergigi)

https://dergigi.com/

21 Lessons: What I’ve Learned from Falling Down the Bitcoin Rabbit Hole (https://21lessons.com/)

https://bitcoin-resources.com/

https://www.patreon.com/dergigi

Bitcoin is Time (https://dergigi.com/2021/01/14/bitcoin-is-time/)

1:45 - Gigi’s background

11:30 - Bitcoin and game theory with nation-states

16:30 - The bleak history of fiat monetary systems

31:00 - Bitcoin unit bias

40:00 - China bans Bitcoin

45:30 - The exponential adoption curve of Bitcoin

55:00 - Every single person doesn’t need to understand Bitcoin

1:08:20 - The future of banks in a world on a Bitcoin standard

1:17:00 - Fractional reserve banking

1:21:45 - Money trends towards the cost of production

1:27:00 - Bitcoin is Time

Resources mentioned:

Bitcoin white paper (https://bitcoin.org/bitcoin.pdf)

Swan Bitcoin (swanbitcoin.com/e3)

Cash App (https://cash.app/app/KWJSDQR)

Strike (https://invite.strike.me/21XVVW)

Hope.com

War Games - 1983 (https://en.wikipedia.org/wiki/WarGames)

Island of Yap (https://en.wikipedia.org/wiki/Rai_stones)

Bolivar vs. Chicken (https://www.theguardian.com/world/2018/aug/20/venezuela-bolivars-hyperinflation-banknotes)

When Money Dies (https://www.amazon.com/When-Money-Dies-Devaluation-Hyperinflation/dp/1586489941)

Unchained.com

The Ultimate Resource 2 - Julian L. Simon (https://www.amazon.com/Ultimate-Resource-Julian-Lincoln-Simon/dp/0691003815)