Curing The Plague Of Shitcoinery W/ Thib Maréchal: Bitcoin Magazine
In this episode of the Bitcoin Magazine Podcast, CK sits with Thib Maréchal to discuss the history of money printing and how Bitcoin offers humanity a solution to this great plague. Thib, who works at Bitcoin custody provider Knox, expands on his recent article for Bitcoin Magazine on seigniorage, the long history of money printing and the importance of Plan B.
"In this brief essay, we will try to dissect the fundamentally flawed nature of alternative digital currencies, observe bitcoin as a pragmatic monetary evolution in contrast to shitcoinery’s 'technology revolution' narratives and will attempt to demonstrate that Bitcoin is not only the only genuine possibility of divorcing money from the State, but that this paradigm shift is already quite advanced and inevitable,' as Thib writes in the article.
Make sure that you read the original article here: https://bitcoinmagazine.com/articles/the-great-plague-of-shitcoinery
Topics covered in this video include:
Defining seniorage
Bitcoin as a decentralized monetary mint
The fight to control the money printer
The technology narrative vs the monetary narrative
Sound money and time preference
Timestamps:
00:25 - 1:08 Thib on Bitcoiners
6:54 - 9:15 what is seigniorage?
9:44 - 12:22 Bitcoin as a decentralized mint
16:05 - 17:29 the only thing that differentiates currencies today is the monetary policy
21:36 - 25:32 The tech v monetary narrative
27:52 - 28:47 everyone is wrong about bitcoin
28:50 - 30:46 falling for the tech trap
34:26 - 35:43 Bitcoin is the global settlement layer for money.
38:47 - 40:21 Bitcoin trading time is picking up.
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