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 //
Allen's Twitter: https://x.com/allenf32
Sacha's Twitter: https://x.com/sacha_meyers
Book: https://store.bitcoinmagazine.com/collections/books/products/bitcoin-is-venice

// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
NetSuite: https://netsuite.com/whatismoney
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
00:00:47 - 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/id1541404400
Spotify: 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/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22
All My Current Work: https://vida.page/breedlove22