Eric Stacks - Digital Scarcity Creates Abundance | Ep. 66

My guest today is Eric Stacks, a former cannabis producer turned passionate Bitcoin advocate. From his early life shaped by familial challenges to his pivot into Bitcoin after witnessing the inefficiencies of the fiat system, Eric has developed a deep understanding of economic incentives, free markets, and the promise of Bitcoin. Eric shares how his journey began with mistrust of the pharmaceutical industry, leading him to cannabis production and eventually to Bitcoin as a solution to the systemic flaws he observed. His unique insights connect the dots between free-market deflation, economic Darwinism, and Bitcoin’s potential to incentivize ethical behavior while punishing dishonesty. He explains how Bitcoin redefines property rights, empowers individuals, and offers a path to a more sustainable global economy. We also discussed El Salvador’s Bitcoin adoption, governments under a Bitcoin standard, and what a new monetary system would look like. Eric’s vision of an after-Bitcoin world is filled with hope, optimism, and practical strategies for how to navigate the changes ahead. This episode was filmed in El Salvador in Nov. 2024.

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-- LINKS –

Eric’s Twitter: https://x.com/EricVStacks
Eric’s npub: npub1h4397xuvfxne7p6l867j6ygl7cj4qn8j45fygt7hp5v3m5h5543qhms70f
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-- CHAPTERS –

00:00 Coming Up…
01:11 Introduction to Eric & His Background
06:50 From Cannabis & Real Estate to Bitcoin
16:20 Business Consulting & Putting Bitcoin on the Balance Sheet
18:17 The Fiat Paradigm, Patents, and Misaligned Incentives
22:17 The Paradigm of “You’ll Own Nothing & Be Happy”
28:36 Coming Out of “Scumbaggery”: A Rotten System
36:56 Economic Darwinism: Bitcoin in Politics & Institutional Takeover
44:58 KYC Bitcoin, Privacy & Anonymity
48:52 El Salvador's Bitcoin Journey & Relocation Opportunity
57:29 Deflation Is The Natural State of a Free Market
1:06:12 The Silent Revolution of Bitcoin: Hope and Ethics
1:18:57 The Future of The Monetary System on a Bitcoin Standard
1:21:38 Final Thoughts