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/allenf32 Sacha’s Twitter: https://twitter.com/sacha_meyers // SPONSORS //  In Wolf's Clothing: https://wolfnyc.com/ NetSuite: https://netsuite.com/whatismoney iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ CrowdHealth: https://www.joincrowdhealth.com/breedlove 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