Bitcoin and US Geopolitical Strategy | The Jason Lowery Series | Episode 5 (WiM149)

Jason Lowery from the US Space Force joins me for a multi-episode series exploring the first principles of physics, the ubiquity of organic power projection, and how Bitcoin changes the game. Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/ GUEST Jason's Twitter: https://twitter.com/JasonPLowery 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?si=wgVuY16XR0io4NLNo0A11A&nd=1 RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript: OUTLINE 00:00:00 “What is Money?” Intro 00:00:08 “Operational Effectiveness” vs. “Competitive Strategy” of Bitcoin Mining 00:04:42 Competitive Strategy is Detected by What the Opponent is Not Doing 00:08:59 The Point of Defense is to Increase the Energy Footprint of the Network 00:11:34 Proof-of-Stake vs. Proof-of-Work 00:16:11 In the Event of a 51% Attack on the Bitcoin Network… 00:20:45 The Glaringly Obvious Problems with Proof-of-Stake… 00:26:35 Bitcoin is a System that Turns Anyone’s Self-Interest into Everyone’s Self-Interest 00:31:28 Good Engineering Involves Discovering and Respecting the Constraints of Nature 00:35:56 How to Engineer a Good Monetary System 00:39:55 The Inevitable Engineering Failure of Any Mass-Based Money 00:44:09 “Nature, to be Commanded, Must be Obeyed” 00:45:33 NYDIG 00:46:41 Before Bitcoin, We Could Not Engineer a Money in Harmony with Human Nature 00:49:40 Properly Framing the Security Properties of an Engineered System 00:53:59 The Epistemological Model of Security Failures (What Gets Measured, Gets Done) 00:58:55 Factoring in the Ethical, Moral, and Design Considerations of Engineered Systems 01:02:23 The Strategic Significance of Bitcoin 01:06:26 Bitcoin as a New Schelling Point in the Infinite Game of Power Projection 01:09:44 The Immense Sacrifices Inherent to Establishing Control Structures over Property 01:13:26 Bitcoin as Leading Contributor to the Future of Property Defense 01:16:39 Adopt New Military Schelling Points Voluntarily, Otherwise They Will be Imposed 01:18:10 The Dangers of Ignoring Disruptive Technology: Why the USG Should Buy Bitcoin 01:23:00 Bitcoin as a Permanent Feature of the Competitive Terrain of the 21st Century 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?lang=en All My Current Work: https://linktr.ee/breedlove22​ WRITTEN WORK Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTE 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 Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528 The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true RECOMMENDED BUSINESSES Worldclass Bitcoin Financial Services: https://nydig.com/ Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217 Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/ Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/ Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack