Centralized Law vs Decentralized Law with Stephan Kinsella (WiM099)

Stephan Kinsella joins me to discuss the nature of centralized law legislated by fiat in comparison with decentralized law discovered through the observation of human action across time. Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/ GUEST Stephan's Twitter: https://twitter.com/NSKinsella Stephan's Website: https://www.stephankinsella.com/ 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 Exploring the Meaning of Legislative “Law” 00:09:40 Possession is 9/10ths of the Law 00:16:43 Corruption in Law Making & Money Printing 00:20:30 Is Coercion Inherent to Fiat? 00:26:44 Bitcoin Replacing Fiat Standards? 00:30:00 The Basics of Human Action and Property 00:36:17 Is Bitcoin Property? 00:44:25 NYDIG 00:45:34 Does the Nature of Legal Disputes Change Under a Bitcoin Standard? 00:51:42 Custodial Aspects of the Fractional Reserve Banking System 00:57:49 Bitcoin Lending & the Threat of Rehypothecation 01:03:25 Does Bitcoin Disincentivize High Risk Human Action 01:08:37 Morality Under a Bitcoin Standard vs a Fiat Standard 01:18:11 Centralized Legislation Contributes to Uncertainty 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/ Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22