August 01, 2023

Bitcoin as Resistance Money with Andrew Bailey - Freedom Footprint 43

1 hour 43 minutes

In this episode, we're joined by Andrew M. Bailey, philosophy professor, Bitcoin researcher, and co-author of Resistance Money: A Philosophical case for Bitcoin.

Our conversation takes a deeper look at the psychological effects of Bitcoin, the journey to Bitcoin, and the concept of green mining. We discuss how Bitcoin can boost self-confidence among long-term holders and act as a safety net in unforeseen circumstances. We also highlight Andrew's journey from his philosophy background and teaching career to becoming a Bitcoin advocate. Finally, we delve into green mining, considering how an incentive structure could encourage eco-friendly practices without state intervention. Listen in as we discuss the trade-offs of green mining and the exciting future of Bitcoin.

Connect with Andrew on Twitter: https://twitter.com/resistancemoney

Follow the progress on Resistance Money at https://www.resistance.money/

00:00:00 - Intro

00:02:49 - Bitcoin as Resistance Money

00:03:22 - What is Bitcoin?

00:06:09 - Introduction to Andrew Bailey and Resistance Money

00:09:42 - The Philosophy of Value and Austrian Economics

00:11:45 - The Nature of Money

00:19:38 - The Complexity of Monetary Theories

00:34:15 - Bitcoin's Impact on Philosophy and Economics

00:43:38 - Bitcoin and Time Preference

00:55:44 - Andrew Bailey's Background and Collaborations

01:01:28 - Exploring Green Mining in Bitcoin

01:19:40 - Thought, the Self and the Simulation

01:26:50 - The Thesis of Resistance Money

01:39:10 - Wrapping Up - Where to Find Andrew

The Freedom Footprint Show is hosted by Knut Svanholm and BTCPseudoFinn. We are concerned about your Freedom Footprint! Join us as we talk to #bitcoin philosophers about how #bitcoin can expand your Freedom Footprint and much more!

The show is sponsored by Wasabi Wallet, the privacy-focused desktop wallet with Tor and coinjoin built in. The coins you send to the wallet are coinjoined through Tor, so when you take the coins out they are private. Visit https://wasabiwallet.io/ and download Wasabi Wallet!

The show is sponsored by Orange Pill App, the social network for bitcoiners aiming to increase hyperbitcoinization in your local area. Download the Orange Pill App today! See https://www.theorangepillapp.com/ for details and connect with them on Twitter https://twitter.com/orangepillapp

The show is sponspored by bitcoinbook.shop, the #bitcoin only bookshop by Konsensus Network. Check out https://bitcoinbook.shop/ for Bitcoin books in more than a dozen languages, both original and in translation. Use code FOOTPRINT for 10% off at bitcoinbook.shop!

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By Knut Svanholm and Luke de Wolf

4.7

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