This conversation delves into the implications of a recent 51% attack on Monero, the layered architecture of Bitcoin, and the challenges of understanding Bitcoin's volatility and adoption. The discussion also covers the separation of the Federal Reserve from the U.S. government, the historical context of economic policies during the Great Depression, and the shift from the gold standard to fiat currency. The speakers explore the future of money, the role of Bitcoin, and the impact of AI on employment and economic stability.

Mike: YouTube: @BitcoinStraightUp  Nostr: npub1yp4n0rw5sgf9sl4ta0wxfvq9pxc67sf0s3vmfp5l7r5uzleqqrhsyskqykTC: YouTube: @TheRoadToOneBTC X: @TheRoadToOneBTCNostr: npub1ycvsxes7qfrmv897k8uqqfrwvj5efv0f282lxzacrdlglm8c2qrqm7jjgrTip 'The HODLing Room' with Mike & TC:Lightning: [email protected] on-chain: bc1qvk89xjd66frae52g0j70sr093dv4s4020pdf4u
00:00 The Monero 51% Attack and Its Implications

03:02 Bitcoin's Layered Architecture and Privacy Solutions

05:46 Understanding Bitcoin's Value and Market Dynamics

08:30 The Role of Bitcoin in the Global Economy

11:39 Setting Up Bitcoin Nodes and the Learning Curve

14:10 The Future of Bitcoin Services and Local Adoption

15:06 The Federal Reserve and the Nature of Debt

17:03 Gold vs. Bitcoin: The Store of Value Debate

28:27 The Mechanics of Credit Creation

33:25 The Looming Economic Crisis

40:40 The Great Depression and Government Intervention

47:23 The Flaws of Keynesian Economics

55:58 The Shift in Economic Paradigms