The Block Reward | Real Stories. Real Impact. All Powered by Real Money - Bitcoin

By Scott DedelsTechnology

The Block Reward | Real Stories. Real Impact. All Powered by Real Money - Bitcoin episodes

January 23, 2024 17: Madex ON: How Fiat Money Ruined Art
In this episode of The Block Reward, Scott Dedels, hosts a conversation with Madex about the detrimental effects of fiat money on the art world and the potential for Bitcoin to enact positive change. They discuss the devaluation of art due to the focus on quick sales and volume over quality, and the manipulation of art prices. Madex criticizes the rise of NFTs as a scam, exploiting people's financial insecurities. They explore the ethical issues surrounding financial scams in the art market and the psychological impact on individuals seeking quick financial wins. The episode also touches on the importance of quality and effort in art production, the need for skilled labor, and the use of Bitcoin to incentivize creativity and craftsmanship.
Madex is an artist, mastermind, and revolutionary, as well as the creative director of Bull Bitcoin, the greatest self-custody, Bitcoin-only company on Earth.
What We Discuss:
(00:03:34) Explanation of how Bull Bitcoin enables Canadians to live without a bank account and transact entirely in Bitcoin.
(00:15:30) Bitcoin promotes personal responsibility and accountability which leads to individual sovereignty.
(00:18:24) How fiat money devalues art and promotes rushing the creative process which in turn produces low-quality art.
(00:22:07) Art's role in reflecting the spirit of society, with a critique of modern art's reflection of culture.
(00:23:06) The shift of art as a store of value due to broken money and the resulting impact on demand and creativity.
(00:30:16) Discussion on NFTs as scams and the predatory nature of the art world targeting wealth and insecurities.
(00:36:49) The influence of financial desperation on investment decisions in art, NFTs, and ICOs, and the exploitation of false hopes.
(00:42:03) Discussion on Bitcoin's potential to inspire talented creators to enter the market and produce high-quality work.
(00:51:45) The motivation to be part of a change that brings authentic, durable products back into the world and the challenges in finding skilled laborers.
(01:00:30) Madex shares insights on planning for the future with Bitcoin and the importance of having a personal plan while being open to Bitcoin's surprises.
Episode Resources:
Madex | Website
Madex | Instagram
Madex | X (Formerly Twitter)
1 hr 5 min
January 16, 2024 16: Peruvian Bull ON: The Japanese Maginot Line
In this episode of The Block Reward, host Scott Dedels talks with Peruvian Bull, an expert in global debt markets. They discuss the challenges central banks face with the US dollar's dominance and the growing global debt. Peruvian Bull shares his "Dollar End Game" thesis, examining the implications of the dollar's reserve currency status and the risks of debt expansion. They explore the Federal Reserve's rate hikes, Japan's economic struggles and the abstraction of financial markets. Peruvian Bull also speaks on Bitcoin's potential as a global currency and reserve asset, its adoption, and the role of energy in its growth.
Peruvian Bull is a Peruvian-American scholar, researcher, and educator hailing from the Pacific Northwest. Born and raised in Seattle, he attended a local university where he graduated Magna Cum Laude with degrees in Finance, Economics, and Entrepreneurship. He has studied also in South America and plans to complete a Master's degree at the London School of Economics. He currently works at a private equity fintech firm as an analyst and advisor for financial services.
What We Discuss:
(00:04:40) Peruvian Bull's explanation of the dollar end game thesis, discussing the global reserve system and the potential impact on the US dollar.
(00:09:42) Analysis of the growth of indebtedness and its implications for the US, including interest expense and potential consequences.
(00:20:35) Explanation of how countries defend their currencies, the impact of carry trades and the challenges they face.
(00:21:29) Discussion on Japan's post-World War II economic growth, its 30-year economic malaise, and the Bank of Japan's interventions as well as its attempts to stimulate growth, quantitative easing, and the implementation of yield curve control.
(00:35:49) The interconnectedness of global financial systems, the impact of currency crises on various countries and potential solutions.
(00:40:36) Discussion on the limitations of manipulating the financial economy, the crash impact on financial derivatives, and the sustainability of the current system.
(00:43:32) The layered financial system and the role of the Lightning Network in handling microtransactions.
(00:45:23) The importance of Bitcoin adoption and its potential impact on global monetary systems, focusing on energy as a base commodity.
Episode Resources:
The Dollar Stack | Newsletter
Peruvian Bull | YouTube
The Dollar Endgame: Hyperinflation Is Coming | Book
53 min
January 09, 2024 15: Kevin Coldiron ON: Rise of Carry and The Future of Central Bank Intervention
In this episode of The Block Reward, host Scott Dedels and guest Kevin Coldiron discuss the complex issue of carry trades and their influence on global financial markets. They explore the role of central bank interventions, the challenges of the current economic climate and the need for a reformed monetary system. Kevin shares his perspective on the potential for a post-carry monetary system and the fragility introduced by excessive carry trades. The conversation also touches upon Bitcoin's relevance in addressing these financial system issues.
Kevin Coldiron is a Lecturer in the Financial Engineering Program at U.C. Berkeley’s Haas Business School and host of the Ideas Lab podcast series on the Top Traders Unplugged platform. Prior to joining the Haas faculty he co-founded Algert Coldiron Investors (ACI), a San Francisco-based quantitative hedge fund. He previously headed the hedge fund business at Barclays Global Investors in London and has also worked as a currency market analyst at the Federal Reserve Bank of New York. Kevin has an MBA from London Business School and a BSc in Finance from the Pennsylvania State University.
Kevin is co-author with Tim and Jamie Lee of The Rise Of Carry which was a top-selling investment book on Amazon and awarded the 2020 Globie for Globalization Book of the Year. He has been featured on top podcasts such as Bloomberg’s OddLots and Hidden Forces. He publishes a one-page newsletter called The Ideas Lab: New Ways To Understand Global Markets, which summarizes his writings, interviews and research. His regular articles for Forbes can be found at: Kevin Coldiron's Forbes Articles.
What We Discuss:
(00:03:55) What does the term "carry trading" mean, and what is the impact on the global financial system?
(00:15:12) The impact central bank interventions have on carry trading.
(00:26:11) How carry trades increase liquidity in financial markets and promote the money-ness of various assets.
(00:29:43) The interconnectedness of different central banks and the impact on global markets.
(00:34:29) The yen carry trade, its impact on the Japanese currency and the challenges faced by the Bank of Japan.
(00:42:29) The necessity and structure of central banking in the modern world and the need for a lender of last resort.
(00:48:09) The potential role Bitcoin has to be a solution to the challenges posed by central banking.
(00:53:08) The relationship between inflation, asset prices and the sustainability of the current economic system.
(00:55:31) Exploring the potential future of the monetary system, the role of central banks and the challenges in designing a post-carry monetary system.
Episode Resources:
Kevin Coldiron | Newsletter
The Rise of Carry | Website
Ideas Lab | Podcast
1 hr
January 02, 2024 14: Zac Guignard ON: How Does Gen Z Perceive Bitcoin?
In this podcast episode of The Block Reward, Scott chats with Gen Z economics student, Zac Guignard, to discuss Zac's perspective on Bitcoin. They delve into how Bitcoin is perceived by young people, its potential to solve societal problems and its political implications. Zac shares his journey into Bitcoin and they discuss the importance of education in understanding Bitcoin, the skepticism from faculty members and the potential of Bitcoin to bring about a sustainable energy revolution.
Zac helps steer education for Theya Bitcoin, a Y Combinator backed startup providing the world's simplest #bitcoin multisig and self-custody service. He is also a student of Economics at the University of Victoria, and a prolific writer with his own publication "The Bitconomist” on Substack exploring the economic, social, and environmental impacts of Bitcoin.
What We Discuss:
(00:00:00) Bitcoin is seen as money and a solution to the problems faced by society, such as backward systems.
(00:00:32) Young people, like university students, perceive and engage with Bitcoin differently from older generations.
(00:07:27) The average university student is open-minded and curious about Bitcoin, but education and awareness are needed to clear misconceptions and provide resources.
(00:10:30) How Bitcoin is perceived as politically neutral, and its potential political implications.
(00:11:28) Bitcoin has led to a shift in perspective, with individuals taking matters into their own hands rather than relying on elected officials.
(00:13:31) Insights into the skepticism and lack of understanding among economics professors regarding Bitcoin, plus the potential impact of Bitcoin on traditional economic theories.
(00:21:45) Zac discusses how he approaches Bitcoin conversations with his peers, focusing on meeting people where they're at and addressing the global challenges they care about.
(00:23:18) How Bitcoin can address the lack of optimism about the future by bringing about systemic change and creating a new monetary order.
(00:26:11) The misconception that Bitcoin is bad for the environment and its ability to promote a sustainable energy revolution and mitigate emissions.
(00:33:24) Bitcoin's potential to absorb value from inflated assets like real estate and stocks due to its superior store of value characteristics.
(00:35:59) Zac's journey of getting involved in the Bitcoin industry through his passion for Bitcoin and writing, leading to his role in a Bitcoin company.
(00:38:33) A simple explanation of multi-sig wallets, their enhanced security compared to single-signature wallets, and the concept of collaborative custody.
(00:44:07) The Bitcoin club on campus and the importance of young people taking initiative in the Bitcoin space.
(00:45:04) Highlighting the growth and opportunities in the Bitcoin industry for young people interested in finance, economics and technology.
Episode Resources:
Zac Guignard | Website
Zac Guignard | Twitter
48 min
December 26, 2023 13: Adam Soltys & Cole Goodwin ON: What Is The Lightning Network and How Can It Benefit YOU?
In this podcast episode, Scott chats with Adam Soltys & Cole Goodwin from Coinos, a Vancouver-based company. Adam and Cole discuss their mission to expand the use of Bitcoin and the Lightning Network to businesses globally. They share their individual journeys into Bitcoin and how they teamed up to help businesses accept Bitcoin payments. They discuss the benefits of Bitcoin, the functionality of the Lightning Network, and their strategy for convincing businesses to adopt Bitcoin.
Adam is a software engineer who believes that the adoption of sound money will drive global prosperity. He lives in North Vancouver with his wife, daughter and son.
Cole is a driven individual with a passion for freedom. He came across Bitcoin in 2016 and studied it in depth. Now he wants to introduce the Lightning Network to as many users as possible.
What We Discuss:
(00:00:27) Discussion about the Lightning Network, its benefits for businesses and its role in expanding Bitcoin adoption worldwide.
(00:01:06) Scott's personal experience witnessing a Lightning transaction and the impact it had on his understanding of Bitcoin's innovation and potential.
(00:02:20) Adam and Cole share their backgrounds, how they became involved with Coinos, and their goal of expanding the Lightning Network to businesses globally.
(00:11:14) How Bitcoin operates on the blockchain and why it is trackable.
(00:13:38) What is the Lightning Network? What is the Lightning Network's purpose in making Bitcoin faster and cheaper for transactions?
(00:18:02) Adam and Cole discuss their transition from an early interest in Bitcoin to becoming leaders in Lightning Network adoption.
(00:21:27) How they approach businesses, guaranteeing more sales by accepting bitcoin, and the steps involved in signing them up.
(00:22:56) The setup process for businesses, including providing a QR code, a small printer, and integrating with existing systems like tablets or Shopify.
(00:26:08) Common concerns from businesses, such as how to convert Bitcoin to fiat currency and the volatility of Bitcoin.
(00:31:57) How the Lightning Network can convert businesses to accept Bitcoin and the potential benefits of avoiding inflation and taxation.
(00:33:41) How a group in Brazil set up over 200 businesses with Bitcoin accounts and promoted the use of Bitcoin for everyday transactions.
(00:36:50) Highlighting the active Bitcoin community in Vancouver, including regular meetups, events and efforts to promote Bitcoin adoption among merchants and consumers.
(00:43:19) Resources for learning about the Lightning Network.
(00:45:36) The benefits and process of running a Lightning Node, including taking control of Bitcoin payments and avoiding reliance on third-party payment providers.
(00:49:04) The exponential growth of the Lightning Network, its ability to handle a high number of transactions per second and its potential to become as popular as Bitcoin itself.
(00:52:43) The need for slow and steady growth of Bitcoin to scale and handle the potential influx of users.
(00:53:37) The street videos that Cole is doing where he approaches strangers and asks them about Bitcoin. They discuss how the idea started and the entertaining nature of the videos.
Episode Resources:
Coinos | Website
Coinos Wallet | Twitter
1 hr 2 min
December 19, 2023 12: Larry Lepard ON: Gold, Silver and Bitcoin as Sound Investments
In this episode of The Block Reward, host Scott speaks with Larry Lepard, a career investment manager who focuses on sound money and manages funds related to gold, silver and Bitcoin. They discuss the pros and cons of gold, silver and Bitcoin, the state of the global financial system, inflation and the need for sound investments to protect against currency debasement. Larry shares insights on the potential of a sovereign debt crisis, as well as his journey from being a venture capitalist to investing in monetary metals and Bitcoin.
Larry founded Equity Management Associates, LLC (EMA) in 2006. EMA is an equity investment management firm that invests in growing private and public companies located around the world. Since 2008, EMA has focused on investing in companies that mine the monetary metals, gold and silver. Larry presently serves on the Board of Directors of two development-stage gold mining companies: Lavras Gold Corp. (Toronto/Brazil) and Rise Gold Corp. (California). He has been a frequent guest of many media outlets including Bloomberg Television for his expertise on the monetary metals market. Prior to founding EMA, he spent 13 years at Geocapital Partners (Geo) in Fort Lee, NJ. There, he was one of two Managing General Partners and was responsible for four venture capital funds, aggregating ~$500 million. At Geo, he invested and/or served on the boards of many successful deals including Autoweb, Jackson Hewitt, Netcom, and Realtor.com. Prior to Geo, Larry spent seven years at Summit Partners in Boston, MA and Newport Beach, CA, where he established Summit’s West Coast office. Larry was a General Partner in Summit I and Summit II and invested and/or served on the boards of Chips & Technologies and Software Spectrum, among other investments. Earlier in his career, Larry worked in the Mergers & Acquisitions Group of Smith Barney, Harris Upham & Co.
What We Discuss:
(00:01:10) What are the pros and cons of gold, silver and Bitcoin as they relate to each other?
(00:08:39) The Keynesian economic system flaws, which prioritizes growth over efficiency and fails to address the importance of sound money and correct pricing.
(00:09:30) A broken monetary system contributes to the mispricing of goods.
(00:10:16) Past and present interest rates.
(00:11:18) A collapse and default on debt, or print more money and face massive inflation?
(00:18:52) History of currency debasement in various countries and the potential risk of the US dollar losing value.
(00:20:34) Comparison of gold, silver and Bitcoin as alternative investments to protect against currency debasement.
(00:26:52) Bitcoin's provable scarcity and the benefits and differences compared to monetary metals.
(00:29:30) Bitcoin is unique in that it has a fixed supply. How is this different from monetary metals like gold, which respond to price changes?
(00:35:48) The current stage of Bitcoin's adoption to the early days of the internet and the potential for rapid growth once it reaches a certain adoption rate.
(00:37:06) The potential impact of Bitcoin ETF approval on the market, including the influx of institutional money and the need for easier access to Bitcoin for retail investors.
(00:38:18) Bitcoin has a limited supply and that has the potential to impact the price when lost coins, long-term holders and the amount of tradable Bitcoin available for sale are taken into account.
(00:39:44) Analysis of the current market cap of bitcoin compared to global financial assets, and the potential for significant price increases if even a small percentage of those assets were allocated to bitcoin.
(00:45:15) The risk and potential gains of investing in Bitcoin.
(00:47:03) The concept of holding Bitcoin without the intention of converting it back to fiat currency.
(00:54:18) Understanding the severity of the current global financial system.
(00:55:19) The broken state of the current financial system.
Episode Resources:
EMA | Website
Larry Lepard | Twitter
1 hr
December 12, 2023 11: James Lavish ON: How Bitcoin Can Protect You Against Inevitable Debt Burdens
In this episode of The Block Reward, host Scott interviews institutional investor James Lavish. They discuss the growing global debt crisis, the flaws in the current monetary system, and the potential of Bitcoin as a protective asset against currency debasement. James shares his journey into the Bitcoin space, highlighting its anti-inflationary nature and potential as a global reserve asset. He also discusses the economic situations in Japan and Argentina, the potential emergence of a competing currency, and the global implications of a troubled treasury market. The episode provides valuable insights into the world of Bitcoin and the future of global finance.
James is co-Managing Partner of the Bitcoin Opportunity Fund, alongside David Foley. For the past 15 years, James was the Chief Operating Officer and Risk Manager of LKCM Alternative Management, LLC, a hybrid public and private equity hedge fund unit, investing in a wide range of industries and market capitalization of both public and private companies. Prior to joining LKCM, he was the co-founder and a managing partner of Ranger Arbitrage, a global risk arbitrage hedge fund. From 1998 to 2003, James was Head Arbitrage Trader and served as an officer on the compliance committee for Carlson Capital, a $4 billion global multi-strategy hedge fund. Earlier in his career, James worked in risk and ADR arbitrage for Citigroup and SG Warburg, where he began his career as a trader on the floor of the NYSE. James holds a BA in Political Science from Yale University and is a Chartered Financial Analyst.
What We Discuss:
(00:00:00) How the current monetary system operates, the expansion of money supply, and the impact on the value of the dollar.
(00:01:20) The escalating piles of debt accumulated by governments worldwide, the problem of selling debt on the open market, and the potential devaluation of currency.
(00:11:08) Worldwide debt is increasing. What is the impact on inflation, and what are the deficits created by borrowing?
(00:13:46) Mandatory expenses of the US government, including entitlements, military expenses and interest on debt, as well as how they contribute to the deficit.
(00:19:56) Three main choices to address the debt crisis: cutting spending, raising taxes, or issuing more debt, and the need for perpetual high rates of inflation as a solution.
(00:22:33) How inflation reduces the value of government debt and the benefits it brings to governments.
(00:23:30) How the US dollar became the global reserve asset and the importance of the international market for US treasuries.
(00:25:44) The creation of BRICS and the concerns about the US dollar losing its status as the global reserve currency.
(00:33:21) The economic situation in Japan, including their attempts to create inflation and the challenges they face with their massive debt.
(00:35:18) How Japan has been artificially keeping their interest rates low and the impact it has on their bond market and currency exchange rates.
(00:39:44) The bond vigilantes and their influence on interest rates, as well as the recent eye-opening and alarming treasury auction.
(00:44:06) The hyperinflation of fiat currency, the potential reduction of fiat currencies, and the role of government debt in the monetary system.
(00:44:59) The unsustainability of currency manipulation, the need for a trustworthy asset, and the optimism provided by Bitcoin as a protection against inflation.
(00:46:53) Bitcoin's adoption in countries experiencing hyperinflation, its advantages over traditional assets like gold or silver, and the potential future adoption of Bitcoin as a global reserve asset.
Episode Resources:
James Lavish | Website
James Lavish | Twitter
Bitcoin Opportunity | Website
54 min
December 05, 2023 10: Knut Svanholm ON: Can Bitcoin Bring About A Paradigm Shift In Humanity?
In this episode of The Block Reward, Scott chats with Bitcoin author and speaker, Knut Svanholm. Knut describes Bitcoin as a system that is more expensive to cheat than follow, making it a superior form of money. He believes that Bitcoin's adoption will lead to hyperbitcoinization, where all other forms of money become obsolete. Knut also discusses the concept of Bitcoin being a community, the positive impact of Bitcoin on human development, and the challenges of introducing new people to Bitcoin.
Knut’s books are best described as guided meditations that soothe the experienced and tutors the uninitiated in the ways of Bitcoin. Knut used to have a fiat life as a ship captain and now you may choose him as the captain of your Bitcoin space ark to navigate the stormy seas of fiat imposition and swells of cognitive dissonance. Grounded in logic and unbound in spirit, Knut offers something for everyone.
"We have plenty of pessimism and outright nihilism in the Bitcoin scene and Knut, using his quick wit and humor, whips up a fresh gust of positivity and optimism to disperse the clouds of misery, letting the rays of infinite optionality, prosperity and love shine through." - Niko Laamanen, CEO of Konsensus Network
What We Discuss:
(00:05:17) Knut explains the concept of hyperbitcoinization, which refers to the idea that as people realize the advantages of Bitcoin, they will gradually adopt and use it as the superior form of money. This process will lead to the obsolescence of other types of money and a paradigm shift for humanity. He also discusses how Bitcoin can act as psychological armor against violence and promote peaceful interactions.
(00:12:04) The adoption curve of successful technologies and how it applies to Bitcoin, with a comparison to the price curve.
(00:13:03) How prices of goods and services have actually dropped over time due to technological advancements, but we don't see this reflected in the monetary system.
(00:17:53) How Bitcoin is backed by human action rather than just energy, and how the decisions and actions of individuals contribute to the functioning of the Bitcoin network.
(00:25:20) Bitcoin creates a collaborative community by incentivizing individuals to promote and help each other.
(00:26:51) As more people adopt Bitcoin as a monetary system, it could lead to a society with less violence and more consensual interactions.
(00:29:26) Knut compares the discovery of Bitcoin to the discovery of an element on the periodic table, highlighting its resistance to replication and its unique properties as a form of money.
(00:36:56) Releasing the need to control Bitcoin, and instead observe its progress rather than dictate what should be done with it.
(00:37:50) For all of the people who have been fooled by traditional notions of money, it is important to come into the Bitcoin conversation with an open mind.
Episode Resources:
Knut Svanholm | Website
Knut Svanholm | Twitter
The Freedom Footprint | Podcast
43 min
November 28, 2023 9: Michael Dunworth ON: Bitcoin Is Humanity's Greatest Invention
In this podcast episode, Scott interviews Michael Dunworth, Bitcoin enthusiast and Co-Founder and former CEO of Wyre Payments. Michael shares his insights on Bitcoin's potential to change our understanding of money, information and communication. He discusses the concept of proof of work and proof of stake, and compares Bitcoin's unchanging nature to its strength. Michael also talks about the concept of locking energy into the future, creating incentives for collaboration and securing the Bitcoin network. He reflects on the transformative power of Bitcoin and its potential to change the world.
What We Discuss:
(00:06:43) The flaws of the current fiat system and the benefits of Bitcoin in preserving value.
(00:09:57) The value system of Bitcoin and the importance of not trying to impose personal values on it.
(00:11:53) How predictability affects risk, and the importance of being certain when making decisions.
(00:17:36) What are the two consensus mechanisms? Michael and Scott compare them and discuss which of the two is more sustainable and reliable.
(00:21:48) How Bitcoin's unchanging nature is backed by the amount of energy going into the network.
(00:25:37) Comparing Bitcoin to a monster that can't be stopped.
(00:30:58) The importance of cryptographic security in determining whether information is real or fake.
(00:35:46) The concept of Bitcoin as a time machine where each block represents a moment in time, and the potential of storing value in an indestructible material like Bitcoin.
(00:41:46) Encouraging collaboration among Bitcoin miners by locking coins into the future.
(00:52:10) Observations on how the whole world followed the same protocols and instructions during the pandemic.
(01:01:44) The importance of taking pride in one's work and the value of persistence.
(01:02:52) Reflection on humanity's consumption of resources, comparing it to a parasite-host relationship with the Earth.
(01:08:14) Scott suggests that Bitcoin may be the catalyst for societal advancements and technologies that we currently cannot comprehend or benefit from.
(01:16:03) How Bitcoin is changing the way people think and its inevitable impact on society.
Episode Resources:
Bitcoin Alive | Youtube
Michael Dunworth | Twitter
Bitcoin Is Time Traveling Energy | Bitcoin Magazine Article
1 hr 17 min
November 21, 2023 8: Josh Friedeman ON: How to Integrate Bitcoin Into Your Business
In this podcast episode, Scott chats with Josh Friedeman and discusses the potential benefits of incorporating Bitcoin into businesses. They explore the concept of Bitcoin as a scarce and secure form of money, its potential as a tool to attract forward-thinking employees, and its use as a payment method to eliminate credit card fees. They also discuss Bitcoin's role as pristine collateral for loans, its potential as a balance sheet asset, and strategies for businesses to integrate Bitcoin. The conversation emphasizes the importance of understanding Bitcoin's potential in the current economic climate and its potential game-changing advantage for businesses.
Josh Friedeman has been a Bitcoiner since 2021. While many have the misfortune of buying "altcoins" in hopes of making millions (only to find themselves holding the bags of insiders and institutions), Josh was fortunate enough to run across Bitcoin-only educators first.
The more he learned, the more he wanted to contribute. He has hosted a podcast since 2019 (Life as Leadership). He knew the podcasting landscape, but there were already hundreds (thousands?) of Bitcoin-related podcasts out there.
Josh wanted to add signal rather than noise.
He noticed that few people were talking about how business owners were using Bitcoin. With that in mind, he launched The Business Bitcoinization Show, the first show (to Josh's knowledge) focused specifically on how to use Bitcoin for business growth.
While his efforts increasingly focus on Bitcoin, Josh's day job consists of coaching and consulting business owners to help them grow their businesses - particularly in the areas of leaders, sales, and marketing.
What We Discuss:
(00:03:39) Meet Josh Friedeman, his Bitcoin podcast and business, and his personal journey of understanding Bitcoin.
(00:08:19) Bitcoin as a scarce form of money that preserves purchasing power over time, highlighting its decentralization and security compared to fiat currencies.
(00:11:33) Discussion on the scarcity of Bitcoin and its relevance in the current high inflation environment.
(00:13:46) Explanation of ETFs and their significance in providing exposure to Bitcoin without the need to directly own and custody it.
(00:23:38) The concept of fair money and the potential game-changing applications of Bitcoin for businesses.
(00:27:16) The benefits and challenges involved in businesses offering Bitcoin as compensation to employees and accepting Bitcoin as payment from customers.
(00:37:03) How Bitcoin can be used as collateral for loans, providing easy access to fiat currency without going through banks.
(00:38:21) The potential for businesses to use Bitcoin as an asset on their balance sheets, comparing it to owning rare and valuable property.
(00:43:43) Encouragement for business owners to consider becoming the first in their community to accept Bitcoin, highlighting the potential benefits for their business in the future.
(00:47:09) Three strategies for businesses to incorporate Bitcoin, including mining, using companies that handle the technical details, and selling Bitcoin through a voucher system.
(00:48:08) How businesses can offer discounts to incentivize customers to pay with Bitcoin and suggests using Bitcoin ATMs or voucher systems to make it easier for customers to acquire Bitcoin.
(00:49:17) The importance of attending Bitcoin meetups to connect with potential customers and explore business opportunities within the Bitcoin community.
Episode Resources:
Business Bitcoinization | Website
Business Bitcoinization | Podcast
Josh Friedeman | Twitter
50 min

About The Block Reward | Real Stories. Real Impact. All Powered by Real Money - Bitcoin

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Welcome to The Block Reward Podcast, where real stories meet real impact, all powered by real money—Bitcoin. Each week, we dive into the transformative world of Bitcoin through in-depth interviews with thought leaders, innovators, and changemakers shaping the future of decentralized finance.