Read_669 - Capital Misallocation, Bitcoin Fixes this - Part 1 [Steven Lubka]

November 02, 2022 01:09:56
Read_669 - Capital Misallocation, Bitcoin Fixes this - Part 1 [Steven Lubka]
Bitcoin Audible
Read_669 - Capital Misallocation, Bitcoin Fixes this - Part 1 [Steven Lubka]

Nov 02 2022 | 01:09:56

/

Hosted By

Guy Swann

Show Notes

"Money facilities a system — the economy — that is too complex, too unpredictable and too uncertain to be modeled or reduced to neat quantifiable units. Expanding humanity’s productive resources — capital — requires the acceptance of complexity, uncertainty, unknowns and risk. It’s not a neat or tame process. It’s a wild one. It’s a gang of risk takers spelunking the caverns of the unknown with nothing except their intuitions about future preferences and knowledge of current problems to guide their descent into the uncertainty and the unknowable." - Steven Lubka Today we hit another amazing piece, diving into the first half with the second to come tomorrow, of Steven Lubka's fantastic breakdown of the process of capital and the economy, and how prices and money are the guiding force, made parasitic and destructive through the control of prices and the act of money creation. An essay absolutely packed with knowledge, you don't want to miss hearing how Bitcoin fixes this... Check out the original at the link below, as well as the last piece Steven wrote we covered on this show: https://www.swanbitcoin.com/capital-misallocation-bitcoin-fixes-this/ Read_643 - Bitcoin & The True Meaning of Inflation: https://open.spotify.com/episode/2JKjejgGp66xtEPqsGPzW4?si=KFVs1SJrQUiHE2BO7-lsUg Check out our amazing sponsors and the products that Guy uses most in the space: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) ----------------------- "The quantity of money available in the whole economy is always sufficient to secure for everybody all that money does and can do." - Ludwig von Mises, Human Action Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

July 06, 2023 01:38:27
Episode Cover

Guy's Take #68 - Lightning & the Ai Economy

Ai agents are going to be able to seek out, delegate, and pay for micro services from an ecosystem of other agents & services....

Listen

Episode

April 20, 2024 00:46:13
Episode Cover

Read_815 - What are Mises’s Six Lessons

"If you care about your...country, read Ludwig von Mises and the six lessons of the Austrian economic school." ~ Renato Moicano With a surge...

Listen

Episode

May 04, 2018 00:11:43
Episode Cover

CryptoQuikRead_063 - Atomic Swaps, How the Lightning Network Extends to Altcoins

The Lightning network is a new protocol layer that not only has implications for Bitcoin payments, but could hugely impact many altcoins, decentralized exchanges,...

Listen