Podcasts Technology Bitcoin Magazine Podcast The Epic of Bitcoin with Allen Farrington

The Epic of Bitcoin with Allen Farrington

Published: June 10, 2021, 5:56 p.m.

Prior to the Bitcoin 2021 Conference, Bitcoin Magazine Podcast host Christian Keroles sat down with keynote speaker and incredible Bitcoin thinker for one of his very first podcasts appearances. This interview covers two of Allen's seminal works and why Farrington prefers to investigate Bitcoin\u2019s cultural and literature alignments over the typical framing of economics, trading and technology.\xa0

First Keroles and Farrington dive into his article The Capital Stripmine. The article is a ~30 minute read and it dives into why the current fiat system is effectively strip mining the US and current financial system of its resources. He compares what is going on in capital markets to the strip mining techniques that have become popular in modern day. Allen laments that because of fiat money\u2019s poor incentives, civilization has taken on a growth at all cost mentality and have thrown away all regard for long term thinking and preservation.\xa0

Second he get into Allen\u2019s blockbuster article Bitcoin is Venice, Bitcoin Is. In this article Farrington, educates the reader about the anomaly that is Venice Italy at is peak. Venice was a magical mixture of a sound money, capitalistic, and free society when many of its neighbors where still operating in futility. Venice in contrast to other large cities was a bastion for the arts, wealth, and thought. Farrington details how Bitcoin\u2019s sounds and fair monetary properties provide a framework for humanity to return back to Venice esc conditions and hopefully prosperity.\xa0

Lastly Keroles and Farrington discuss Allen\u2019s plan\u2019s for his now live Bitcoin 2021 key note presentation titled, The Milk Of Paradise: Bitcoin And The Western Canon. The speech discusses how Western literature, culture, and historical lessons can all be fit into the values and properties that Bitcoin codifies into a physical network on nodes that maintain consensus in a decentralized way. Please enjoy this fascinating conversation with Allen Farrington.\xa0

Follow Allen Farrington @allenf32