Podcasts Technology The Bitcoin Frontier Bitcoin is valuable because its censorship resistant with Andrew Bailey

Bitcoin is valuable because its censorship resistant with Andrew Bailey

Published: July 9, 2024, 2:33 p.m.

In this episode, Andrew Bailey, author of Resistance Money, explores the philosophical foundations of bitcoin and its role as resistance money. He discusses the need for resistance in today's socio-economic landscape, who benefits from it, and why he wrote another bitcoin book. Andrew argues for bitcoin's adoption based on more widely held beliefs and examines its value in a censorship-free world. He addresses the role of privacy, bitcoin's future, and the importance of self-custody versus centralized custody. The conversation also covers the ossify versus non-ossify debate, personal reputational risks, its political impact, and its biggest risks.


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TIMESTAMPS:

00:00:00 Introduction

00:01:24 What is Resistance Money?

00:02:17 Andrew\u2019s philosophy background

00:04:46 What do people need to resist?

00:07:52 Who needs resistance money?

00:10:58 Why write another bitcoin book?

00:12:38 Arguing for bitcoin from more widely held beliefs

00:14:37 Is bitcoin valuable if there is no censorship?

00:15:47 How does philosophy help us understand bitcoin?

00:19:49 Bitcoin as an alien technology drop

00:21:36 What\u2019s the role of privacy and money?

00:23:32 Can there be too much privacy?

00:27:05 Bitcoin is a new tool in today\u2019s reality

00:28:00 Where is bitcoin in a decade?

00:31:59 How can we accelerate self-custody adoption?

00:33:55 What\u2019s the concern with centralized custody?

00:37:35 Ossify vs not ossify fork

00:42:56 Risking your reputation talking positively about bitcoin?

00:46:23 When will bitcoin become not fringe?

00:48:53 How might bitcoin transform politics?

00:52:46 Biggest risk to bitcoin?

00:55:27 What\u2019s something you believe about bitcoin that many bitcoiners would disagree with?

00:56:45 Closing thoughts

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\u2192 Joe Burnett\u2019s Twitter: https://twitter.com/IIICapital

\u2192 Andrew Bailey\u2019s Twitter: https://x.com/resistancemoney

\u2192 Andrew\u2019s book: https://www.resistance.money