Daniel Krawisz on Bitcoin and Austrian Economics Part 2
59 minutes Posted Apr 15, 2021 at 11:04 pm.
.000 Daniel Krawisz https://twitter.com/danielkrawisz
.045 People don't know the bottom line in bitcoin
.657 The nature of success in bitcoin
.457 Understanding economics is understanding success
.667 Theory vs practice of success
.721 Can we understand success by thinking about it?
.429 Tradeoffs
.852 Economics lets us look at trade-offs in an abstract way
.536 Virtue ethics and economics https://plato.stanford.edu/entries/ethics-virtue/
.508 Courage and bitcoin
.808 Austrian economics professors lack courage
.829 Peter Schiff doesn't understand money https://twitter.com/peterschiff
.680 Austrians only think of money as gold
.690 What does success mean in bitcoin?
.492 How does an entrepreneur join the bitcoin economy
.746 Price versus value https://www.google.com/amp/s/www.forbes.com/sites/forbesfinancecouncil/2018/01/04/the-important-differences-between-price-and-value/amp/
.183 Value is what ultimately happens
.918 When you invest in Bitcoin you get access to future entrepreneurs
.453 Marginal utility https://en.m.wikipedia.org/wiki/Marginal_utility
.484 Diamonds versus water paradox https://en.m.wikipedia.org/wiki/Paradox_of_value
.532 Unique insights about marginal utility and Austrian economics
.543 Readability of the Austrian school of economics
.982 Mises https://youtu.be/QwqnRYPcrl0
.507 Hayek https://youtu.be/GTQnarzmTOc
.910 Is economics a science?
.057 Karl popper https://en.m.wikipedia.org/wiki/Karl_Popper
.934 People make choices that maximize their own benefit
.162 Maximize benefit versus achieve girls
.368 Thomas Szasz https://en.m.wikipedia.org/wiki/Thomas_Szasz
.511 BTC price vs value
.548 Subjectivity of various coins
.547 Subjective enjoyment of BTC
.213 Consumer good versus higher order good
.926 Does the Austrian school use circular reasoning?
.595 Form next time: profits and the entrepreneur
.327 Socialist calculation problem
0:00
59:54
Show notes
This podcast uses Anchor (from Spotify) for stats, tracking, and dynamic audio. Learn more on this podcast's About tab. Dynamic Audio may cause this episode's timestamps to be slightly off.