Where did bitcoin come from? Ever since the mysterious conception of bitcoin following the 2008 financial crisis, people have been trying to figure out who created it and why.
Independent thinker and author Emile Phaneuf is joining Kate Wand on Liberty Curious to discuss the origins of bitcoin and its philosophical implications including the writings of Hayek, Ayn Rand and David Friedman.
Emil writes on matters of money and cryptocurrencies and has spent over a decade working in international business development around the world.
Emile explains that Hayek envisioned how private enterprise could compete with the long-standing government monopoly on money to create better choices for the people. He draws parallels to how bitcoin is an example of decentralization in the information age, and how such technology has the potential to disrupt the status quo.
To begin, we’ll look at the possible motives of Satoshi Nakamoto, the pseudonymous creator of bitcoin.
Emile Phaneuf’s articles are discussed in this podcast:
hayek and bitcoin
Cypherpunks, Galts Gulch and Bitcoin
decentralization and bitcoin
Emile Phaneuf on Twitter
0:00 – Intro
0:23 – The origins and philosophical implications of bitcoin
2:15 – Hayek, Rand and Friedman’s influence
5:06 – The decentralization and disruptive potential of bitcoin
6:43 – Hiding the identity of Satoshi Nakamoto
8:28 – Hayek’s argument for the denationalization of currency
10:02 – Government monopoly and lack of alternative to the public
11:56 – Bitcoin’s algorithmic monetary policy
19:14 – The Machinery of Freedom
25:03 – Parallel financial system
29:26 – CBDC
32:31 – People’s Revolt
44:20 – Full control
47:05 – Final thoughts
Please note that the opinions expressed in this podcast are those of the host and his guests only. They do not necessarily reflect the views of the American Institute for Economic Research. The material presented on this show is for educational purposes only, and should not be construed as financial advice. Enjoy our other podcasts.
Emile Fanuf III
Emil writes on matters of money and cryptocurrencies and has spent over a decade working in international business development around the world. He has a Master in Economics (double degree) from OMMA Business School Madrid and Universidad Francisco Marroquin as well as an MA in Political Science from the University of Arkansas.
He is from the United States but has also lived in Japan, New Zealand and (now) Brazil.
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Kate Wand is a content creator. His focus is on social commentary and filmmaking. She is the host of AIER’s Liberty Curious podcast.
You can follow her on Twitter @katewand.
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