In this episode I talk with Brett Scott, author of The Heretic’s Guide to Global Finance and Cloudmoney: Cash, Cards, Crypto and the War for our Wallets.
He also runs the substack Altered States of Monetary Consciousness.
Brett does a lot of work supporting the protection of physical cash, and I reached out to him about an article he wrote “The War On Informality” which explores the implication of financial surveillance by credit cards and private banks.
This is a thought-provoking episode. We explore the Commodity Theory of Money vs Credit Theory of Money, power dynamics, the importance of cash, and more. Brett offers some interesting critiques of certain Bitcoin narratives and provides some alternative frameworks for looking at how money works.
In particular the Credit Theory of Money sent me down some rabbit holes thinking about how money comes into being as a future obligation and how this theory would map on to Bitcoin, which has cemented my thoughts around the critical role of Bitcoin mining and energy use where the underlying Bitcoin and electrical power are both required to be spent to participate in the network (I hope to explore this in future episodes).
Please have a listen and make up your own mind. Brett has been involved in the Bitcoin world for a long time and I think his arguments and critiques are worth interrogating.
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Links:
Brett Scott on X - https://twitter.com/Suitpossum
Altered States of Monetary Consciousness (Substack) - https://www.asomo.co/
The Heretic's Guide to Global Finance: Hacking the Future of Money - https://www.goodreads.com/book/show/17368973-the-heretic-s-guide-to-global-finance
Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets - https://www.goodreads.com/book/show/59314672-cloudmoney
MICA framework - https://www.coindesk.com/learn/mica-eus-comprehensive-new-crypto-regulation-explained/
The War on Informality Article - https://brettscott.substack.com/p/the-war-on-informality
The Landscape of Money: Visualizing Crypto Invasions, Stablecoins & CBDCs amidst the War on Cash - https://www.youtube.com/watch?v=DK1DZlWaiLY
Today I talk with Paul from Bitkiwi who are organising New Zealand’s premiere Bitcoin meetups. This episodes roams across a wide range of topics, from politics and nostalgia for the old days, to the importance and value of real-life Bitcoin meetups.
Blair Walter is the Renewable Energy Leader at Aurecon, a global design, engineering, and advisory firm. He is also the Chair of the New Zealand Wind Energy Association. Blair shares his experience developing and financing renewable energy projects globally, and the opportunities that he sees for Bitcoin mining to accompany the build-out of new energy assets and infrastructure.
Dr Matthew Birchall is a Research Fellow at The New Zealand Initiative. The New Zealand Initiative is a policy think tank conducting independent research on a wide range of issues. We talk about Matthew's report “Paving the Wave: Learning from New Zealand past to Build a Better Future.” The report explores how the country effectively tackled infrastructure projects in the past, and offers guidance on how the country can rediscover this talent.
I talk with Paul from Bitkiwi, who organise New Zealand's premiere bitcoin events. In this episode we talk about how children and young people learn about and interact with money, and how these early experiences can shape their world-view and their understanding of value.
Today I talk with Andy, Dash, and Mike from Tokyo Citadel. The group’s goal is is to move bitcoin adoption, use and knowledge forward in Tokyo. They run a Bitcoin podcast and organise regular meetups and events. In this episode we discuss Bitcoin in Japan and its perceptions by the public, as well as the bitcoin development and innovation that is taking place and what the current economic & political landscape is.