Bitcoin First Principles – Gradually Then Suddenly

In this interview, Peter McCormack, host of What Bitcoin Did podcast, talks to Parker Lewis, Head of Business Development at Unchained Capital. They discuss the principles of money, the propensity of monetary convergence, and why bitcoin obsoletes all other money.

Episode timestamps:

00:00:00 Introduction
00:06:40 Money is a tool
00:09:09 Specialization benefits all
00:14:10 Monetary emergence
00:20:00 Monetary properties
00:24:00 Objective vs Subjective
00:27:00 Intersubjective adoption
00:30:36 Bitcoin obsoletes other money
00:37:28 Bitcoin is perfect money
00:44:00 Conscious monetization
00:51:00 Bitcoin, not blockchain
00:55:53 Everyone feels late
00:59:00 Logic of Concensus
01:11:00 Bitcoin is not backed by nothing
01:24:00 Credibility of 21M
01:29:00 Cost of a dollar is zero

The episode premiered on July 9, 2021.