The Emerging Bitcoin-Only Industry w/ Jimmy Song & Aleks Svetski
They have a fun conversation about Bitcoin maximalism and principles, how Bitcoin impacts individuals and society, the emerging Bitcoin-only industry, how to incentivize people to run nodes, the macroeconomic impact of Bitcoin, and the Spiral Dynamics model.
Episode summary:
00:00:00 - Introductions
00:02:12 - Building on Bitcoin and the virtues of being Bitcoin-only
00:11:38 - Investing in Bitcoin companies and fighting misaligned incentives
00:16:24 - The influence of VC funding
00:20:13 - Why you should support Bitcoin-only companies
00:31:27 - Bitcoin's toxic immune system
00:44:51 - Incentivizing people to run nodes
00:55:49 - How Bitcoin's economic incentives interact with morality
00:53:31 - The undeniable reality of Bitcoin and Bitcoin as a beacon of hope
01:18:54 - The macroeconomic impact of Bitcoin
01:25:51 - The Spiral Dynamics model
01:32:29 - Closing thoughts
