Welcome to the Bitcoin Basics Podcast, member of the Better Human Podcast network. We are focused on helping you understand how revolutinoary Bitcoin really is.
The show covers the fundamental concepts of money, history, economics, and human nature as well as interviews with non-bitcoiners so you can understand Bitcoin from first principles.
I’m Your Host Colin Stuckert of The Better Human Company, and I believe Bitcoin is the ultimate Trojan horse for freedom that is going to bring financial sovereignty to 8 billion humans. As a Freedom Advocate, I believe Bitcoin is our best chance at a better future, so I’m doing my part to help us get there.
Get all the updates over at Colin.coach and subscribe on your favorite podcast app and check us out on YouTube.
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💡 Today's Big Idea
Cantillon Effect: it’s absolutely disgusting
Washington was aware of the wealth inequality that is created from fiat monetary expansion. This phenomenon was observed by economist Richard Cantillon and is known as the Cantillon Effect. He proposed that rising prices occur in different sectors of an economy at different times. The first sectors to receive newly created money can spend it before prices have risen, while each subsequent holder of the money must spend it with prices having already risen. This is analogous to the Roman government’s coin clipping. The government first spent their coin clippings before prices rose, while agricultural laborers spent it after prices had risen. Today those who receive the money first are the largest banks. This money goes out in loans to, mostly, companies. Eventually, it is the wage earners who receive it from those companies. The banks trade the new money while prices are still low, and the wage earners trade it after prices have risen.
Another way to think about this is that those who are furthest removed from interaction with financial institutions end up worst off. This group is typically the poorest in a society. Thus, the ultimate impact on society is a wealth transfer to the wealthy. Poor people become poorer, while the wealthy get wealthier, resulting in the crippling or destruction of the middle class.
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Our Mission it To Build sovereign individuals and communities through Bitcoin and education so those that need access to the global economy more than anyone can actually benefit from humanity’s prosperty so they can then take their destiny into their own hands rather than having to rely on Western’s.
Mission: Bring financial sovereignity to humanity through bitcoin-focsued education by getting a pre-loaded device with a FREE Eduction, courses, videos, and instructions on how to use the lightning network.
Unsound money ENSLAVES humanity - problem we are solving? Multiple. We are giving access to the global ecomoy, the creator economy to those that need it most - the simple ability to accept payments for work rendered gives agency and ownership to individuals instead of them having to rely on DOLE/Charity.
Sound money → When the US gov prints money, the elite get richer, asset owners get richer, the poor and middle classes in AMERICA and the rest of the world get poorer. Their earning power is now less. Their savings is now less. Their ability to get ahead is now less likely.
Those living under crumbling jurisidcations, war-torn areas, tyrants, socialism, communism, and other terrible ideas that are still used by those in power ot enslave others, need sound money. Bitcoin is the best chance they have to protect thier wealth from governments and theft.
Bitcoin surpasses outdated monppolies thathave been praying on the poor, like Western Union, with their high fees and slow payments or their outright shutting down in a place like Afganistan and Cuba, places where humans need money from relative the most, where they can starve to death.
Disburse phones with EDUCATION + Guides translated to show how to join the Bitcoin network. We want to encourge hodlers yes, but also lightning users if needed.
Include Videos, Guides, How to, things that support people in different areas, from nutrition, to physics, engineering, etc.
For places that dont have it + education on lightnign wallets and usage for africans and south american
Small communities in places with hyper-inflating currencies that need access to the hardest money in existence