The "What is Money?" Show

Centralized Law vs Decentralized Law with Stephan Kinsella (WiM099)

Episode Notes

Stephan Kinsella joins me to discuss the nature of centralized law legislated by fiat in comparison with decentralized law discovered through the observation of human action across time.

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GUEST
Stephan's Twitter: https://twitter.com/NSKinsella
Stephan's Website: https://www.stephankinsella.com/

PODCAST
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Exploring the Meaning of Legislative “Law”
00:09:40 Possession is 9/10ths of the Law
00:16:43 Corruption in Law Making & Money Printing
00:20:30 Is Coercion Inherent to Fiat?
00:26:44 Bitcoin Replacing Fiat Standards?
00:30:00 The Basics of Human Action and Property
00:36:17 Is Bitcoin Property?
00:44:25 NYDIG
00:45:34 Does the Nature of Legal Disputes Change Under a Bitcoin Standard?
00:51:42 Custodial Aspects of the Fractional Reserve Banking System
00:57:49 Bitcoin Lending & the Threat of Rehypothecation
01:03:25 Does Bitcoin Disincentivize High Risk Human Action
01:08:37 Morality Under a Bitcoin Standard vs a Fiat Standard
01:18:11 Centralized Legislation Contributes to Uncertainty

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