The "What is Money?" Show

Praxeology: The Study of Human Action with Knut Svanholm (WiM332)

Episode Summary

Knut Svanholm joins me to discuss the nature of human action, what is money, the inadequacy of our language, and the incentives of Bitcoin.

Episode Notes

Knut Svanholm joins me to discuss the nature of human action, what is money, the inadequacy of our language, and the incentives of Bitcoin. 

Knut Svanholm is an author, former tall ship sailor, singer, and crew manager at an offshore shipping company. 

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// OUTLINE // 
00:00:00 - Coming up 
00:01:04 - Intro 
00:02:37 - Helping Lightning Startups with In Wolf's Clothing 
00:03:23 - Introducing Knut Svanholm 
00:04:05 - The Inspiration behind Knut's New Book 
00:05:48 - The Relationship of Science with Empiricism and Rationalism 
00:07:13 - The 'Men Must Act' Axiom 
00:09:26 - The Conflict of Purpose and How Bitcoin Neutralizes It 
00:13:18 - The Assumptive Foundations of Mathematics 
00:15:27 - Bitcoin: Where Map Defines the Territory 
00:17:56 - Bitcoin is Dependent upon Human Act 
00:21:00 - The Distinction between Hodling and Saving 
00:24:35 - The Inadequacy of Language 
00:26:45 - Identifying the Data on the Time Chain 
00:29:45 - Defining Purpose and Its Relation to Tools 
00:33:47 - Action Based on Subjective Valuation 
00:37:08 - How Money Redefines Our Rationality and Language 
00:39:22 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:40:19 - Maximize Your Profits with Gold Investment Letter 
00:41:15 - Take Control of Your Healthcare with CrowdHealth 
00:42:17 - The Flaw in our System 
00:44:32 - Decreased Rational Argument and Increased Physical Confrontation 
00:46:24 - Modern Civilization is a Result of Free Market 
00:48:56 - The Moral Dimension of Human Existence 
00:52:24 - The Significance of Property Rights 
00:54:44 - Fiat Money Breaks The World 
00:57:45 - How Bitcoin Redefine Regulation 
00:59:52 - The Incentives of Fiat Money 
01:01:50 - Corruption of Money and its Correlation with Bitcoin 
01:07:55 - How the Game We’re Playing Leads to Character Development 
01:10:00 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
01:10:52 - Hold Bitcoin in the Most Secure Custody Model with Casa 
01:11:40 - Gradual Transition into the Bitcoin Game 
01:14:51 - The Purpose of Toxicity in Bitcoin Adoption 
01:17:54 - The Relation between Economic Incentives and Love 
01:20:18 - The Economic Incentives between Bitcoiners 
01:24:25 - Defining Counterfeiting and its Consequences 
01:28:32 - Government: the Ultimate Counterfeiting Agency 
01:30:01 - There is no Free Lunch 
01:34:45 - The Connection of Money and Reality 
01:36:15 - The Takeaways of Today's Discussion 
01:38:42 - Where to Find Knut's Work

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