• Bitcoin is valuable because it’s censorship resistant with Andrew Bailey

  • Jul 9 2024
  • Length: 58 mins
  • Podcast

Bitcoin is valuable because it’s censorship resistant with Andrew Bailey  By  cover art

Bitcoin is valuable because it’s censorship resistant with Andrew Bailey

  • Summary

  • In this episode, Andrew Bailey, author of Resistance Money, explores the philosophical foundations of bitcoin and its role as resistance money. He discusses the need for resistance in today's socio-economic landscape, who benefits from it, and why he wrote another bitcoin book. Andrew argues for bitcoin's adoption based on more widely held beliefs and examines its value in a censorship-free world. He addresses the role of privacy, bitcoin's future, and the importance of self-custody versus centralized custody. The conversation also covers the ossify versus non-ossify debate, personal reputational risks, its political impact, and its biggest risks.


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    TIMESTAMPS:

    00:00:00 Introduction

    00:01:24 What is Resistance Money?

    00:02:17 Andrew’s philosophy background

    00:04:46 What do people need to resist?

    00:07:52 Who needs resistance money?

    00:10:58 Why write another bitcoin book?

    00:12:38 Arguing for bitcoin from more widely held beliefs

    00:14:37 Is bitcoin valuable if there is no censorship?

    00:15:47 How does philosophy help us understand bitcoin?

    00:19:49 Bitcoin as an alien technology drop

    00:21:36 What’s the role of privacy and money?

    00:23:32 Can there be too much privacy?

    00:27:05 Bitcoin is a new tool in today’s reality

    00:28:00 Where is bitcoin in a decade?

    00:31:59 How can we accelerate self-custody adoption?

    00:33:55 What’s the concern with centralized custody?

    00:37:35 Ossify vs not ossify fork

    00:42:56 Risking your reputation talking positively about bitcoin?

    00:46:23 When will bitcoin become not fringe?

    00:48:53 How might bitcoin transform politics?

    00:52:46 Biggest risk to bitcoin?

    00:55:27 What’s something you believe about bitcoin that many bitcoiners would disagree with?

    00:56:45 Closing thoughts

    WHERE TO FOLLOW US:

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    → Joe Burnett’s Twitter: https://twitter.com/IIICapital

    → Andrew Bailey’s Twitter: https://x.com/resistancemoney

    → Andrew’s book: https://www.resistance.money

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