Paleo Runner

Daniel Krawisz on Bitcoin and Austrian Economics Part 2

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Sinopsis

00:00:00.000 Daniel Krawisz https://twitter.com/danielkrawisz 00:00:51.045 People don't know the bottom line in bitcoin 00:01:59.657 The nature of success in bitcoin 00:02:38.457 Understanding economics is understanding success 00:03:54.667 Theory vs practice of success 00:04:34.721 Can we understand success by thinking about it? 00:05:33.429 Tradeoffs 00:07:59.852 Economics lets us look at trade-offs in an abstract way 00:08:11.536 Virtue ethics and economics https://plato.stanford.edu/entries/ethics-virtue/ 00:09:24.508 Courage and bitcoin 00:10:36.808 Austrian economics professors lack courage 00:13:14.829 Peter Schiff doesn't understand money https://twitter.com/peterschiff 00:13:22.680 Austrians only think of money as gold 00:14:03.690 What does success mean in bitcoin? 00:14:58.492 How does an entrepreneur join the bitcoin economy 00:16:43.746 Price versus value https://www.google.com/amp/s/www.forbes.com/sites/forbesfinancecouncil/2018/01/04/the-important-differences-between-price-and-value/amp/ 00:19: