My name is Brad Mills, I am a Bitcoiner. I'm an average person, I just got into Bitcoin early. I'm not a coder, I look at this space from the point of view of a regular user. I believe BTC is the best form of money. It’s free speech money. Digital Gold. Programmable money for the age of the Internet, uncensorable, peer to peer cash. A new asset class, a store of value. One of the most important open source inventions of our time, gifted to the world by an anonymous creator whose identity is still not known! I fell down the rabbit hole & have been following Bitcoin since 2011. This podcast is my evolving journey in the world of cryptocurrency as I try to reconcile my bitcoin maximalist philosophy & my respect for the Austrian Economic, Libertarian & Cypherpunk roots of bitcoin's creation with the desire to stack BTC by investing in the rest of the space. I hope you enjoy the conversations.
Exploring Brad's Backstory
This is the second episode with Go Full Crypto podcast hosts Keegan Francis and Mrugakshee Palwe. I managed to do an in-person interview with them in my homeland of Cape Breton, Nova Scotia. The major focus of this podcast was on financial literacy and the structure of the financial system. Keegan and Mruga ask me lots of questions on my backstory. I got to tell stories from my past that give my audience an insight into why I have so much conviction for Bitcoin after bootstrapping my own financial wellbeing in my 20's. This was a really fun episode to film and you get to learn about the Bitcoin journey all three of us have been on.
(00:00) - Introduction
(01:48) - Reintroducing Brad
(07:54) - Small Businesses and payment in crypto
(13:17) - Are we trending towards a Bitcoin global standard future?
(22:36) - Long Term Gain vs Short Term Losses, and the value of your money belief system
(37:26) - Canada and Bitcoin
(47:03) - Scarcity of resources, and the credit system
(1:00:29) - Questioning Tax
(1:11:27) - Discussing Regulation, Value, and Modern Monetary Theory
(1:38:52) - What is the way forward? Discussing monetary philosophy
(2:04:52) - The triggers and motivations that push one to understand money
(2:14:34) - Bitcoin Sherpa and Closing Thoughts
Bitcoin Fundamentals with Robert Breedlove
Brad interviewed Robert Breedlove on Real Vision Finance. This episode is a discussion on Bitcoin fundamentals and how they stack up against all the new features and developments taking place on other blockchain and cryptocurrency projects. Robert brings a deep philosophical approach to the topic of finance in general, always supporting his arguments with much needed historical and psychological context. Make sure to listen to the first 10 minutes of this episode, as Brad tacks on a message for his viewers that is not included in the Real Vision version of the episode.
00:00:00: Extended intro from Brad to the audience of MiM
00:10:45: Money comes and goes, but time only goes
00:14:18: Show start
00:16:07: Robert Breedlove Introduces himself
00:19:10: Bitcoin 101 & Inflation is theft explanation given by Breedlove
00:26:30: Bitcoin vs Crypto
00:35:20: Why learn more about Bitcoin? Is it old tech?
00:38:20: Competing with Bitcoin as money. Crypto vs. Bitcoin. Breedlove makes comparisons between Bitcoin vs Ethereum and Blackberry vs iPhone
00:41:11: Analogy of the internet
00:46:30: Is the market rational?
00:54:20: Do your friends take your advice on what to invest in?
00:56:44: Hedging Strategies for Bitcoiners
01:04:50: Are Bitcoin Maximalists Evil? Discussion on how to deal with faster and faster change.
1:12:40: Recommendations for who to listen to in the bitcoin space
1:15:02: End of episode + outro
Coffeezilla on Tether and Bitcoin
Coffeezilla joins Brad to dig into his motivation for creating the "Exposing Tether" video on YouTube. The two discuss historical context behind tether, and the function it provides for the crypto space. Coffeezilla provides a healthy sense of skepticism, and criticism for tether, while Brad drips commentary throughout.
00:00:00 Intro to Coffeezilla
00:07:38 Intro convo between Brad and Coffeezilla
00:10:13 how did Coffeezilla get into the crypto space?
(Analysis of scams)
00:12:45 Coffeezilla getting interested in Tether
00:14:15 Tether’s lack of transparency
00:15:35 what was the biggest scam that Coffeezilla
00:16:50 Coffeezilla’s background
00:18:42 Type of content Coffeezilla covers on his channel
00:20:13 Bitcoin maximalism toxicity
00:23:06 Robert Breedlove and bitcoin
00:27:38 What is Bitcoin’s thesis to Brad?
00:33:11 Coffeezilla’s bitcoin thesis
00:34:56 Facebook, Google, and Surveillance Tech
00:35:40 Centralization in money
00:36:54 Coffeezilla’s opinion on decentralization
00:38:57 Projects before Bitcoin
00:39:33 Will Bitcoin survive regulations?
00:43:00 Executive Order 6102 on Gold
00:44:34 The technology behind Bitcoin and its competitors
00:49:26 How is Bitcoin solving inequality?
00:53:35 Is Bitcoin not subject to Inflation?
00:58:17 Talking about Tether video made by Coffeezilla
01:02:08 Silk Road and Ross Ulbricht
01:08:25 Coffezilla’s and Brad’s opinion on Tether
01:15:38 - Wrapping Up
Bitcoin, Money Printing, and the Economic Problems of Today
Junseth joins Brad Mills for a discussion about economics and finance. Some think that many of the world’s problems can be traced back to the federal reserve, and the printing of money. Junseth makes a cogent argument throughout that things are a bit more nuanced than this perspective would lead you to believe. Many financial concepts are discussed in this episode, making it an ideal listen for those of you wishing to gain a broader understanding of market dynamics and macro economics. Savings, derivatives, Doge, DeFi, and of course, Bitcoin are all discussed within!
00:00:00 - Intro
00:01:22 - Junseth introduction and Bitcoin Conference
00:03:12 - Bitcoin Maximalism vs Crypto
00:05:40 - Junseth’s History with Bitcoin Uncensored Podcast
00:08:00 - How to be a good trader
00:09:36 - Elon Musk to take over Dogecoin
00:11:05 - No Oracles in Bitcoin
00:11:55 - The Mission of Junseth
00:14:58 - DeFi is a lot like a ponzi scheme
00:17:38 - Money and the Federal Reserve
00:19:50 - Junseth says we might be in a deflationary period
00:21:32 - Bitcoin is the thing itself that is valuable
00:23:20 - Applying politics to Bitcoin and modern monetary theory
00:25:40 - Will the government collapse? Or just the dollar?
00:26:42 - Civil war between Conservatives and Liberals
00:28:40 - Bitcoin as an end of the world hedge
00:29:38 - El Salvador experiment conversation about the USD
00:32:20 - Bitcoin reinvents the entire monetary infrastructure
00:35:40 - Making more sense to take on as much debt as possible
00:37:00 - Is inflation real? Is there actually inflation around? Where can we find inflation
00:41:26 - Are salaries rising at the same pace as inflation?
00:43:02 - Quality of life going up over time, easier to buy a good computer for cheaper today
00:45:40 - Where is inflation showing up in the economy?
00:48:50 - Collectibles and Investments in the economy. The power of index funds, and diversification.
00:52:40 - Story of FedEx employee who saved and indexed for 50 years
00:55:25 - Did the federal reserve unwind the quantitative easing that they did?
00:57:00 - Why does the federal reserve target inflation at 2%?
01:00:30 - Managing a portfolio to always be in the asset that is likely to go up
01:02:00 - Who benefits from inflation? Inflation is a tax on foreign companies holding USD.
01:04:40 - People 50 years ago were much more entrepreneurial
01:05:30 - Millennials have more savings than any other generation that has come before
01:06:50 - Renting vs Owning. Can millennials own houses with their current income/wealth level?
01:09:55 - Government Policy is the cause for irresponsible loans
01:11:41 - Putting money in Bitcoin vs stock market in 2011. How much risk would each be?
01:13:20 - Bitcoin is an asymmetric risk. Good opportunity for young people.
01:14:35 - Bitcoin is digital gold, and Brad was buying silver, gold, and also Bitcoin.
01:16:50 - Why does Junseth think Bitcoin is going up?
01:19:00 - How to buy a house with 3% down in Canada vs the USA. Index Funds vs House.
01:27:30 - Brad’s case for why things are not going to continue in the “business as usual” fashion.
01:31:30 - What does it look like for the stock market or economy to take a turn?
01:33:30 - Is there a lot of suffering nowadays?
01:43:01 - Would people care about the economy if they knew how it worked?
01:47:30 - Discussion on Libertarianism, UBI, and Milton Freedman
01:53:22 - Do people hold dollars? Junseth says most people don’t hold dollars
01:58:20 - Discussion on whether or not money printing causes all bad things?
02:04:00 - The morality of how money is made
02:07:03 - Buffet getting a call from the fed when the 2008 crash occurred
02:10:33 - Rich people suffer more during a market downturn
02:14:44 - Kids and graduating college kids are roped into credit card debt
02:17:30 - In depth discussion on brads upbringing, and his experience with debt
02:24:55 - Credit card debt is not collateralized, so you never need to pay
Lightning Network on the Bitcoin Beach Wallet with Nicolas Burtey
The lightning network is not going to build and scale itself. Hard work needs to be put into making sure the lightning network is a safe and secure channel for making payments of all sizes with Bitcoin. Additionally, there are tough usability challenges that need to be solved in order to make the experience of using the lightning network simple for users from any technical background. These are some of the challenges that Nicolas Burtey from Galoy Money has decided to focus on. His company builds the Bitcoin Beach Wallet, a custodial lightning wallet. The Bitcoin Beach Wallet is one of the lightning wallets in use by the now-famous Bitcoin Beach project in El Salvador.
00:00:00: Podcast Start and Introduction
00:03:40: Nicolas’s Introduction and conversation begins by talking about Bitcoin Beach
00:05:50: Nicolas’s backstory as someone who got into VR, then cryptocurrency through Ethereum
00:09:07: Nicholas starts looking into the lightning network from a payments perspective
00:14:32: Investors are sleeping on the lightning network, DeFi attracting Investors through deceptively enticing ROI
00:18:25: What it is like building on the lightning network
00:24:02: Building the Bitcoin Beach community with Michael Peterson
00:27:20: Discussion on Custodial vs Non-Custody Wallets. Wallet of Satoshi is Custodial and acts as a sort of Community Bank
00:29:00: How is the Wallet of Satoshi scaling?
00:31:28: Economics of El Zonte and El Salvador
00:35:20: People trading in El Salvador, should people even try trading?
00:37:38: What does it take to scale the Wallet of Satoshi?
00:40:50: How to help with the Wallet of Satoshi project
00:42:10: Thirty communities have reached out to the Wallet of Satoshi. What is the future of the lightning network in these communities?
00:44:00: Translation of Bitcoin content into various languages
00:47:04: Bitcoin Lessons building bite sized Bitcoin educational material
00:49:52: People travelling to El Salvador to help with Bitcoin education
00:52:01: How to help out with the Wallet of Satoshi. Brief discussion on Proof of Reserves, Liquidity on the Lightning Network.
00:55:00: Outro, thanks and pitch to invest in Lightning Network Companies
Real Vision and Finance with Ash Bennington
In this episode of Magic Internet Money, host Brad Mills invites Coindesk editor Ash Bennington onto the show to talk about Real Vision, Ash’s online web show about the world of finance. The duo discuss Ash’s experience at Coindesk and during the Dotcom bubble in the late 90’s. Brad questions Ash on the part he plays in his own show, most notably as a neutral voice between guests. Ash offers his thoughts on blockchain technology and how the digitization of finance, like everything else digital seems inevitable.
00:00:31 - Introduction
00:04:10 - What is Real Vision?
00:07:32 - How Ash got into crypto
00:15:27 - Differences between financial journalism and media
00:18:18 - Token speculation and securities discussion
00:24:58 - Comparison between blockchains and traditional finance
00:31:33 - Security protocols and blockchain upgrades
00:37:40 - Social media influence on markets, their effects
00:45:03 - Benefits of blockchain technology
00:49:46 - Game theory and governments
00:56:57 - Bitcoin philosophy and related questions
01:01:02 - History of centralized banks and decentralized finance
01:08:05 - Risk and how institutions manage it
01:13:20 - The fed and the pandemic
01:17:00 - “How is the banking system not on the brink of collapse?”
01:28:00 - Reducing cost of goods, rising cost of education, health
01:31:35 - Twitter question for Ash, future speculation and goals
01:37:29 - 2001 bubble analogies, then and now
01:45:08 - Closing remarks
10 out of 10 would HODL again.