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Max Hillebrand

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2024-05-01
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2024-05-01
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  1. “For a long time, I thought, hey, I should probably go more deep into the technical side of it. But then I realized that there's a huge need for people who just know a lot about economics and system design, et cetera.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  2. “I'm really passionate about all of them because they're all amazing projects. The thing is, I'm not a software developer. I come much more again from the economic side of it. And to this day, I still don't write a single line of code.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  3. “Exactly. It is very anti state, very radically pro-liberty and pro-human freedom and flourishing and private property. And very condemning of any excuse of theft whatsoever. And if you do not have any excuses for theft, a lot of people are going to be angry with you because unfortunately in today's society, theft is everywhere. And there's a lot of people who benefit greatly at the expense of others when there clearly is no reason that this should be the case.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  4. “Because it was like, oh, this is a bit rough, but when you actually read it, like, yeah, it's rough, but it's true. Because it's very”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  5. “As well as theft and different forms of production stages, credit, money, interest rates, all of these. It's extremely, extremely thorough. Rothbard has a beautiful logic and a very approachable prose. It's a joy to read. He's hilarious. Rothbard is so funny and sometimes it clearly shows. And the footnotes, also incredible. Like the amount of references and research and link to other monumental treaties of economics, not just in the Austrian school, but also very thoroughly debunking all other claims of economic science in different thoughts. It really is a fascinating book. With the final part, power and markets, it goes really deep into anarcho-capitalist thought and goes quite radical. So radical, in fact, that it got for the very first print, the very first edit that was published simply because”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  6. “Yeah, yeah, Rothbard is a great historian. His series on the American foundations with conceived and liberty is outstanding. He's a fantastic philosopher and moral speaker with things like ethics for liberty. But he's also a probably the greatest economist. And I think that his work with man economy and state absolutely shows this. It is a theoretical treatise. It starts from the very beginning on the theory of thought itself, so to say, and on how to think about economics. It lays out the axioms, very similar to Mises has done. And then it deduces basically everything in the economic realm from there on out. So the theory of the isolated individual and why we save and why we consume and such like this, as well as then the theory of the collaborative individual, right? People working together. So trade is analyzed.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  7. “Of people does not. And so this is basically a government apparatus where we have some people taxing and price controlling others so that they can manipulate how the resources and choose how these resources can be allocated. And finally, the third solution is a private property solution where the person who has created or homesteaded the resource gets to use it and own it and he can transfer the legal ownership of this good to someone else via a gift or via a contract for a certain price. And the price of this transfer gets to be mutually agreed upon by both the original owner as well as the acquirer of this good. And so property rights, contrary to slavery or communism, leads to an actual productive allocation of resources.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  8. “So the problem is that humans have desires. Again, we live in a state of uneasiness and we want to solve them. But getting to that solution requires the use of scarce resources. So what are scarce resources fundamentally? There are those which can only be applied to one specific use case at one specific time. If you have a stake, only Preston can eat it or I can eat it. There is just in our universe no reality where both of us can eat the same piece of steak. That just doesn't happen. And so this means there's a fundamental conflict over who has the right to control those resources, like who gets to eat the steak. And there are fundamentally three different solutions. Nobody owns it. That's basically complete chaos, right? We cannot do anything. Everything is a conflict. Then the other solution would be some class of people gets to decide who gets to use these resources and another class.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  9. “Value free, where he was very clearly stating that this is just about causal consequences and not about in ethics. We cannot say that minimum wage is bad. We can just say that a minimum wage will lead to unemployment. But saying that it is bad, making this value judgment is not the task of an economist. But with Hape, introducing on top of the action axiom, this argumentation axiom, actually enables us to deduce an ethics. And we can clearly and correctly state that a private property society ought to be.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  10. “Stumbled upon Mises and then later Murray Rothbard. And after that, finally, Hans Hermann Hoppe. And Hoppe is a logical genius. And he has, in his book, economic science and the Austrian method, he lays out a second axiom that is extremely useful, and that is the axiom of argumentation. And that humans have the capacity to understand what the truth. And they can argue with each other to find it out. And they can make precise claims on logical falsities. With this, ultimately, we can deduce an entire science of ethics, a logically deduced and objective morality. What Hobby here basically has achieved, something that for 2,000 years was unanswered. Can we derive an odd from an is? And this has always been deemed impossible, but builds on top of the action axiom and everything that we could deduce in economics. And in Vermes always stated,”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  11. “We do it because it's mutually beneficial. And what is money? And what's the difference between base money and credit money? And what is credit? And why do we produce and such? How do we manage this gigantically complex thing that is the economy? All of these things can later be deduced. But Jesus was very clear in stating the logical starting point, which is human action. And that's what praxeology means, by the way. The logic of human action proxos.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  12. “Yeah, so here the book I would recommend is Dodrik van Mises' Theory and History. It's a bit later where he really goes deep into the fundamental way of thinking about economics and which questions we ought to ask and which starting points we should have. And he is most known for perfectly articulating the logical starting point, the axiom of human action, humans act. They're in a current state of uneasiness. They have problems. and they can allocate their scarce resources, their time and their capital to alleviate these problems and fix them. And doing this, fixing problem for yourself and for others is ultimately the entrepreneurial task. And that is a starting point that explains any single individual just analyzing isolated, just the way that you work as a human. But then also this can later be deduced for how humans work together, what exchanges.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  13. “Yeah, for sure. I knew nothing back then. I still know nothing But, like, you know, especially, like, I thought I knew a thing or two about economics until I got into Bitcoin, which realized that, no, I knew nothing. Another really humbling experience was going to the Mises Institute for a Mises University one summer in Auburn, Alabama. And there was a course on economics with a test afterwards. And I went in and was thinking like, oh yeah, I'm going to ace this. It's going to be easy. But no, I barely passed. It was really, really tough. And the nuances of praxeology are really difficult.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  14. “Really, just understanding on why should I make money, why should I do a business and get a job, basically? That's something that's counterintuitive to some extent. So especially when you experience it, you just want to learn a bit more.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  15. “So I started working when I was around 10. And really got into the theory part of it at around maybe 12, 13-ish. And then, yeah, Austrian economics came, I think it was 15, 16. You know this is not.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  16. “Very thankfully, my mother pushed me into child labor quite early on. And I say that lovingly because it's awesome to be productive for people. And that's exactly what she encouraged me to do. So very early, I got interested in the science of entrepreneurship and what it means to do business and to make money. Then on my own, looked into a couple different schools of thought that were available. And Keynesian Economics, Chicago School, et cetera, they don't really make that much sense. So I kept looking until I found the Austrian School of Economics and Praxeology, which is just a correct explanation of how the economy functions and explains so much so easily, so effortlessly. And that really enthralled me. And so I studied Austrian economics long before I went into Bitcoin. And that kind of gave me a head start in some of these aspects.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  17. “Yeah, likewise, Preston. I'm really excited for this one. You've been doing a great work with spreading the good word about Bitcoin. So really honored to be part of the show.”

    2024-05-01 · We Study Billionaires · BTC180: The Current Challenges Bitcoin Faces w/ Max Hillebrand (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT