YouSaid · the spoken record

Robert Breedlove

lines on the record: 246
first: 2021-04-17
most recent: 2021-04-17
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Intended to be here's another definition of money as an insurance policy against uncertainty. So no matter what problems you encounter in the world, this money will best help you deal with those problems. When that insurance policy against uncertainty is injected with uncertainty, it's polluted with uncertainty of inflation, your time horizon shrinks, your ability to plan long term shrinks. And this impinges on social morality. So there's a great book on this called Honest Money by Gary North. And in that book, he gives the parable of the winemaker. The winemak Just imagine the hypothetical winemaker operating a business and essentially banked economy. And let's say his central bank just doubled the money supply.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“We just say that your time horizon is closely related to your morality. The longer term thinking you are, the more moral you would tend to behave, the more you would care about long-term relationship building versus going out and getting wasted. And money too impinges very closely on our time preference. And again, time preference is the Austrian term. So low time preference means you're long-term oriented, high time preference means you're short-term oriented, which can be a little trippy for some people because it sounds backwards. If your money constantly loses value. You are incentivized to become more short term oriented. You are handicapped in your ability to plan for the future because your money which is”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“You've been working your whole life to develop this business or create this reputation or whatever your thing is, but you just are given the foreknowledge that tomorrow it's all going to end. You're much more likely to go out and just maybe get drunk and party that night because there's no more repercussions, right? Whereas if you know that Going to live for a very long time, you're much more likely to plan for the future. And money is very...”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“And that's effectively what a central bank is doing. So a central bank is determining how much money to create. They're also determining who gets to receive that money first. And the first recipients of that money are going to be the beneficiaries in an inflationary regime. So those that receive the money last are the ones being robbed. Those that receive the money first are the ones that are destroyed. Receiving the stolen proceeds, let's say Has a really corrosive effect on social morality because If we consider People's time horizon, which the Austrians call the time preference. The more short term thinking you are, the more likely you are to engage in selfish behavior. If you know that It's all over tomorrow.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Moralistically camouflaged political aim is being discussed at the base layer of monopolized money is that it's only useful for taking from some and giving to others. So another way to think about this is that Money is a paper claim on the savings of society. So it is just a ticket for redeeming savings, which could be time, could be capital, could be knowledge from any market actor in the world So it's kind of a list of who owns what, if you will. It's a proxy list. If there's one group that can amend that list and others cannot, then they're basically able and incented to own. Modify that list to their own benefit”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“A hammer can be used to build a house, which could be seen to be good, like a good constructive purpose, or could be used to bash someone's skull, which could be something evil. And that the tool itself is amoral. It doesn't have any independent morality of its own. All of the morality is associated with the wielder of the tool. The quote like any tool can be a weapon if you hold it right sort of thing. Maybe a little bit different in that. Monopolize money, it's only useful as a tool for one thing, and that's for allocating wealth away from some and to others. So it is the only utility of monopolized money is theft There's no other propaganda out there that will say, oh, we need to print money to get out of this disaster. Give to the poor, whatever this.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“And they do this instead of fighting to the death because in a wolfpack, they need every wolf so they can go out and bring down. You never know when you're going to need the 20th wolf to bring down the big buffalo the next day or whatever. So they've developed this. Less than fight to the death social morality to optimize their effectiveness as a wolfpack Similarly, for humans like our morality sort of emerges through competition and play even. There are these implicit rules that come into place based on how we're organizing ourselves over time. And with Money, it's interesting because most tools we would consider to be amoral.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“This great, great quote by Rothbard, who's a famous Austrian economist, and he says, quote, to be moral, an act must be free. I think morality, it changes over time and it is. It has its roots in biology. Jordan Peterson makes the point that even animals have their own sort of pseudo-morality, with wolf packs, for instance, if there's a dispute between the alpha males or I guess between an alpha male and a incumbent. The two males will have a fight basically. And then when one... Decided that one has won, the loser will basically roll over and give up his neck to the alpha male.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“They have mutually indispensable though because you can't have There's no security without the miners. So without the miners, Bitcoin's just an idea. And the idea of Bitcoin is. Maybe existed even before Bitcoin, right? Just sound money. We just say sound money is an idea. There was no way to root that into thermodynamic reality without Satoshi figuring out. Not just proof of work, it's the entire composite of the difficulty adjustment, proof of work. One way hashing, et cetera. I don't know. That's hard, hard to say. Hard to disentangle the two.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, the decentralization of Bitcoin. Is largely driven by the nodes, actually, which aren't actually mining. They're just choosing which rule set to implement. And then the mining network is actually enforcing that rule set. So I think the mining network. Inherently decentralized in that really anyone with access to cheap energy can become a miner. You can freely enter or exit the market or the network at any time. But maintaining the block size at a manageable level is what's key to maintaining node decentralization.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“No. I think proof of stake is inherently centralizing It's like the old Matthew principle. Those who have to those who have more will be given from those who have not, everything will be taken. That's what proof of stake is. You need proof of work to embody skin in the game in the marketplace such that. Contributions are commensurate with consideration received. That's how systems work.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Was an energy expenditure necessary to obtain gold? So there's a proof of work associated with obtaining gold that protected its market value. So you had to expend, again, of market value of gold's 2,000 an ounce. You had to expend $1,900 an ounce mining. So it kept producers honest in a way.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Money has always represented a claim on all other forms of energy. So whatever energy couldn't be channeled towards something useful in the economy historically would go into gold mining. So gold became this residual, this economic, this token of the excess energy created by the market economy. And then you could take that token of energy and use it use it to redeem for any other form of energy or any other products of energy itself. So Guess that's my best approximation of it, and it just really. Shattered my worldview again because I'd always thought about it as time like we spend time sacrificing to obtain money that we then redeem for commensurate sacrifices from other others but I'd never considered it purely as energy and then it also ties back into gold”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Missiles We learn to hunt at a distance. We can't bring down a woolly mammoth maybe with spears and. And up close in personal force, but we could with spears and javelins and slings and whatnot. And then he went into how we've used water to channel hydraulic energy so we can basically overcome gravity. We can move, you know. There's theories that the pyramids were constructed using, the blocks were moved, using hydraulic energy or using water. Clearly we use like cargo ships and whatnot to move things much more efficiently across water than we could the land. His whole view is how we keep figuring out better ways and more efficient ways to harness energy and channel it. And in that Perspective”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Isolate energy as a tool in and of itself. So we went into that, how harnessing fire had changed human beings. Actually, This is one of the earliest examples, too, of a coevolution between tool or biology because when we developed fire, we developed cooking. And cooking is, you can kind of think of it as pre-digestion in a way. We're liberating these macronutrients or making things that otherwise would not be digestible, edible. And it increases the efficiency by which we extract nutrients from food. That's what cooking does. So when we figured out cooking, we liberated all these digestive resources that were reallocated towards higher cognitive development. So there's this evolutionary path between figuring out fire and us becoming smarter, which was interesting. Some other early examples he gave he went into were missiles and hydraulics.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so I guess. Definitely have to check out the whole series to really get his perspective, but I'll do my best to condense it. Life itself, all forms of life are, you know, they're dependent on energy, right? Energy fuels everything fuels life and action and motion and all of that. We could say that maybe like a plant. Is harnessing solar energy and then reallocating that into growth. So its aim is to grow towards the sun. So it's allocating energy towards its goal of Harnessing more solar energy kind of thing. And humans too have evolved to figure out how to harness energy in different ways. Satisfy higher and more complicated aims. So the original energy network That he referenced was fire. We actually learned to wield fire as a tool in and of itself. So not only are we learning to channel energy, but we actually learn how to”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“The conversation reshaped my worldview a lot too because he framed money as energy, which I had often thought of money as time and it explored those connections a lot in my writing. But looking at it as energy. And then his supposition that The purpose of life is to basically channel energy across space and time. So we're just trying to figure out how to channel more energy across space and time toward the satisfaction of aims. And his definition, her answer to that question, what is money? Is it money is the highest form of energy a human being can channel? So it's a claim to all other forms of energy we can manifest in the world. And that just completely reshaped how I see it, brought in this whole other side to my intellectual explorations of money.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, we recorded twice five and a half hours each. So it's about 11 hours of content. And yeah, thank you. A lot of people have said that. It's the best first principle thing they've ever seen on Bitcoin, which I take no credit for that at all. I mean, I just sat down with a guy and unleashed him. He's just a beast.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think Michael Saylor really led the charge on that. He's the CEO of MicroStrategy that I think they've acquired. Of $2 billion in Bitcoin now, so requiring. August, maybe of 2020 And he's personally bought a lot of it. He bought a lot as a Treasury Reserve asset for his company, MicroStrategy. Then they leveraged up on a convertible note and bought more. So he's really gone. Leading the charge in this Bitcoin institutional adoption.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“I think Elon would be hilarious if he came out and he was Satoshi. Guys, I know I'm already the richest guy in the world. Go ahead and double my lead here”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“I never thought of it like that. But Marcus Aurelius immediately came to mind, you know, the guy that he had the keys to the kingdom and he Apparently adhered to the Stoic virtues until the end. But yeah, I agree with Satoshi. The other thing that's interesting is. He would By far the most wealthy person in the world on a liquid asset basis because he has a million Bitcoin, which is 60 billion liquid net worth. At current prices. So if he is still alive and just operating in the world, he is daily and moment to moment resisting massive incentives to go and just be the richest guy in the world.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“It appears that he didn't profit in any way, he, she, or they actually heard recently that he identified as a he in some of his communication. So it sounds like it is a he.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, as we've touched on a bit today Mythology, in my opinion, is something that is intrinsic to how we see the world in a lot of ways. It's kind of the structure. Which we build these useful fictions. So, in that way, you could just say that. Satoshi is the godhead of Bitcoin, effectively. I think a compelling argument could be made that his disappearance is what really solidifies Bitcoin's decentralization, because if there were one individual to personally vilify or denigrate or attack, to disparage or question the motives of If he's out in the Hollywood Hills partying, everyone knows he's got a million Bitcoin. It would just kind of tarnish the entire project in a lot of way. But the fact that That theme something for nothing, this guy actually gave humanity something for nothing and”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“The frontiers of science in many ways, like to actually, when I say praxeology, many people have never even heard of that. But it's something, it's an. A priori study equivalent to something like mathematics, that you're building things from first principles to reason about economic reality. And I think that book, it's a very difficult book written by Mises, 1,200 pages, translated from German. The way he wields English is fascinating and terrifying all at the same time. It'll probably take you six months to read it if you read it daily seriously. Like it's a beast of a book. That will plug the gap, I think, in most any intellectual that's skeptical about Bitcoin. I think that will plug the gap that's necessary for you to see it in a new light.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“About all the degrees he has I was a CPA, but that curriculum that we get in college is noticeably deficient in Austrian economics. And I think there's a reason why, right? It's heavily government influenced. Again, masters degree in accounting, they never taught me about what money is or where money comes from. All you learn is that the central bank issues money and the central bank takes money away. So it's conceived of in the textbooks quite literally as God, an entity that suffers no opportunity cost, that basically is the foundation of the entire Keynesian worldview that you're taught in economics. Austrian economics is the opposite end of the spectrum of that, right? It's actually the culmination, which economics is the youngest science in the world, by the way. So it is kind of the front.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“That's where Find all the fascination of the world, frankly. One other thing about And intellectuals more generally that are skeptical of Bitcoin, I would challenge them to read the book Human Action written by Mises. I think in 1949 he published the English version. It's essentially the Bible of Austrian economics. And I think Austrian economics is a noticeable gap in most modern intellectuals worldviews, that it's not taught in school. I mean, I have a master's degree in accounting and finance, studied a lot of economics in school. There's not one peep of Austrian econ.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“He does bring with him his existing worldview and his existing theory, the one that really blew up was gauge theory that got really popular. I don't know a lot about gauge theory. I actually messaged Eric and said, I want to learn more genuinely because, you know, he seems to be serious that that needs to be considered in the sphere of money. And so I want to learn more about it. But I think overall it's great. It's great to see. Intellectual heavyweight of his caliber gravitating towards Bitcoin.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, the first exposure I had, Terek, was his, I think it was his first episode with Peter Teal, and they're going through that thesis that there's been this general institutional rot and suppression of innovation since the early 70s. And he's trying to identify what it is. I don't think they ever pinned it on the money on going off the gold standard. But in recent interactions with Eric, you know, I've interacted with him on Clubhouse. We recently released an episode of the show I did with Chris Espley and it was titled Dear Eric Weinstein. So we're going through his worldview that he's expressed in the portal and tying it back to the money in different ways. And he's engaged. Eric retweeted the show. We've exchanged some messages. He's been very open-minded. He's asked some really good questions. So I get the sense that he's approaching this very wholeheartedly.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, that is the Bitcoin rabbit hole in a nutshell. Is it, you know, they say fix the money, fix the world. You keep tracing these different social malaises or technological difficulties, lack of innovation. Weinstein's entire portal podcast, something went wrong in the early 70s. We went off the gold standard in 1971. And there's a great website. WTF happened 1971.com goes through this whole gamut of socioeconomic data that's completely gone askew since the early 70s.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“You corrupt the money that it really does push us the negative direction, pushes us away from, again, encouraging or magnifying scarcity artificially causes us to be more divisive. When things are more divisive, we tend to be less civilized, less nuanced, more black or white or this or that, or label A or label B. So I really think, and this is a harder one to unravel, but I think if we can fix the money, right, which again is the base layer operating system for human moral action in the world, that it has downstream effects. So we would actually maybe start to treat each other a little better on social media despite the fact that it enables this faster communication.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“I wonder, I agree with you that it's social media is an amplifier to our natural, this natural way of dealing with one another. But I wonder, am I thinking has evolved a lot on this that there's something below the way we're treating each other too, right? That we could say civilization sort of advances in the tools we make and the way we treat each other. We tend to have better tools, better quality of life, and better morality, better quality of living. ways of dealing with one another. And I think that”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“And that is just, I think, a cognitive fallacy. Like, it's not only going to hurt the person that you're, you know, winnowing down to a word, but it's also going to hurt you. And it's going to, in your attempt to decomplexify reality by assigning this person to a term, you're actually going to create bad outcomes for yourself because you're not going to understand that person.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Have to embrace that The only way anything, it's the only way we can advance as if we're dealing with an incomprehensible reality. All we can do is throw spaghetti at the wall and see what sticks. And in that process, we're all inherently going to hurt ourselves and hurt others. And that's where love and forgiveness come to play, right? Yeah, I think the other thing is that this culture of reducing people down to a label, whether it's racism or whether you're calling them a scammer or any number of terms, you're discounting their sovereignty to zero. You're taking a super complex human that is vast, contains multitudes, is changing over time, and you're trying to put them in a bucket of a word.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“This is human nature. Like Hamartia to miss the mark. That's the root word of sin. We are sinful by nature. We can't help it. There's no way, again, pain is information, right? There's no way to learn other than trying, failing. Learning, and then you put yourself in better formation, right? In formation. To better deal with it next time. So I hope I don't get the sense that you're actually afraid of making a misstep. Like I think you're just. Maybe disappointed is a better word. Like, you know, you're going to make the mistake.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“When that investment thesis basically met the cultural filter or immune system, it forced me to reevaluate my position, forced me to really look into it more deeply. And through that exploration, I realized that it would need to be built on Bitcoin to work, basically. But it really comes down to like you doing your homework, but we can't all deeply evaluate every idea out there, right?”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Might be, I think that's a useful piece just to kind of see the crypto world through that lens. And that's how Bitcoiners are thinking all the time. They are by nature adversarial thinkers. So they're trying to minimize the need for trust in any situation and maximize verification. As far as sifting through. The ideas, I guess Is back where the cultural immune system has some utility. Because there were times when I thought this particular crypto asset, Augur was one I was really into, that it could facilitate prediction markets and prediction markets could make markets more efficient, et cetera, et cetera.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Guess first, I'd like to commend your forthrightness about this because I don't think many people try to walk that line necessarily. Again, kind of the territorial imperative. They'll put whoever on, they'll help expand their reach. Oh, yeah. Or say whatever needs to be said to expand their reach. So I think you're coming from a good place. I'll say that there's a great piece written. The topic of scammers and scamming. I think it was by Goldstein. He wrote a piece called Everyone's a Scammer. And it's sort of back to this general human proclivity to try and get something for nothing always. Which again, it can be as positive. It can be innovative or it can be negative. Going to be trying to steal from people”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“And these things are all intertwined, you know. Touched on the beginning that all of us get to decide, but the world does influence kind of if we adopt fear or love. It takes, I don't know, it takes good systems and it takes, I guess, good leaders to set an example. Yeah.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“To love in a world that has a lot of conflict that might make you fearful if you're really focused on your meat suit. But if you're focused on the bigger picture and you're focused on others and legacy and life, that there is a way to do it. And that's why I actually think Christ, that is the highest moral aim, right? He met all of the vitriol in life, betrayal, hate, violence. He met it all with love and he met it with compassion. And that's why regardless of if you believe that he actually lived or any of this, he is symbolic of the highest moral consciousness possible. And Carl Jung would say that that was a suitable Alternative to psychoanalysis was actually setting your moral aim higher and striving towards it diligently. So”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think very fundamentally that all of our decisions, we alluded to earlier that every decision is an expression of value, right? Reaction we take, they ultimately come from fear or love. Fear would be something much more in the biological domain where it's like we're trying to protect ego, we're trying to behave selfishly. This is the domain of sin, you know. I don't know all the sins, gluttony, greed, sloth, wrath, lust, pride, envy. These are all selfish behaviors. Whereas something like love, it's morally superior in that it's more selfless. I don't know that we can properly define love with words at all, but I would say maybe like selfless action could be kind of a generalization of it. And that way, it is really hard to your point. It's hard to”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“And then there's the other thing that we have this natural, I agree with you about love. I think love is like the deepest value. That's a whole other philosophical thing. But we're biologically programmed to pay more attention to things that are adversarial or harmful, right? That's part of us protecting the meat suit, so to speak. So there is some maybe better delivery method by being a little bit toxic to really get the point across like, hey, don't get lost over here. These things can hurt you. Really try to focus on Bitcoin. But the toxicity of that message, I guess it increases its ability to penetrate the individual, but it can also go too far.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“They have asked themselves that question right that they've been inquiring in why not this crypto asset or this cryptoasset and they've done the exploration they keep coming back to Bitcoin and they've seen people being taken advantage of But to your point it's like it can Tough love can become detrimental just like the immune system can become detrimental, right? It can overreact and it can actually harm the human body. So I'd say that it's such a tricky and nuanced topic that even biology hasn't figured it out, right? A lot of people have autoimmune diseases.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“It is subtle and it's nuanced and it is difficult to walk. And I think that's why I try to say tough love because When we're young, we may have certain ideas about how the way we want our life to go, but then maybe our parents are not letting us do certain things and we think they're, I know when I was a kid, I wanted to get my, when I was in fifth grade, I wanted to get my ear pierced. My mom wouldn't let me do it. And I was, oh, come on, mom. I thought it was so cool. And then two years later, I'm like, thank you, mom, for not letting me get my earpiece. I think it comes from a place of good intention that they are actually.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“When it's attacking people that are inquiring about Bitcoin or people that are approaching Bitcoin with a good spirit and good intention and a desire to learn, because then at that point, it's actually impeding the free flow of ideas, which the example your clip that was totally taken out of context. And then you're literally just saying, I'm here to learn and contribute. I think I've got some stuff to do. And then people attack that. Like, that doesn't make any fucking sense. It's like you're attacking someone who's approaching it in a good spirit and asking questions.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Bitcoin tracking the market success of Bitcoin versus alternative crypto assets, the signal is very clear that Bitcoin has outcompeted all of them. So I think that Bitcoin cultural toxicity has evolved as an immune response to those bad ideas, which is actually, if you think about it, kind of is a tough love, right? You don't want new entrants to the space to get lost in Shitcoin jungle and learn the hard way the way many Bitcoin maximalists have that the real innovation is Bitcoin. But like an immune system, I think you can also go too far. And so I think it's useful when it is defending the space from false narratives, we might say, but it becomes detrimental.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“All the love in the world. I guess you could call me a toxic maximalist in some ways. Although I consider myself a freedom maximalist, not a Bitcoin maximal.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“People living through that because there is this natural predilection for people when they first come into Bitcoin, you're excited about it, then you get lost in the shitcoin universe. Looking at the market success of Bitcoin versus, and when I use the wordcoin, I'm just”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“And that view of reality met this immune, I guess you could say as an ideological immune system, this Bitcoin toxicity, in that it's kind of a filter that's trying to catch bad or useless or even scamming ideas that this space is very well known for. You know, as we've touched on today, Bitcoin, in my opinion, is this world shattering innovation, but it's in a sea of the most scammy stuff ever, right? People, anybody can go and create a coin. So, you can go and launch one immediately online, and you can throw up a website, an advisor page, post a white paper talking about how great your technology is going to be and how it's going to change the world. And then you can raise $30 million in Bitcoin or Ethereum in 30 seconds kind of thing. So it's drawn in a lot of this scam artistry, you might say. And I think.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, we were talking about this a little bit before we recorded. And I've been through the gauntlet with Bitcoin toxicity as well. I came into this space. Professionally in 2017 was originally running a multi strategy crypto asset hedge fund. And my initial Investment thesis on the world was that Bitcoin was a big deal, but there were all these other exciting coins and projects and ways the technology was going to be used.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source
“I think Bitcoin is exposing the greatest scam in human history, which is political authority. Like, who gives anyone the right to be politically, have political authority over anyone else? People should be free to adopt the rules and systems and tools that best suit their needs. That arc of history we covered earlier, where as Socioeconomic systems have become more favorable towards individual sovereignty, the more wealthy we have become, the more we have given the individual, we've maximized individual choice, the more wealth that society has created and the more it has outcompeted the systems that have come before it. The latest would be capitalism triumphing over socialism.”
2021-04-17 · Lex Fridman Podcast · #176 – Robert Breedlove: Philosophy of Bitcoin from First Principles · IDENTIFIED FROM THE TRANSCRIPT · source