CD102: Bitcoin is the Best Money with Adam Back and Jack Mallers
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EPISODE: 102
BLOCK: 791518
PRICE: 3734 sats per dollar
TOPICS: Good Money vs Bad Money, Early Bitcoin History, Onboarding the Next Billion People, Silk Road, Anti Fragility, Energy
This chat was a continuation of our conversation on stage at Bitcoin 2023 to end the conference: https://youtu.be/kAdPCHY_RzY
Adam on Twitter: https://twitter.com/adam3us
Jack on Twitter: https://twitter.com/jackmallers
nostr live chat: https://citadeldispatch.com/stream
nostr account: https://primal.net/odell
youtube: https://www.youtube.com/@citadeldispatch
podcast: https://www.podpage.com/citadeldispatch
stream sats to the show: https://www.fountain.fm/
(00:00:37) Introduction and bitcoin events
(00:02:11) Thanks to supporters and donation options
(00:04:20) Introduction of guests
(00:05:47) Discussion on the value of bitcoin
(00:19:30) Bitcoin as a savings technology
(00:27:17) Volatility and challenges in emerging markets
(00:38:14) Why bitcoin has been successful compared to previous attempts
(01:08:12) Volatility of bitcoin and its potential stability in the long term
(01:22:53) Onboarding the next billion users to bitcoin
(01:27:14) Different trade-offs in using exchanges and custodial lightning
(01:28:10) Liquid as a trade-off between centralized exchanges and noncustodial options
(01:29:44) Advantages and risks of using Liquid for trading and rebalancing Lightning channels
(02:09:29) Bitcoin's future and scalability
(02:10:26) The value of free markets and the maturity of bitcoin
(02:11:24) Disappointment in backtracking on bold predictions