Book: The 7th Property Part 1:
Barter systems are forms of direct trade while monetary systems are forms of indirect trade. Goods used in indirect trade are naturally converged upon (i.e., chosen freely through iterations of trade) because they have properties that most people want most often. Goods that maintain these properties are desired because they are most likely to present a coincidence of interest with other parties. In this sense, Money enables a system of indirect exchange.
Carl Menger, in the The Origins of Money, defined the relative ability for a good to be sold in a given market at the time and price desired as a good’s salability.1 Market participants converge upon the most salable commodity over time, through many transactions. Consider a producer of apples and a producer of decorative pots.
A producer of apples is more likely to have buyers than a producer of decorative pots, but both producers still need to exchange their goods consistently for goods they need. The apple merchant will exchange as many apples as possible for the goods he currently desires. Then, knowing his remaining apples will soon rot, he might attempt to exchange them at a discount with the pots merchant. He does so with the knowledge that he can exchange these pots at a later date as they are more valuable across time.
💡 Today's Big Idea
If you believe in property rights, then you must believe in sound money since fiat robs the wealth of humanity.
If you believe in natural law and human rights, you believe in #bitcoin
The Bitcoin Basics Show
Welcome to the Bitcoin Basics Podcast, member of the Better Human Podcast network. We are focused on helping you understand how revolutinoary Bitcoin really is.
The show covers the fundamental concepts of money, history, economics, and human nature as well as interviews with non-bitcoiners so you can understand Bitcoin from first principles.
I’m Your Host Colin Stuckert of The Better Human Company, and I believe Bitcoin is the ultimate Trojan horse for freedom that is going to bring financial sovereignty to 8 billion humans. As a Freedom Advocate, I believe Bitcoin is our best chance at a better future, so I’m doing my part to help us get there.
Get all the updates over at Colin.coach and subscribe on your favorite podcast app and check us out on YouTube.
🌎 BetterHuman.World My new company focused on doing Direct Impact work. 50/50 Model, 50% of all profits go directly to our mission of bringing Education, Financial Literacy, and access to the global economy to those around the world that need it most.
🦌 OUR FAVORITE COMPANIES 🥩
- 🦌WildFoods.Co - Better Foods and Supps for Better Humans - Code WILDCEO for 15% off
- 💰Swan Force bitcoin - Colin.coach/swan How I buy Bitcoin daily/monthly, Auto-Buy, Best Fees for Buying BTC I’ve found
- 🥩Crowd Cow - Colin.coach/meat → Small Farmers, Quality Supply Chains, Delicious/Nutritious
- 🐟SizzleFish - Colin.coach/fish → Sustainably Sourced, Premium Quality, Wild Caught
🌎 The Better Human Company 🌎
Our Mission it To Build sovereign individuals and communities through Bitcoin and education so those that need access to the global economy more than anyone can actually benefit from humanity’s prosperty so they can then take their destiny into their own hands rather than having to rely on Western’s.
Mission: Bring financial sovereignity to humanity through bitcoin-focsued education by getting a pre-loaded device with a FREE Eduction, courses, videos, and instructions on how to use the lightning network.
Unsound money ENSLAVES humanity - problem we are solving? Multiple. We are giving access to the global ecomoy, the creator economy to those that need it most - the simple ability to accept payments for work rendered gives agency and ownership to individuals instead of them having to rely on DOLE/Charity.
Sound money → When the US gov prints money, the elite get richer, asset owners get richer, the poor and middle classes in AMERICA and the rest of the world get poorer. Their earning power is now less. Their savings is now less. Their ability to get ahead is now less likely.
Those living under crumbling jurisidcations, war-torn areas, tyrants, socialism, communism, and other terrible ideas that are still used by those in power ot enslave others, need sound money. Bitcoin is the best chance they have to protect thier wealth from governments and theft.
Bitcoin surpasses outdated monppolies thathave been praying on the poor, like Western Union, with their high fees and slow payments or their outright shutting down in a place like Afganistan and Cuba, places where humans need money from relative the most, where they can starve to death.
Disburse phones with EDUCATION + Guides translated to show how to join the Bitcoin network. We want to encourge hodlers yes, but also lightning users if needed.
Include Videos, Guides, How to, things that support people in different areas, from nutrition, to physics, engineering, etc.
For places that dont have it + education on lightnign wallets and usage for africans and south american
Small communities in places with hyper-inflating currencies that need access to the hardest money in existence