The Morality, Humanity, and Weirdness of Bitcoin

In this special episode, Matt Aaron, Manager of the Bitcoin.com Podcast, asks Joannès his thoughts on the fundamentals of Bitcoin - what it means for supply chains, Lokad and the world at large.

They discuss the moral compass of Bitcoin and the economic freedom it can provide. For example, unlike other currencies, no law or regulation will force you to use Bitcoin; it is a free choice and an option. Joannès goes into more depth on what makes us human, and in his eyes it’s commerce, therefore currency and logistics. For example, there are plenty of other animals that use tools and even have a sense of humour, but it’s truly business that sets us apart. Cities were born from commerce and writing was invented not to record poetry, but to keep track of what people were buying and selling.

Therefore, one can argue that Bitcoin has captured something of what it means to be fundamentally human. Many people consider commerce as cold, but in reality it can provide prosperity and bring people closer together. It stops us from an animalistic instinct of simply taking what we want, and instead inspires us to barter and trade. We can say that cash is a form of expression unique to homosapiens.

To conclude, Joannès and Aaron explain why there should only be one Bitcoin and not multiple cryptocurrencies, as freedom is not cumulative in this way. Joannès illustrates this with the United States Constitution, explaining that if an amendment were to be repeated twice, that wouldn’t double the power of what it decrees.

Timestamps

00:47 What are some interesting strategies that Lokad implies (in terms of doing business) that the public can find interesting?

02:38 What is the culture at Lokad like?

06:16 How long is your commute to Lokad?

07:02 What do you do during weekends?

07:32 What were you doing before Lokad?

08:42 Why did you decide not to finish your PhD?

12:26 How did you discover Bitcoin?

13:32 Can you explain the moral compass as it relates to Bitcoin?

16:22 Why would Bitcoin provide more economic freedom than the Euro?

20:54 What are your thoughts on downward mobility?

27:16 From your paper: “Bitcoin is cash”. Could you explain this claim to us?

35:12 Why is mining “the purest form of conversion of electricity in trust”?

42:47 Another quote from your whitepaper: “There can only be one Bitcoin because economic freedom is not additive”. Could you please explain that to us?