Explore every episode of the podcast Magic Internet Money
| Title | Pub. Date | Duration | |
|---|---|---|---|
| Bank Failures, Crypto Contagion, & Bitcoin Culture with David Bailey | 26 Dec 2023 | ||
This episode was recorded on April 23, 2023 In this episode, Brad is joined interviews David Bailey for a discussion on the ethical complexities within the cryptocurrency landscape. They tackle the tensions between libertarian values and the reality of Ponzi schemes that sometimes tarnish the industry's reputation. The conversation delves into the difficult questions surrounding the endorsement of Bitcoin while steering clear of passing moral judgments on competing cryptocurrencies. The duo examines strategies to surpass unethical crypto practices, drawing comparisons to Uber's success in revolutionizing transportation. They address the network's evolution, focusing on solutions like the Lightning Network and the emerging RGB protocol, which NFT developers are finding appealing for its cost efficiency. Moreover, Brad and David delve into the dynamics of the Bitcoin community, the delicate balance between inclusivity and toxicity, and the importance of setting an exemplary standard without alienating newcomers. The discussion points to a story of growth and transformation within Bitcoin over the past decade, emphasizing the shift from mere speculation to significant adoption and mindshare expansion. Lastly, the discussion sheds light on the potential repercussions of the Bitcoin Magazine's decision to support Ordinals and the controversial yet innovative steps taken within the industry. As they navigate these multifaceted issues, Brad and David maintain a focus on the pivotal role that Bitcoin plays in the current and future financial systems. Timestamps [00:03:53] Worked in crypto, saw innovation, saw scams. [00:10:06] Spending on real things sustains market growth. [00:12:03] Realized misguided investment, believed in Bitcoin. [00:16:21] Former Swan employee enters NFT bubble successfully. [00:24:02] Struggle with Bitcoin, libertarian values, and regulations. [00:26:54] People resist moralizing money in crypto space. [00:34:10] Tech entrepreneur shifted focus, embracing social impact. [00:40:02] Supporting larger blocks was good for business. [00:45:29] Maintain humility, pursue ego death, push bitcoin. [00:48:48] Bitcoin's future open to all perspectives. [00:57:41] Bitcoiners may turn against Ordinals, causing conflict. [01:03:58] Bitcoin embodies religion, social consensus and layers. [01:09:37] Limiting NFTs to Bitcoin caused user friction. [01:10:31] NFT user experience needs improvement, FOMO influence. [01:19:42] Bitcoin pleb advocates for inclusive, open industry. [01:23:37] Bitcoin conference needs better self-custody promotion. [01:26:53] UTXO Management drives GBTC investment forward. [01:31:39] Grayscale engaged in unethical tactics with trusts. [01:40:14] Interest rates likely to drop, affecting markets. [01:42:23] Resistance to Bitcoin shifting as relevance recognized. Find David Bailey Find Brad Mills | |||
| The Mechanics of QE and Banking Solvency with former Fed Employee Joseph Wang | 25 Dec 2023 | 01:34:08 | |
This episode was recorded on June 3, 2022 In this episode, Brad Mills interviews author and former Federal Reserve market specialist, Joseph Wang. Known for his work "Central Banking 101," Joseph offers a treasure trove of insights from his tenure at the Fed, drawing on his experiences navigating the financial landscape post the 2008 crisis. Brad and Joseph have an in-depth discussion on the world of the repo market, its challenges in 2019 when rates unexpectedly eclipsed the Federal Reserve's interest on reserves, and the implications for liquidity and bank stability. The episode delves into critical issues like the Liquidity Coverage Ratio (LCR) and the balance between capital and liquidity in safeguarding against bank insolvencies. Brad probes the possibility of the Federal Reserve's repo market interventions being akin to unapproved bailouts — a notion Joseph addresses by shedding light on the quality of collateral involved in these short-term lending agreements. The dialogue also ventures into the accounting aspects of bond maturities, the purchasing power of the US Treasury's looming debt, and the Federal Reserve's potential role in debt acquisition. Their exchange extends to Bitcoin's immunity to governmental control, contrasting its decentralized nature with other cryptocurrencies and what that means in an increasingly regulated environment. The episode advances through the murky waters of quantitative easing, the causality of inflation, and the contentious values underpinning the current financial system. Tune into this episode for a blend of expertise and provocative analyses, revealing the inner workings of the systems that move money globally. Timestamps [00:09:44] Keynesian vs. Austrian perspectives on sound money. [00:14:21] Doubts about banking system, learning and understanding. [00:19:48] Gold certificates allow expansion of money supply. [00:23:03] Banks took on too much risk in 2019. [00:27:26] System adapts, past battles influence future strategies. [00:35:58] Bank stocks used as collateral for lending. [00:41:52] Federal Reserve intervened in repo market, changed paradigm. [00:47:45] Federal Reserve stepped in to stabilize repo market. [00:53:39] Arbitrage involves trading based on price differences. [00:57:46] Fed tries to save system, government devalues currency. [01:04:15] Explanation of monetary transactions and balance sheets. [01:05:07] Fed moves money around, swapping one form. [01:15:05] QE raises stock and home prices by lowering interest rates. [01:17:09] Fed's $5 trillion in bonds affects rates. [01:24:34] Challenges ahead in financing US debt. Possible Fed intervention. [01:28:30] Extended conversation about Bitcoin and cryptocurrency concerns. [01:32:06] Bitcoin decentralized, resistant to government enforcement ban. Find Joseph Wang Find Brad Mills | |||
| Canadian Politics, Money Printing, and Championing Bitcoin | 10 Oct 2022 | 01:50:02 | |
In this episode, Brad sits down with Sunny Ray and Kyle Kemper. Ray is the cofounder of one of the largest exchanges in India, Unocoin, while Kemper is Justin Trudeau's half-brother and a diehard Bitcoiner. Ray and Kemper are also the hosts of the Love and Freedom podcast, a platform that discusses "current events, challenges, & the opportunities for freedom." The trio talk about the state of politics in Canada and their wish for Bitcoin advocate and Conservative Party leader Pierre Poilievre to come to power. They also debate what global money printing portends for the common person and why this proves the case for Bitcoin once more. Tune in for these and more! Timestamps 00:00:00: Intro by Brad and commentary on Canadian politics 00:09:48: Conservative Party leader Pierre Poilievre is a champion for Bitcoin 00:13:20: The excessive money printing in Canada and how Bitcoin comes in 00:33:00: On securing your financial future with Bitcoin 00:42:50: Could central banks and surveillance capitalists be behind NFTs and DeFi? 00:49:00: Ethereum's proof of stake model flies against principles of decentralization 00:53:23: Delving into Web 3 scams and Dogecoin & Elon Musk 01:06:50: For some countries, Bitcoin is not a luxury 01:23:00: Why we need unification in crypto 01:28:35: The role of money printing in propagating wealth inequality 01:45:16: Bitcoin is on track to being worth a hundred thousand dollars Canada's Justin Trudeau in February invoked the Emergencies Act — the never-before-used law since it was enacted in 1988. The unprecedented move was in response to the Freedom Convoy that had caused blockades in major border crossings in the country and gridlock in the capital. The Convoy was protesting against vaccine mandates and passports. The Emergencies Act cleared the "occupation" in Ottawa and also froze the bank accounts of tens of the Convoy organizers and participants. These actions were described by protesters and the opposition as unconstitutional and an overreach. For Bitcoin adherents, it illustrated the need for Bitcoin. Brad, Sunny and Kyle sit down against this backdrop. The three discuss how the Conservative Party — one most Canadians have never voted for — suddenly became the party of choice in the face of everything. It helps that PC leader Pierre Poilievre is a Bitcoin champion. What do all those events mean for the crypto pioneer? The three delve into that, as well as why you personally need Bitcoin, the space's scams, Elon Musk's promoting Dogecoin, Jack Dorsey quitting Twitter, and more. Below are some of the highlights of the conversation. #1. Securing Your Financial Future With Bitcoin Covid 19 saw several countries opting to print more money to help keep their economies afloat. But printing more money is bad for the economy since it can trigger inflation. This rampant cash printing saw many corporates previously wary of touching Bitcoin shovelling money into the asset to derisk their finances. Brad reminds people of the importance of doing the same. He and Kyle emphasize the importance of not placing your financial future on whoever is elected. Brad remarks on Bitcoin being more a "productive protest" than a physical protest that the government will crack down on anyway. Sunny contends that Bitcoin needs only to continue existing to prove its importance in the face of such extremes by central banks. #2. Does Ethereum Have a Decentralization Problem? Many praises have been sung on Ethereum's transition from Proof of Work (PoW) validation model to Proof of Stake (PoW). Environmentalists are happy because it will reduce carbon emissions and sections of the cryptocurrency community welcome it because it takes off some of the weight of the environmental impact blame. But PoS allows only those with the means to become validators, making the network more centralized. Brad notes that the Bitcoin documentary "This Machine Greens'' recognizes that PoW can actually help us "to accelerate to renewable energy." As such, PoW is not the environmental threat it's claimed to be. #3. The Resilience of Bitcoin The trio deliberate on the rise of Web 3 products from DeFi to NFTs and whether that's stifling for Bitcoin. The answer is no, with Bitcoin being the "truth and the signal" à la Brad. Kyle likens Bitcoin to a rat for having everything thrown at it but still thriving. Also, the citizens of countries such as Nigeria, El Salvador and Venezuela aren't overly concerned with all these blockchain offshoots because their main concern is Bitcoin, which has a real difference to their lives. Podcast Mentions: Chrystia Freeland's Cognitive State Capture(book) The Lightning network When money Dies by Adam Ferguson (book) Principles for Dealing With a Changing World Order by Ray Dalio (book) "This Machine Greens" - Bitcoin Documentary Find Sunny Ray on: Find Kyle Kemper on: Find Brad Mills on: | |||
| Fabric Protocol and Bitcoin Development | 10 Oct 2022 | 02:11:25 | |
In this episode of Magic Internet Money, host Brad Mills invites lifelong hacker and Bitcoin entrepreneur, Eric Martindale onto the show to discuss Bitcoin, his journey working as a developer for Bitcoin related companies, and his layer 3 software called Fabric. Brad kicks the show off describing life in Cape Breton and the lessons of that experience, which he compares to the great depression and the film Cinderella Man. He introduces Martindale and a handful of basic topics of critique such as DeFi and altcoins. The main topic of the show is censorship resistance and the advantages to the additional layers that Bitcoin has developed since its initial launch by Satoshi. Martindale shares valuable personal experience with Bitcoin’s development. Time Stamps 00:00:19 - Introduction and catching up with Brad Mills 00:32:50 - Show Start and introducing layer 3 and other terms 00:37:50 - Introducing Eric Martindale 00:44:40 - When did Martindale look closer at BTC? 00:54:04 - Martindale’s developer journey and insights 01:09:55 - Where does Fabric fit into the layers of BTC? 01:25:29 - On the Balkanization of the cryptocurrency world 01:40:07 - More questions about Fabric and Portal 01:51:30 - How to balance a passion for BTC with shitcoiner coworkers 01:58:50 - How does the token for Portal work? 02:06:20 - Outro and plugs Links to Mentions in the Show Find Eric Martindale Find Brad Mills | |||
| Navigating the Cryptocurrency Chessboard | 02 Sep 2022 | 01:56:12 | |
On this episode of Magic Internet Money host Brad Mills invites investment strategist Lyn Alden, and analysts Dylan LeClair, and Checkmate onto the show to get into the thick of the technology of blockchains, namely on the topic of censorship resistance and the potential impact the Ethereum 2.0 merge might have in the world of cryptocurrencies. Time Stamps: 00:00:20 - Introduction 00:09:49 - Discussing censorship resistance, what if Bitcoin didn’t exist? 00:32:20 - Are there credible threats to user-activated software in Ethereum? 00:41:07 - ETH proof of work vs ETH proof of stake 00:57:23 - Institutional adoption, balkanization of treasuries, current events impact 01:11:08 - Hypothetical: How do we get back into DeFi summer? 01:21:32 - What is redeemable about Ethereum? 01:34:28 - Is there any serious threat from regulatory risks? 01:54:30 - Outros and Plugs Links to Mentions in the Show Why the Ethereum Merge is a Blunder Guest Social Links Find Brad Mills | |||
| Freedom Currency for the Freedom Convoy | 15 Jul 2022 | 02:12:52 | |
On this episode of Magic Internet Money, host Brad Mills invites Freedom Convoy activist and Bitcoin advocate, BJ Dichter onto the show. They discuss his experience with the Freedom Convoy movement and the consequent protests in Ottawa in 2022. BJ tells the story of how he got into Bitcoin and blockchain technology slowly but surely during his time at Ryerson University. The pair discuss the nature of politics in Canada and the up-and-coming conservative politician Pierre Poilievre. Brad and BJ talk about their experience learning about how the money supplies work and who runs them behind the scenes. The two wrap up the show with a discussion about Roger Ver and his anti-Bitcoin antics, as well as how the cryptocurrency space differs significantly from the Bitcoin space. Time Stamps 00:00:21 - Show introduction 00:01:01 - The state of vaccination status in Canada 00:09:08 - Pierre Pollievre and Canadian politics 00:21:25 - Introducing BJ Dichter 00:31:17 - About BJ’s time at Ryerson University, postmodernism, politics 00:47:19 - Brad on unelected bankers, conversation about monetary systems 01:01:20 - The potential significance of Bitcoin 01:12:21 - A culture shift around Bitcoin and crypto, financial institutions 01:19:50 - Conversation about Roger Ver 01:32:30 - Bitcoin and censorship, competing against cryptocurrency and central banks 01:56:00 - Censorship, power, and Web 2.0 institutions 02:07:00 - Bitcoin and blockchain networking 02:10:30 - Outro and plugs Links to Mentions in the Show Honking for Freedom Fundraiser Steven Hicks and his work on post-modernism The What Bitcon Did podcast hosted by Peter McCormack, with guest Roger Ver Find BJ Dichter Find Brad Mills | |||
| Thinking Clearly about the Banking System | 26 May 2022 | 02:16:09 | |
Frances Coppola (author of The Case for People’s Quantitative Easing) joins Brad Mills to break down the evolution and inner workings of the financial system. The two walk through the last 100 years of changes to central banks and monetary policy to arrive at the current state of banking in 2020 and beyond. This episode helps contextualize bitcoin in the broader scope of the international financial system by understanding the nuances around money creation and distribution. Time Stamps 00:00:25: Introduction from Brad 00:28:04: Brad introduces Frances Coppola 00:29:40: Central bankers might not know how the financial system works 00:31:05: How lending actually works 00:38:50: What bank reserves on the bank balance sheets do 00:46:30: Difference between fractional reserve banking and current financial system 00:57:05: Discussion on coming off the gold standard and how this changed how money works 01:12:02: How easy it is to create money through quantitative easing 01:20:50: The maturing of assets on the balance sheet 01:29:50: Preventing the collapse of assets in the Great Depression and 2008 01:34:00: Inter bank borrowing, lending, and settlement 01:44:20: The narrative behind how the financial markets responded to the COVID economic crisis 01:50:50: Is the Federal Reserve actually printing money? 02:00:35: Why the repo markets dried up 02:04:10: What happens to stablecoins during crypto crashes 02:07:35: Discussion on Celcius and crypto lending 02:10:05: Wrap up, thank you, and closing thoughts Links to Mentions in the Show London Interbank Offered Rate (LIBOR) Book: Fiasco Book: Central Banking 101 Frances Coppola Social Links Book: The Case For People's Quantitative Easing Brad Mills Social Links | |||
| Bitcoin Entrepreneurialism | 27 Apr 2022 | 01:27:05 | |
In this episode, Brad sits down with Anthony "Pomp" Pompliano. Pompliano — colloquially called Pomp, is an entrepreneur, investor and podcast host. He's also one of the most recognizable personalities in crypto — with 1.5+ million followers on Twitter and regularly appearing on TV to debunk misinformation about bitcoin throughout the industry. Pomp has invested over $100 million in tech startup companies, owns Bitcoin, and has often been the voice of reason in Bitcoin diehards' and Bitcoin skeptics' showdowns. He has an initiative called PompCryptoJobs, through which job seekers can connect with industry employers. Pomp and Brad delve into that, some of the shockers in the industry's 2019-2021 cycle, and how to strike a chord among all Bitcoin camps in this episode. Tune in! Timestamps 00:00:00: Intro by Brad 00:04:00: Foray into Bitcoin fees. 00:07:12: Square and CashApp implementing the Lightning network. 00:07:48: Tales of the 2019-2021 crypto cycle 00.17:06: Bitcoin has begun the rise of the global store or value 00:23:07: Lessons on reconciling the varying passions in crypto 00:51:00: Optimizing for more. 00:58:00: How to be more nuanced when spreading Bitcoin knowledge. 01:11:43: Delving into why Bitcoiners should be tolerant of others' positions. 01:19:33: Discussion on emerging personalities that lump NFT projects together with Bitcoin. 01:22:40: Getting Gen Z to get excited about Bitcoin 01:25:00: Which crypto would aliens use if they came to earth? Podcast Mentions Podcast interview with Robert Breedlove
Find Brad Mills on: | |||
| Zion: The Lightning Social Network | 25 Mar 2022 | 01:18:12 | |
On this episode of Magic Internet Money, host Brad Mills meets with entrepreneur Justin Rezvani to discuss his social media project, Zion. Inspired by a censorship-heavy environment on large social media platforms whose hands are forced by governments, Rezvani introduces a social network that is built on Bitcoin. Mills shares his experiences with the Bitcoin community and concerns with the censorship present on large platforms outside of social media, such as YouTube. Justin discusses his interview with YouTuber JP Sears and other influential voices in the fight against censorship. Time Stamps 00:00:20 - Show start 00:01:00 - Introduction 00:02:35 - Internet censorship and the suppression of free speech 00:14:40 - Twitter spaces, Clubhouse plugs 00:16:11 - Interview with Justin starts 00:21:51 - Leaving the social media giants, addictive algorithms 00:28:40 - The value perspective of new social media platforms, tech companies 00:36:06 - Bitcoin and the future of entrepreneurship 00:43:00 - Justin on his conversation with JP Sears 00:46:01 - Justin’s relationship with Tony Robbins, internet infrastructure 00:51:25 - The strength of companies as builders, market signals 00:58:10 - Capital allocation and patronage for bitcoin tech and culture 01:02:42 - Sovereign social media, webs of trust, decentralised identity 01:16:43 - Outro, social media plugs Links to Mentions in the Show Censorship leads to radicalization Paul Graham’s default alive/default dead Find Justin Rezvani Find Brad Mills | |||
| Bitcoin, DeFi, and Long-Term Perspectives | 25 Feb 2022 | 01:36:41 | |
Brad Mills talks about the issues he sees in the current Web3 landscape and venture capital’s role in shaping it. He discusses how NFTs, DeFi yield farming, and memecoins are a potential blackhole for uninformed investment money in the long-term. Preston Pysh and Jeremy Rubin join and provide commentary on their positions when it comes to Bitcoin and its relation with DeFi. The group discusses the future of Bitcoin and altcoins within the current world economic framework before opening the floor to questions from listeners. Time Stamps 00:00:10 - Introduction 00:01:07 - VC in Web3 00:08:00 - Dying Money 00:16:30 - Bitcoin is the Lifeboat 00:19:48 - Guest Introductions 00:22:52 - Preston Pish Introduces Himself and His Views 00:28:00 - Jeremy Rubin Introduces Himself and His Views 00:33:15 - Bitcoin DeFi? 00:38:00 - Preston and Jeremy Talk About Lightning Network 00:43:50 - Why Build DeFi on Bitcoin? 00:45:15 - Long-term Probabilities and Short-term Noise 00:53:00 - Yield in Crypto Lending vs. Legacy Options 00:57:51 - Collateralization of Crypto 00:59:53 - Jeremy Talks About DeFi 01:03:34 - Q&A Intro 01:05:16 - Ethereum Transition to 2.0 01:06:14 - Banks and Bitcoin 01:10:16 - What Preston Pays Attention to in DeFi 01:12:28 - What to Invest in Other than BTC? 01:16:51 - Cheering on the Demise of the Dollar 01:20:02 - Next Countries to Adopt BTC 01:21:40 - BTC Developers Leaving Bitcoin 01:26:58 - Bitcoin E-Waste in Future 01:30:04 - Macro Signals 01:34:50 - Closing Remarks Links to Mentions in the Show The Price of Tomorrow by Jeff Booth Guest Social Links Find Brad Mills on: | |||
| Cape Breton Bitcoin Culture | 22 Oct 2021 | 02:27:36 | |
Brad Mills invites fellow Cape Breton bitcoiners Steven Manley and Dominic onto the show to discuss early adoption of crypto and its relation to Cape Breton culture. Steven talks about his past involving early cryptography, Brad elaborates on the state and history of Cape Breton. Dominic talks about his history retiring from the military and retirement in Cape Breton. The group criticizes governments and their stances on Bitcoin and altcoins, as well as the problems facing not just Bitcoin, but the entire crypto space as regulators come to collect. Time Stamps 00:00:18 - Introduction 00:02:10 - The Post-Trust World 00:08:25 - Show Start and Guest Intro 00:15:04 - Getting into Bitcoin Early 00:19:38 - The current state, Challenges facing Bitcoin 00:27:51 - What is money and the violation of social contracts 00:42:21 - Government relations with cryptocurrencies 00:46:07 - Cape Breton culture 00:52:06 - Bitcoin dominance, relation to altcoins and fiat 00:59:28 - Questioning what money is and government control 01:09:08 - Debt defaults and hyperinflation 01:19:27 - Institutions and speculation, money wrapped up in assets 01:26:01 - Factionalism in the cryptocurrency community 01:32:37 - Bitcoin “a threat to the US dollar”, regulation and institutions 01:42:30 - Trust and altcoin centralization, Bitcoin community vs Altcoin community 01:55:27 - Jack Dorsey, the Twitter API, and relation to Bitcoin 02:02:06 - Bitcoin not going away, life changes, institutional control of finance 02:10:00 - Bitcoin and energy consumption 02:15:40 - Updating away from equalization, Cape Breton modernizations 02:24:03 - Social media plugs and closing remarks Links to Mentions in the Show IMF Concerned about Cryptoization Find Steven Manley Find Dominic Ratelle Find Brad Mills | |||
| Exploring Brad’s Bitcoin Backstory | 22 Sep 2021 | 02:25:59 | |
This is the second episode with Go Full Crypto podcast hosts Keegan Francis and Mrugakshee Palwe. I managed to do an in-person interview with them in my homeland of Cape Breton, Nova Scotia. The major focus of this podcast was on financial literacy and the structure of the financial system. Keegan and Mruga ask me lots of questions on my backstory. I got to tell stories from my past that give my audience an insight into why I have so much conviction for Bitcoin after bootstrapping my own financial wellbeing in my 20's. This was a really fun episode to film and you get to learn about the Bitcoin journey all three of us have been on. Timestamps (00:00) - Introduction (01:48) - Reintroducing Brad (07:54) - Small Businesses and payment in crypto (13:17) - Are we trending towards a Bitcoin global standard future? (22:36) - Long Term Gain vs Short Term Losses, and the value of your money belief system (37:26) - Canada and Bitcoin (47:03) - Scarcity of resources, and the credit system (1:00:29) - Questioning Tax (1:11:27) - Discussing Regulation, Value, and Modern Monetary Theory (1:38:52) - What is the way forward? Discussing monetary philosophy (2:04:52) - The triggers and motivations that push one to understand money (2:14:34) - Bitcoin Sherpa and Closing Thoughts Keegan & Mrugakshee’s Social Links Brad Mills Social Links Magic Internet Money Instagram Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto. Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Can Bitcoin Thrive in the AI-Centric Future? with Nic Gregory | 24 Dec 2023 | 00:44:41 | |
This episode was recorded on April 27, 2023 In this episode, Brad Mills is joined by Nicolas Gregory, an AI connoisseur, fervent bitcoiner, and co-writer of the CivKit White Paper. Amidst a backdrop of financial tumult as depicted in cinematic tales such as “Margin Call” and “The Big Short,” Gregory recounts his evolution from a software engineer entrenched in the throes of the 2010 banking crisis to a pioneer in the Bitcoin and distributed computing revolution. During his tenure in a bank's equities wing, Gregory gained critical insights into the mechanics of derivatives trading—expertise that now fuels his advocacy for Bitcoin's promise amidst the skepticism surrounding centralized financial institutions. The episode uncovers Gregory's early days within the close-knit Bitcoin community of New York, chronicling his transition into the startup sphere following the government's bailout of banks. Throughout the conversation, Brad and Nic dissect the intricacies of CommerceBlock's endeavours, including their trailblazing Mercury wallet initiative. The dialogue shifts toward the shifting landscape of finance in light of emerging Central Bank Digital Currencies (CBDCs) and the potential implementation of Universal Basic Income—developments that are set to redefine the very fabric of monetary systems. The episode delves into the mass exodus of top-tier talent from traditional finance to tech giants and startups, igniting an AI renaissance that threatens to reshape industries and employment. They explore the increasing centralization of AI, its impact on cybersecurity, and the looming threat of job displacement, even within the programming sector. Timestamps [00:00] Commerce Block's Mercury wallet enables anonymous transactions. [03:44] Customized Elements code, explored state chain concept. [06:35] Movies depict financial collapse and banking crisis. [11:13] Peer to peer rising, challenging centralized options. [14:36] Purchasing data centers, centralized AI, computing capacity. [18:02] Insider information hints peer-to-peer disruption ahead. [22:44] AI agents learn and replicate to scam. [24:11] AI agent creates fake negative restaurant reviews. [27:10] AI acceleration threatens privacy, regulations essential. [30:12] AI is replacing jobs in software industry. [33:28] Met at Bitcoin meetup, introduced paradigm, diverse group. [37:28] Creating pluggable toolkit for potential user framework. [41:30] Agree on UBI, transition to sound money. [43:08] Growing up in the 80s, world seemed uncertain. What is CivKit? CivKit is a protocol designed to transform peer-to-peer trading by fostering a web of trust and privacy through its advanced use of Nostr and Lightning Network protocols. Find Nic Gregory Find Brad Mills | |||
| Bitcoin Fundamentals | 25 Aug 2021 | 01:18:09 | |
Show Notes Brad interviewed Robert Breedlove on Real Vision Finance. This episode is a discussion on Bitcoin fundamentals and how they stack up against all the new features and developments taking place on other blockchain and cryptocurrency projects. Robert brings a deep philosophical approach to the topic of finance in general, always supporting his arguments with much needed historical and psychological context. Make sure to listen to the first 10 minutes of this episode, as Brad tacks on a message for his viewers that is not included in the Real Vision version of the episode. Timestamps 00:00:00: Extended intro from Brad to the audience of MiM 00:10:45: Money comes and goes, but time only goes 00:14:18: Show start 00:16:07: Robert Breedlove Introduces himself 00:19:10: Bitcoin 101 & Inflation is theft explanation given by Breedlove 00:26:30: Bitcoin vs Crypto 00:35:20: Why learn more about Bitcoin? Is it old tech? 00:38:20: Competing with Bitcoin as money. Crypto vs. Bitcoin. Breedlove makes comparisons between Bitcoin vs Ethereum and Blackberry vs iPhone 00:41:11: Analogy of the internet 00:46:30: Is the market rational? 00:54:20: Do your friends take your advice on what to invest in? 00:56:44: Hedging Strategies for Bitcoiners 01:04:50: Are Bitcoin Maximalists Evil? Discussion on how to deal with faster and faster change. 1:12:40: Recommendations for who to listen to in the bitcoin space 1:15:02: End of episode + outro Robert Breedlove’s Social Links Brad Mills Social Links Magic Internet Money Instagram Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto. Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Coffeezilla on Tether and Bitcoin | 26 Jul 2021 | 01:18:05 | |
Coffeezilla joins Brad to dig into his motivation for creating the "Exposing Tether" video on YouTube. The two discuss Coffeezilla’s own crypto story, and what made him produce videos that expose scams. Coffeezilla provides a healthy sense of skepticism, and criticism for tether, while Brad drips historical context and commentary throughout. Timestamps 00:00:00 Intro to Coffeezilla 00:07:38 Intro convo between Brad and Coffeezilla 00:10:13 how did Coffeezilla get into the crypto space? (Analysis of scams) 00:12:45 Coffeezilla getting interested in Tether 00:14:15 Tether’s lack of transparency 00:15:35 what was the biggest scam that Coffeezilla uncovered 00:16:50 Coffeezilla’s background 00:18:42 Type of content Coffeezilla covers on his channel 00:20:13 Bitcoin maximalism toxicity 00:23:06 Robert Breedlove and bitcoin 00:27:38 What is Bitcoin’s thesis to Brad? 00:33:11 Coffeezilla’s bitcoin thesis 00:34:56 Facebook, Google, and Surveillance Tech 00:35:40 Centralization in money 00:36:54 Coffeezilla’s opinion on decentralization 00:38:57 Projects before Bitcoin 00:39:33 Will Bitcoin survive regulations? 00:43:00 Executive Order 6102 on Gold 00:44:34 The technology behind Bitcoin and its competitors 00:49:26 How is Bitcoin solving inequality? 00:53:35 Is Bitcoin not subject to Inflation? 00:58:17 Talking about Tether video made by Coffeezilla 01:02:08 Silk Road and Ross Ulbricht 01:08:25 Coffezilla’s and Brad’s opinion on Tether 01:15:38 - Wrapping Up Coffeezilla’s Social Links Brad Mills Social Links Magic Internet Money Instagram Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto. Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Bitcoin, Money Printing, and the Economic Problems of Today | 19 Jul 2021 | 03:26:39 | |
Junseth joins Brad Mills for a discussion about economics and finance. Some think that many of the world’s problems can be traced back to the federal reserve, and the printing of money. Junseth makes a cogent argument throughout that things are a bit more nuanced than this perspective would lead you to believe. Many financial concepts are discussed in this episode, making it an ideal listen for those of you wishing to gain a broader understanding of market dynamics and macro economics. Savings, derivatives, Doge, DeFi, and of course, Bitcoin are all discussed within! Timestamps 00:00:00 - Intro 00:01:22 - Junseth introduction and Bitcoin Conference 00:03:12 - Bitcoin Maximalism vs Crypto 00:05:40 - Junseth’s History with Bitcoin Uncensored Podcast 00:08:00 - How to be a good trader 00:09:36 - Elon Musk to take over Dogecoin 00:11:05 - No Oracles in Bitcoin 00:11:55 - The Mission of Junseth 00:14:58 - DeFi is a lot like a ponzi scheme 00:17:38 - Money and the Federal Reserve 00:19:50 - Junseth says we might be in a deflationary period 00:21:32 - Bitcoin is the thing itself that is valuable 00:23:20 - Applying politics to Bitcoin and modern monetary theory 00:25:40 - Will the government collapse? Or just the dollar? 00:26:42 - Civil war between Conservatives and Liberals 00:28:40 - Bitcoin as an end of the world hedge 00:29:38 - El Salvador experiment conversation about the USD 00:32:20 - Bitcoin reinvents the entire monetary infrastructure 00:35:40 - Making more sense to take on as much debt as possible 00:37:00 - Is inflation real? Is there actually inflation around? Where can we find inflation 00:41:26 - Are salaries rising at the same pace as inflation? 00:43:02 - Quality of life going up over time, easier to buy a good computer for cheaper today 00:45:40 - Where is inflation showing up in the economy? 00:48:50 - Collectibles and Investments in the economy. The power of index funds, and diversification. 00:52:40 - Story of FedEx employee who saved and indexed for 50 years 00:55:25 - Did the federal reserve unwind the quantitative easing that they did? 00:57:00 - Why does the federal reserve target inflation at 2%? 01:00:30 - Managing a portfolio to always be in the asset that is likely to go up 01:02:00 - Who benefits from inflation? Inflation is a tax on foreign companies holding USD. 01:04:40 - People 50 years ago were much more entrepreneurial 01:05:30 - Millennials have more savings than any other generation that has come before 01:06:50 - Renting vs Owning. Can millennials own houses with their current income/wealth level? 01:09:55 - Government Policy is the cause for irresponsible loans 01:11:41 - Putting money in Bitcoin vs stock market in 2011. How much risk would each be? 01:13:20 - Bitcoin is an asymmetric risk. Good opportunity for young people. 01:14:35 - Bitcoin is digital gold, and Brad was buying silver, gold, and also Bitcoin. 01:16:50 - Why does Junseth think Bitcoin is going up? 01:19:00 - How to buy a house with 3% down in Canada vs the USA. Index Funds vs House. 01:27:30 - Brad’s case for why things are not going to continue in the “business as usual” fashion. 01:31:30 - What does it look like for the stock market or economy to take a turn? 01:33:30 - Is there a lot of suffering nowadays? 01:43:01 - Would people care about the economy if they knew how it worked? 01:47:30 - Discussion on Libertarianism, UBI, and Milton Freedman 01:53:22 - Do people hold dollars? Junseth says most people don’t hold dollars 01:58:20 - Discussion on whether or not money printing causes all bad things? 02:04:00 - The morality of how money is made 02:07:03 - Buffet getting a call from the fed when the 2008 crash occurred 02:10:33 - Rich people suffer more during a market downturn 02:14:44 - Kids and graduating college kids are roped into credit card debt 02:17:30 - In depth discussion on brads upbringing, and his experience with debt 02:24:55 - Credit card debt is not collateralized, so you never need to pay it back 02:29:02 - Fractionalization of money within the banking infrastructure 02:33:50 - Do bank executives make too much money for their position? 02:39:22 - Discussion as whether or not you can own volatility 02:49:50 - What are derivatives? How did derivatives play into the 2008 crash? What are inside collateralized debt obligations? 03:00:00 - The five things to fix society! 03:03:45 - Discussion on COVID-19 and its causes, elaboration on crisis 03:12:55 - Brad brings things back to the central bank printing money 03:20:00 - Wrapping up, Closing Thoughts Links to Mentions in the Show Find Junseth Find Brad Mills Magic Internet Money Instagram Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto. Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Lightning on the Bitcoin Beach Wallet | 28 Jun 2021 | 00:57:45 | |
Nicolas Burtey joins Brad to discuss what it is like building the Bitcoin Beach Wallet on the Lightning Network. Nicolas is the co-founder of Galoy Money, a company that works on bringing the lightning network to the people who need it, through open sourced, community based applications. This episode covers a range of topics including Bitcoin Beach, Lightning Network Scalability, and the merits of building on lightning in the midst of the DeFi frenzy. Nicolas brings his perspective as someone who has worked on VR, then Ethereum, then dedicating his time exclusively to Bitcoin. Timestamps 00:00:00: Podcast Start and Introduction 00:03:40: Nicolas’s Introduction and conversation begins by talking about Bitcoin Beach 00:05:50: Nicolas’s backstory as someone who got into VR, then cryptocurrency through Ethereum 00:09:07: Nicholas starts looking into the lightning network from a payments perspective 00:14:32: Investors are sleeping on the lightning network, DeFi attracting Investors through deceptively enticing ROI 00:18:25: What it is like building on the lightning network 00:24:02: Building the Bitcoin Beach community with Michael Peterson 00:27:20: Discussion on Custodial vs Non-Custody Wallets. Bitcoin Beach Wallet is Custodial and acts as a sort of Community Bank 00:29:00: How is the Wallet of Satoshi scaling? 00:31:28: Economics of El Zonte and El Salvador 00:35:20: People trading in El Salvador, should people even try trading? 00:37:38: What does it take to scale the Bitcoin Beach Wallet? 00:40:50: How to help with the Bitcoin Beach Wallet project 00:42:10: Thirty communities have reached out to the Bitcoin Beach Wallet. What is the future of the lightning network in these communities? 00:44:00: Translation of Bitcoin content into various languages 00:47:04: Bitcoin Lessons building bite sized Bitcoin educational material 00:49:52: People travelling to El Salvador to help with Bitcoin education 00:52:01: How to help out with the Bitcoin Beach Wallet. Brief discussion on Proof of Reserves, Liquidity on the Lightning Network. 00:55:00: Outro, thanks and pitch to invest in Lightning Network Companies Links to Mentions in the Show Guest Social Links Brad Mills Social Links Magic Internet Money Instagram Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto. Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Real Vision and Finance | 21 May 2021 | 01:47:06 | |
In this episode of Magic Internet Money, host Brad Mills invites Coindesk editor Ash Bennington onto the show to talk about Real Vision, Ash’s online web show about the world of finance. The duo discuss Ash’s experience at Coindesk and during the Dotcom bubble in the late 90’s. Brad questions Ash on the part he plays in his own show, most notably as a neutral voice between guests. Ash offers his thoughts on blockchain technology and how the digitization of finance, like everything else digital seems inevitable. Time Stamps 00:00:31 - Introduction 00:04:10 - What is Real Vision? 00:07:32 - How Ash got into crypto 00:15:27 - Differences between financial journalism and media 00:18:18 - Token speculation and securities discussion 00:24:58 - Comparison between blockchains and traditional finance 00:31:33 - Security protocols and blockchain upgrades 00:37:40 - Social media influence on markets, their effects 00:45:03 - Benefits of blockchain technology 00:49:46 - Game theory and governments 00:56:57 - Bitcoin philosophy and related questions 01:01:02 - History of centralized banks and decentralized finance 01:08:05 - Risk and how institutions manage it 01:13:20 - The fed and the pandemic 01:17:00 - “How is the banking system not on the brink of collapse?” 01:28:00 - Reducing cost of goods, rising cost of education, health 01:31:35 - Twitter question for Ash, future speculation and goals 01:37:29 - 2001 bubble analogies, then and now 01:45:08 - Closing remarks Links to Mentions in the Show Distributed Ledger Technology (DLT) The Creature from Jekyll Island Find Ash Bennington Find Brad Mills Magic Internet Money Instagram Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto. Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Why Buy Bitcoin | 04 May 2021 | 01:34:50 | |
On this episode of Magic Internet Money, host Brad Mills invites Why Buy Bitcoin author Andy Edstrom onto the show to discuss the potential that Bitcoin has in the world of finance. The two open with a discussion about “number go up (NGU)” tech and Andy’s book. Brad asks Andy for his take on how institutional backing stands to benefit Bitcoin. Andy talks about debt structure and his experience in finance and how working with institutional players educated him with insight into how modern markets work. Finally, the two wrap up with a discussion about what governments at local and international levels are doing to handle the current economic situation. Timestamps 00:00:07 - Intro 00:01:30 - Show start 00:05:50 - “NGU tech” and writing Andy’s book 00:10:22 - Institutional buyers and game theory 00:16:48 - Financial planning in an institution vs as an individual 00:24:10 - Bitcoin and equal opportunities 00:27:24 - Speculation on altcoin and bitcoin futures 00:37:40 - Balance in finance; staying diverse in turbulent markets 00:40:31 - Andy’s “worst investment ever” and “If I had 1000 bitcoin” 00:49:50 - Debt structure and Michael Saylor 00:57:40 - Newcomers to Bitcoin and risk 01:03:40 - Discussion about Andy’s book and time with crypto 01:07:40 - The Californian exodus and the politics of taxation 01:15:45 - “What could governments do?” Japanese central banking 01:22:11 - Speculation about institutional money holders 01:29:43 - Ethical case for Bitcoin 01:32:20 - Closing remarks Links to Mentions in the Show Negative interest rates in Japan Find Andy Edstrom Find Brad Mills Magic Internet Money Instagram Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto. Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Bitcoin Breaking Into Traditional Finance | 27 Apr 2021 | 02:08:20 | |
Brad Mills invites financial expert Greg Foss onto the show to talk about Bitcoin breaking into traditional finance. Greg discusses his 30 years of experience in the field of engineering and finance. Greg further explains to Brad the differences between a closed end fund and an ETF, and why a closed end fund in Canada is a big step for Bitcoin. The two debate about the current financial system; Brad on the side that it’s a ponzi scheme casino and Greg on the side of mathematics. Finally the duo speculate about the current state of the Canadian economy, and what Bitcoin might be able to do to help. Timestamps 00:00:07 - Introduction 00:02:23 - Show start 00:04:44 - QBTC vs Bitcoin, what’s the difference? 00:07:04 - The importance of tax deferred accounts permitting Bitcoin 00:14:11 - Differences between an ETF and a closed end fund 00:22:10 - Archegos “black eye on the US hedge fund community” 00:25:17 - Currency Wars discussion and other book recommendations 00:28:00 - The Casino for whales debate 00:37:34 - A brief economic history lesson about Rogers Communications 00:44:44 - Credit rating arbitrage discussion 00:48:05 - Shareholder profits, taxpayer losses. 00:55:40 - Understanding capital structure and the regulated market 01:04:00 - Quebec pensioners and lessons about risk 01:08:40 - The higher perspective of the regulated economy 01:12:45 - Bitcoin as default protection 01:15:55 - Why do banks have equity? 01:19:43 - Toxic debts and brady bonds conversation 01:28:55 - How equalization affects Canadians 01:33:05 - What if Canada owned Bitcoin? 01:36:04 - The Alberta situation and Canadian economic speculation 01:40:14 - Discussion on the adoption of Bitcoin 01:47:25 - Validus Power Company discussion 01:52:10 - Bitcoin and it’s relation to traditional finance giants, MMT 02:00:50 - Closing remarks about gold 02:04:39 - Outro and social media plugs Links to Mentions in the Show Currency Wars by James Rickards What is credit rating arbitrage? Find Greg Foss Find Brad Mills Magic Internet Money Instagram Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto. Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| The Price of Tomorrow | 20 Apr 2021 | 01:04:02 | |
In this episode, Brad teams up with Jeff Booth, author of 'The Price of Tomorrow' and one of the leading voices on technology and its impact. His book delves into how technology brings forth abundance and the danger of holding onto the economic systems of the past. As a person who's worked in the technology space for over 20 years and is an avowed Bitcoiner, Jeff has some interesting insights to share on how those two fields intersect. The two talk about the long-term impact of money printing, why Bitcoin is superior, and why deflation is a good thing for economies. Plus, how does Elon Musk balance allegiances to Bitcoin and the Fiat money world? Timestamps 00:00:00 - How does Jeff balance being an entrepreneur and the whole media circuit? 00:01:59 - The conviction of any entrepreneur, and Elon Musk nearly lost Tesla 00:04:26 - Lessons from Jeff's parents after they lost real estate in the '80s 00:07:36 - Why inflation is hidden tax - that enriches the 1% 00:18:53 - Universal basic income is against the concept of free markets 00:26:39 - Bitcoin is not the backup plan – it's the plan 00:40:26 - What could Elon Musk's thought process be on Bitcoin? 00:47:25 - Bitcoin's more than just about price 00:48:00 - What would it have been like if we'd been on a deflationary currency since the gold standard? 00:53:06 - There's no place you can hide if 90% of humanity lacks the basics and 5% has everything 00:55:53 - AI and drug experimentation/ breakthroughs 00:58:21 - How was it like for Jeff to speak to the House Of Commons about Bitcoin? 01:02:08 - How does Jeff's wife perceive Bitcoin? Podcast Mentions The Price of Tomorrow (Book by Jeff) Humans Need Not Apply (book) Artificial general intelligence Elon Musk's "Bitcoin is almost as bs as Fiat money" tweet Find Jeff Booth on: Find Brad Mills on: Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Popping the NFT bubble | 02 Apr 2021 | 01:27:33 | |
In this episode of Magic Internet Money, host Brad Mills invites fellow podcaster Jordan Harbinger onto the show to discuss NFTs, second passports, taxation, and money laundering. Both parties agree on the speculation that NFTs are a tulip style bubble, but are here to stay. The duo share their experiences paying taxes in the cryptocurrency space. Jordan explains how tax evasion is nearly pointless with Bitcoin, since the point of the blockchain is accountability. Jordan also offers his experiences in scam busting, and explains how NFTs could be a new gateway for money launderers akin to money laundering in the art collecting business. Finally, the two discuss the possibilities of second passports in the event of government overreaching for crypto assets. Timestamps 00:00:34 - Show start/Collectable value 00:12:38 - Asset allocation with Bitcoin and related assets 00:19:25 - NFT bubble speculation 00:26:39 - Current Bitcoin trend, what it would take to change it 00:33:03 - How circumstances affect how deep into Bitcoin you should go 00:36:18 - “The demise of the stock market” and speculation about the fed 00:39:45 - The value of diversifying assets and self investment 00:44:40 - How the podcast market shifted during the pandemic 00:48:34 - Who’s talking about NFTs? 00:58:35 - Jordan’s story about Ethereum 01:03:00 - Measuring in Bitcoin terms 01:13:05 - Taxation and Bitcoin 01:18:55 - Speculation about “government overreach” 01:24:08 - Closing remarks and social links Links to Mentions in the Show ICOs and why they’re important Find Jordan Harbinger Find Brad Mills | |||
| The Future of NFTs | 26 Mar 2021 | 01:20:36 | |
In this episode of Magic Internet Money, host Brad Mills invites lead editor of BoxMining.com, Michael Gu onto the show to discuss the recent NFT boom. Brad warns it’s a “tulip style bubble”, but remarks it’s a technology that’s here to stay. Michael offers his experience working in the field of gaming as an example of the future of NFTs. The two discuss how the field of collectables and art sales could be changed by the adoption of NFT technology. Brad and Michael speculate on altcoins, the effects from macromarkets on crypto, and the philosophy of Bitcoin. They further speculate on the future of crypto asset based games and what a successful model for one might look like. Timestamps 00:00:43 - Show start 00:00:56 - The NFT bull market 00:04:59 - Ethereum’s relationship to NFT 00:08:40 - Game assets not a model for NFTs 00:13:08 - History between ETH and BTC 00:17:58 - Bitcoin maximalist philosophy 00:21:23 - Maximalism and motivations in life 00:24:12 - Risk among cryptocurrencies 00:31:50 - Risks for newcomers in the crypto space. “Degen pits”. 00:39:00 - Anti-altcoining and the debate around it 00:43:04 - Macro markets and their relation to Bitcoin 00:46:36 - Infinite Fleet and NFT video game assets 01:00:27 - The metaverse and the economic side to gaming 01:05:10 - The collectables market 01:12:03 - Crypto games and non-crypto games 01:15:06 - Recommendations about Bitcoin and NFT 01:20:14 - Closing remarks and outro Links to Mentions in the Show Find Michael Gu Find Brad Mills: | |||
| The Ethical Dilemmas of AI and Crypto: A Critical Examination with Liron Shapira | 23 Dec 2023 | 01:34:49 | |
This episode was recorded on April 25, 2023 In this episode, Brad Mills is joined by Liron Shapira, a vocal critic of the cryptocurrency landscape and an advocate for rational thinking in the age of digital disruption. Together, Brad and Liron navigate the tricky topic of artificial intelligence - dissecting the existential threats that loom over humanity as AI's capabilities grow increasingly advanced. They ponder the profound implications of AI surpassing human intellect and the potential havoc it could wreak, from manipulating markets to commandeering communication channels. As the conversation turns to the realm of cryptocurrency, they scrutinize the seismic shift from crypto to AI investments and the ethical dilemmas that have emerged within the tech industry. The episode features a candid look at the changing face of platforms like Coinbase, the integrity of blockchain technology, and the controversial rise of Web Three ventures. Amidst the critical conversations, there is room for optimism. Brad and Liron consider the transformative possibilities of technological advancements in reducing scarcity and discuss the voices leading the discourse on AI challenges and opportunities. Timestamps [00:00:00] Leron Shapira, known for humorous VC critiques. [00:06:00] Some in crypto may be called grifters. [00:14:58] Doubts about ethical behavior in the tech industry. [00:18:46] Cryptocurrency companies protect interests, fear potential loss. [00:23:14] Bitcoin warned about high fees in Ethereum. [00:28:11] Speculation on digital assets and their future. [00:35:46] Twitter usage down, migration from crypto to AI. [00:40:38] Soft targets for extraction and scamming abound. [00:47:16] AI writing viruses, spam and identity theft. [00:51:45] GPT Four still has flaws, not ready. [00:58:52] Book explores technology's deflationary impact on economy. [01:01:27] Fear of AI surpassing human intelligence is justified. [01:08:28] AI-driven decentralized technology signals imminent economic disruption. [01:13:37] Twitter best for daily AI doom updates. [01:19:16] Politicians avoid hard choices, fear market crash. [01:21:19] Urging political action to halt AI development. [01:28:20] Politicians are manipulated, rationality often overlooked. [01:33:36] Worried about disruptive effects on economy and communication. Find Liron Shapira Find Brad Mills | |||
| Exploring NFTs | 19 Mar 2021 | 01:11:33 | |
In this episode of Magic Internet Money, host Brad Mills invites NFT (Non-Fungible Token) specialist and art collector, Steve Wand to the show to discuss the recent boom in NFTs. Steve explains what NFTs are and his experience with virtual assets and collectables pre-NFT. For the unaware, the short version is that NFTs are a blockchain signature that can be attached to digital items and then sold. Wand discusses a little bit about the “metaverse”; the concept that the digital space will increasingly resemble meatspace. The two share their history with virtual economies from video games like World of Warcraft to various blockchain projects. Timestamps 00:01:39 - Show start and introducing NFTs 00:05:08 - Cryptopunks and past NFT projects 00:07:07 - The value found in digital assets 00:14:10 - Altcoins and tokens; why NFTs are different 00:18:27 - Ethereum struggles and digital art 00:23:07 - Potential NFT bubble 00:30:00 - Virtual real estate and other digital goods 00:36:56 - Future use cases for token technology 00:49:32 - Future speculation 01:09:32 - Social media plugs and wrap up Links to Mentions in the Show Find Steve Wand: Find Brad Mills: | |||
| Opting Out of Unfair Systems | 12 Mar 2021 | 01:10:54 | |
In this episode, Brad is joined by Justin Rhedrick, a.k.a Bitcoin Vegan. As a Bitcoin maximalist, a black man, and an ex-prisoner, Justin's Bitcoin story provides a unique perspective that's world's apart from that of the average Bitcoiner. After getting out of prison, Justin discovered Bitcoin through his grandfather, then his friend Isaiah Jackson (Zay). His story is one of resilience, grit, and Bitcoin at the end of the tunnel. As a guy who went to prison, the traditional system is not exactly amenable to him. Luckily, Bitcoin is a way to opt out. Tune to hear Justin's inspiring story, as well as his and Brad's takes on issues currently surrounding Bitcoin. Timestamps 00:00:00 - Justin on why Clubhouse is a firsthand experience on all things Bitcoin 00:02:29 - Misconceptions about Bitcoin that won't die 00:04:41 - How everyone is asking about Doge on Clubhouse, and 'toshis' 00:07:41 - Brad's 75-day challenge including buying Bitcoin every day 00:09:51 - Justin on why Bitcoin is like Floyd Mayweather 00:20:42 - As a vegan, is Justin mad about "No Keys, No Cheese"? 00:24:29 - Justin's story - his comeback story powered on by Bitcoin 00:40:32 - Brad and Justin's experiences with judgment in the Fiat system 00:48:05 - On Charlie Shrem, Ross Ulbricht and Roger Ver 00:51:00 - Slavery in prisons, and opting out of unfair systems with Bitcoin 01:02:52 - Why Justin and Charlie Shrem should do a podcast together 01:07:40 - Justin's social media plugs Podcast Mentions How Money Got Free, Book Find Justin Rhedrick on: Find Brad Mills on: | |||
| Bitcoin, Dogecoin, and Outrage Culture | 05 Mar 2021 | 00:55:23 | |
Brad is joined by friends Bryan O’Gorman and Nick Beaton for a fun comedy style podcast. Bryan and Nick come to Brad with fresh questions from a beginners perspective after the recent run up with Bitcoin. This episode has topical conversations on Outrage Culture and how it is affecting the comedy scene. Additionally, the trio discusses Elon Musk and his endorsement of Dogecoin. Brad layers this discussion by always bringing things back to Bitcoin. Tune in for good memes, and great fun. Timestamps 00:00:00 - Show Start 00:02:35 - Introductions 00:04:02 - Are you thinking of Buying Bitcoin? 00:06:25 - Bitcoin is up 15x in 18 months 00:06:51 - Nick Buys Bitcoin with Brad’s Bitcoin Card 00:08:30 - AMC Stock Vs. Bitcoin (Company vs. New Money) 00:09:40 - Brad’s Thoughts on Dogecoin 00:12:37 - “Have fun Staying Poor” 00:14:38 - Stocks vs Bitcoin. World Transferring its Wealth into Bitcoin. 00:16:50 - Toilet Paper Fiasco of 2020 00:17:24 - Everyone has too much Debt “Everybody’s Leveraged way too much, because money is just debt, people are overleveraged”. 00:23:00 - Discussion on Black Lives Matter & Outrage Culture 00:28:25 - Two Scenarios for the Future 00:33:30 - Can you Buy Things with Bitcoin? Brad gives the Satoshi Gospel 00:36:20 - Thinking in Dollars 00:37:25 - Bryan: Should I wait for a Dip? 00:41:40 - Where is Comedy Going? Discussion on Comedy in COVID era 00:49:40 - Real Advice for Bitcoin 00:51:05 - Canadians can get Tax Free Gains on Bitcoin 00:53:50 - Nick and Bryan’s Financial Plan for the Next Time They Meet 00:55:15 - Outro Links to Mentions in the Show Find Bryan O’Gorman Find Nick Beaton Find Brad Mills: Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Bitcoin and Black America | 26 Feb 2021 | 01:02:16 | |
On this episode of Magic Internet Money, host Brad Mills invites Isaiah Jackson onto the show to discuss how Bitcoin is benefitting the black community. Isaiah informs Brad of how racism is baked into the financial system. Isaiah explains the resistance in the black community towards libertarian mindsets and adopting Bitcoin. The duo discuss their experience in educating others about Bitcoin, including Soulja Boy who has recently inquired about the currency. Timestamps 00:00:20 - Introduction 00:03:05 - Show start 00:04:10 - Introducing Isaiah Jackson 00:13:37 - The claim with “you got lucky” 00:16:25 - Black Bitcoin Billionaires 00:23:22 - Bitcoin’s early scene and why didn’t more black people join 00:27:19 - Isaiah’s experience with Bitcoin and the black community 00:34:02 - Financial racism towards the black community 00:41:32 - Soulja Boy asking about Bitcoin 00:48:40 - The Tulsa massacre and group economics 00:50:55 - Closing remarks and advice 01:00:42 - Social media plugs Links to Mentions in the Show Soulja Boy investigating Bitcoin Find Isaiah Jackson Find Brad Mills Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Occupy Wall Street 2.0 | 24 Feb 2021 | 01:00:44 | |
On this episode of Magic Internet Money, host Brad Mills invites fellow podcasters Max Keiser and Stacy Herbert onto the show to discuss the stock market fiasco caused by r/WallStreetBets. The group discusses how it resembles the 2008 housing bubble and other stock market crashes. Max passionately defends Millennials and Generation Z’s “right to compete”. Brad discussed the history of fraud that Wall Street bankers have dabbled in over the years and the fallout of those controversies and how they related to the Gamestop Short. Time Stamps 00:00:19 - Intro 00:02:21 - Show start 00:04:10 - What is shorting? 00:11:20 - Why did Millennials buy GME? 00:16:18 - How GME resembles 2008 00:19:45 - The Bailout Chain 00:21:14 - Citadel, RobinHood, and how dominoes fall 00:24:00 - Occupy Wall Street in cyberspace 00:28:48 - Market rigging software 00:31:40 - London: the capital of fraud 00:35:18 - What could crash markets? 00:42:00 - Banking crisis 00:47:55 - How banks “killed Greece” 00:50:51 - “Bitcoin is the best way to do battle against crooks” 00:53:03 - Bitcoin vs “Shitcoins” 00:57:53 - “Attack on the Capital in cyberspace” and closing remarks Links to Mentions in the Show How are Melvin, Citadel, and RobinHood Related? Find Max Keiser
Find Stacy Herbert Find Brad Mills: Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Bitcoin Only vs ETH/DeFi/Altcoins | 11 Feb 2021 | 01:32:40 | |
In this episode, Brad taps Ivan Brightly to analyze Bitcoin's current crazy rally and its lifting of altcoins with it. Ivan is Brad's friend, fellow Bitcoiner, and investment partner. He was also an early partner at Mike Novogratz's crypto investment firm Galaxy Digital. The two get into one of the space's most touchy debates: should you put your money in Bitcoin only, or should you bet on altcoins as well as DeFi? Some sections of DeFi have raised eyebrows as some people question whether it's really about 'decentralizing finance' or if there's more than meets the eye. Tune in to hear the two's (often contrasting) stances on this and more. Timestamps 00:00:00 - Intro by Brad 00:03:31 - On 'Bitcoin freeriding', recent 51% attacks and the BTC/BCH war 00:22:50 - Blockchain applications are cool, but do we need all these accompanying tokens? 00:25:50 - Is DeFi really about helping people? 00:34:41 - Lightning Network's privacy or lack there of it 00:46:44 - The thing with 'DAO's 00:52:51 - Are tokens going to replace equity? 00:57:00 - Brad's strong case for Bitcoin-only investing 1:24:55 - Ivan and Brad's closing arguments on whether you should go Bitcoin-only 1:29:35 - Why you should check out the Lightning Network Ivan Brightly and Brad Mill's First episode Mike Novogratz of Galaxy Digital Satoshi's disapproval of WikiLeaks' use of Bitcoin Monero Sybil attack, Bitcoin Gold, and Firo's 51% attacks Uniswap and Sushi Swap DeFi protocols Find Ivan Brightly on: Find Brad Mills on: Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| The Fourth Turning, Mycelium networks and Bitcoin | 04 Feb 2021 | 01:36:08 | |
On Episode 35 of Magic Internet Money, host Brad Mills invites Brandon Quittem on the show to talk about mycelium networks, a generational theory called The Fourth Turning, and the global financial system. Brandon introduces himself and his background in yoga and travelling India for four years. He transitions into the discussion about how Bitcoin resembles mycelium networks and functions not unlike a living organism. Brad remarks that after learning about the cordyceps mushroom, Bitcoin “takes over your brain” like the zombifying fungus. Brandon explains what The Fourth Turning is to Brad, and the patterns that occur between generations reveal themselves. Brandon believes we are in the midst of a Fourth Turning at this time, and discusses a forecast of events to come. Things such as the possibility of a civil war in America, but not in the traditional sense and a “Bitcoin renaissance”. Time Stamps 00:02:36 - Introduction 00:03:54 - Brandon’s background and mycelium 00:15:25 - Bitcoin as a mycelial network 00:21:30 - Bitcoin takes over your brain and adoption 00:27:33 - The Fourth Turning 00:38:40 - Climax of The Fourth Turning 00:43:20 - Popular culture defined by the left 00:49:30 - Minneapolis protests and contemporary rhetoric 01:02:18 - Trump possibilities and the left 01:07:16 - Bitcoin Renaissance 01:09:40 - Benefits of Bitcoin 01:15:00 - Bitcoin is a peaceful revolution 01:20:30 - The alt-coin question 01:25:30 - Bitcoin resources 01:34:28 - Outro Links to Mentions in the Show Ralph Merkle and Bitcoin as a living thing Donald Trump banned from twitter The largest wealth transfer ever Find Brandon Quittem Find Brad Mills: Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| GoFullCrypto Crossover Episode | 02 Feb 2021 | 01:49:21 | |
In this episode, Brad is joined by Keegan Francis and Mrugakshee Palwe. Keegan and Mrugakshee are behind Go Full Crypto, a podcast and service that helps people transition into crypto. Mrugakshee, being a woman from India, represents the diverse faces in Bitcoin and crypto. As a native of India, what are her Bitcoin lessons? Tune in for this and everything including financial self-custody, hyperbitcoinization, CBDCs, and more. Timestamps 00:00:00 - Intro by Brad 00:03:38 - How Brad discovered and connected with Keegan and Mrugakshee 00:06:33 - Brad on engaging with diverse Bitcoin voices onwards 00:10:03 - Bitcoin and taxation, libertarianism, and how about pushing Bitcoin on marginalized Cape Breton 00:21:33 - Social disparities Bitcoin can fix - personal experiences by Mrugakshee and Brad 00:34:41 - Discussion on Bitcoiners and the need for empathy 00:40:40 - Delving into hyperbitcoinization and how it would manifest 00:42:57 - Chat on self-custody of keys and role of encryption in self-sovereignty 00:48:43 - Keegan and Mrugakshee on their families' attitudes towards Bitcoin 00:51:23 - Politics of universal wealth distribution and achieving universal Bitcoinization 1:17:13 - Pivot into central bank digital currencies (CBDCs) 1:19:35 - Human rights and privileges and whether Bitcoin's a cure-all 1:37:08 - Elevator pitch by all three on why you should look into Bitcoin 1:44:05 - Where to find all three Podcast Mentions Isaiah Jackson on Go Full Crypto Story of Dan Clarke on Go Full Crypto Ansel Lindner on Magic Internet Money How to Get Filthy Rich in Rising Asia Money, Bitcoin and Time blog by Robert Breedlove The Big Short, movie Find Keegan & Mrugakshee on: Find Brad Mills on: Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Expert Bitcoin Analyst Willy Woo | 21 Jan 2021 | 01:35:03 | |
Magic Internet Money: Willy Woo In this episode, Brad is joined by one of world’s most popular personalities: Willy Woo. Willy has over 200,000 followers on Twitter and is Substack's currently best-rated investment newsletter. Most people know Willy as the on-chain analyst, but they haven't gotten the chance to hear him one on one. He talks for the first time about last March's Adaptive Capital shut down, as both reveal their stake in the fund and how they rode out the fallout. Tune in for illuminating discussions on more Bitcoin trends. Timestamps 00:01:00: Introduction by Brad 00:03:17: Willy's newsletter, 00:04:45: Willy on BTC's current bull run 00:14:09: Willy's analysis of the direction of exchanges' traffic 00:16:29: Willy's newsletter and his on-chain analysis 00:19:00: Discussion on Bitcoin’s fit into Willy's personality spectrum 00:28:26: The Satoshi mystery 00:31:31: Willy's first foray into investing 00:55:21: 'Stoic philosophy' and Zen 01:02:46: Willy's approach to the recent financial crisis 01:06:30: Adaptive Capital's and lessons learned 01:15:15: Bitcoin's cycles 01:31:41: Brad's 75-day challenge 01:32:53: Where to find Willy on social Podcast Mentions Microstrategy buying of Bitcoin Blackrock's endorsement of Bitcoin Willy's cool "Shit runs downhill" chart Proof of Keys, Trace Mayer Laura Shin, host of Unchained Podcast Adaptive Capital closure Find Willy Woo on: Find Brad Mills on: Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Ivan Brightly as the Super Bitcoin Bull | 16 Jan 2021 | 01:07:24 | |
In this episode of Magic Internet Money, host Brad Mills discusses guest Ivan Brightly’s time being partnered with Galaxy Digital. Galaxy began as a hedge fund that has since shifted its scope to become the “Goldman-Sachs of Crypto”. Ivan discusses his experience with the company before his departure in January. The pair discuss the impact that ETFs are having and may continue to have on cryptocurrency markets. In addition to that impact, ETFs have the potential to bring centralization to the market. Brad and Ivan debate about Coinbase being anti-bitcoin and whether or not it remains true to libertarian philosophies. Finally, the two share their lessons learned over the past few cycles and share their crypto portfolio experiences. Time Stamps 4:20 – “Saylorization” of the investment class and cipherpunk values 10:20 – The Risk of government intervention 22:53 – Importance of ETF 38:20 – Options about GBTC/QBTC 57:30 – Lessons learned over past cycles Mentions from the Show Ben Hunt’s podcast, Epsilon Theory Chaincode and Blockstream developer tools
Find Ivan Brightly at: Brad Mills Social Links Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| John Carvalho on Bitcoin's Role in Web Decentralization | 22 Dec 2023 | 01:36:24 | |
This episode was recorded on December 8, 2022 In this episode, Brad Mills interviews the knowledgeable and insightful John Carvalho. Brad and John dive deep into a range of topics including different perspectives on Bitcoin, decentralized technology, and the challenges of creating alternative solutions. They also explore the concept of slash tags, the power of reputation and web of trust, and the importance of self-regulation without government intervention. With their extensive experience in the crypto space, Brad and John provide valuable commentary on Bitcoin and explore thought-provoking perspectives on the future of the decentralized web. Building the Bitcoin Ecosystem: A Post-Hyperbitcoinization Vision John Carvalho, CEO of Synonym, discusses the underpinnings of Synonym, a venture that promises a comprehensive ecosystem for an alternative society and economy post-hyperbitcoinization. Synonym's design principles hinge on leveraging Bitcoin, Lightning, and HyperCore as foundational technologies, steering clear of bloated blockchains to create a more streamlined, efficient, and sovereign web experience. Block Tank and LSP: Enhancing Lightning Reliability Synonym's project, Block Tank, seeks to improve the Lightning Network's reliability and usability. As an LSP (Lightning Service Provider) service, Block Tank aims to simplify business onboarding and wallet functionality, with the broader ambition of fostering a healthy Lightning Network ecosystem through interoperability specifications. John envisions bitcoin not just as a currency, but as a catalyst for self-regulatory mechanisms, effectively replacing centralized entities in finance and communication. Slashtags: A New Primitive for Trust and Identity At the heart of Brad and John’s discussion is Slashtags, a technology set to revolutionize peer-to-peer web solutions. By incorporating HyperCore, Slashtags aim to dismantle reliance on major tech firms, paving the way for decentralized search, publishing, and communications. This component aligns with John’s perspective on a self-regulating society free from government intervention, where reputation and web of trust frameworks can flourish. Reflections on the Bitcoin Maximalist Ethos A self-proclaimed critical thinker and bitcoin maximalist, John discards the belief that the bitcoin blockchain serves any purpose beyond handling bitcoin transactions. His approach is a testament to the power of innovation without reliance on blockchain technology for all solutions. This mindset is what propels Synonym to build technologies that enable a wide range of applications without compromising on decentralization. In his reflections, John criticizes the deceptive narratives that often engulf the crypto space, especially during bull markets. He challenges the baseless elevation of blockchain as a catch-all solution and emphasizes the importance of addressing actual problems over pursuing quick riches. Innovating with Integrity Despite John’s bitcoin maximalism, he recognizes the need for interoperability with other blockchain platforms. The acknowledgment of practical solutions over blockchain orthodoxy indicates a balanced approach toward the evolving landscape of decentralized finance. In this conversation between Brad Mills and John Carvalho, we gain insights into an alternative societal vision grounded in bitcoin's philosophy. Synonym stands as an exemplar of how technology should be wielded: to empower, not exploit. As John and Synonym pave the way, this episode serves as a reminder that the future of the web and finance is not tied to blockchain ubiquity but rather to the thoughtful application of decentralized principles. Time Stamps [00:04:46] Bitcoin dismantles existing systems [00:09:03] Web3: incentivize app usage, corrupt with tokens [00:14:48] Narrative war persists, shitcoiners won't quit [00:24:58] Stablecoins used for escaping inflation in fiat [00:32:51] Changes in history result in new blockchain [00:42:10] Limitations and risks of private peer-to-peer communication [00:46:35] Multi coin wallets face interoperability challenges [00:55:49] Names can be changed but keys remain [01:02:38] Better decision making through digital trust tools [01:08:10] Slashtag beta version has bugs but functional [01:12:12] AI: potential for privacy issues, censorship, monopoly [01:23:14] Bitcoin keys [01:28:01] Be skeptical of lost keys and create backups Find John Carvalho Find Brad Mills | |||
| Dismantling Financial Apartheid | 12 Jan 2021 | 01:08:00 | |
In this episode, Brad Mills, host of the Magic Money Internet Podcast, is joined by Ray Youssef, the founder of Paxful. The two discuss a range of topics during this episode such as Bitcoin, Africa, and the story of how Ray founded Paxful. Today, Paxful is a network with more than 5 million global users, with more than half of them from the continent of Africa. Tune in to hear how Ray Youssef goes from being a serial entrepreneur, to founding the Paxful network, to dismantling Financial Aparthied. Time Stamps 0:2:15: Introduction 0:0:09: Ray’s Journey with Bitcoin 0:7:31: Ray’s Experience with Regulators 0:10:10: Discussion on Financial Aparthied 0.16:08: Bitcoin vs Stablecoins and Opportunities in Africa 0:21:56: Sanctions Against Paxful 0:27:32: Paxful Fees and Volumes 0:28:10: Paxful Education Goals and Customer Support 0:35:07: Paxful's Affiliate Program 0:36:33: Paxful’s Expansion in 2021 0:41:46: Paxful in India 0.46:33: Paxful Daytraders 0:53:11: Managing Paxful on a Day to Day Basis 0.57:33: Ray’s Leadership Values 1:03:08: How to Engage with Paxul, Show Summary, Social Podcast Mentions Hawala peer-to-peer system Chaincode Labs residency India's crypto ban and subsequent lifting Find Ray Youssef on: Find Brad Mills and Magic Internet Money on: Magic Internet Money Facebook Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| How Does Bitcoin Affect Human Rights? | 22 Dec 2020 | 01:05:34 | |
Alex Gladstein is a Chief Strategy Officer at the Human Rights Foundation which is a registered charity that has been helping protect individual rights in authoritarian countries in the world since 2006. In this episode, we talk about bitcoin being the trojan horse that can supersede all fiat currency as well as helping overthrow corrupt, communist regimes.
Some of the topics we discuss in this podcast are: How can we affect real change in the world that helps human rights via financial technology? The Lucky Billion… Do entrepreneurs donate to human rights? The History of Satoshi Being Just as Important Presently as before. Bitcoin is a virus that destroys and replaces authoritarian economies. Don’t be a sheep. The most important things about bitcoin… Break out of Twitter. Where does brian get his sources of information? Bitcoin Can Be Completely Renewable? Chuck Norris vs Communism: https://www.imdb.com/title/tt2442080/ Manal Al-Sheriff: https://www.manal-alsharif.com/ The Little Bitcoin Book: https://www.amazon.co.uk/Little-Bitcoin-Book-Matters-Finances-ebook/dp/B07W957N7T
Brians Twitter: https://twitter.com/gladstein The Human Rights Foundation: https://hrf.org/ Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech
Brad Mills is a partner at Xsquared Ventures. All opinions expressed by Brad & his guests do not reflect the opinions of Xsquared Ventures or Xsquared Ventures Management. Investing in cryptocurrencies is high risk and can get you rekt, do not treat any opinion expressed on this show as investment advice, but only as an expression of Brad’s opinion. This podcast is for informational purposes only. Do not attempt to HODL without doing your research first. Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Magic Internet Money on the Ledger Cast Podcast | 16 Dec 2020 | 01:59:23 | |
Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech | |||
| Not Your Keys, Not Your Coins - Bitcoin Security with Jameson Lopp | 11 Dec 2020 | 02:01:00 | |
Thank you for tuning into the Magic Internet Money Podcast! I'm Brad Mills and this is the podcast where you can learn how to short the banks and bank on being your own bank!
Jameson's goal is to spread knowledge of cryptosystems and liberating technologies. If you can offer an opportunity to reach a large audience, please use the low priority form. If you're seeking specific answers for your own understanding, please check the educational resources page on his website. More info on Jameson can be found here:
Website: https://www.lopp.net/ Twitter: https://twitter.com/lopp Casa: https://keys.casa/
More info on Stratum: https://en.bitcoin.it/wiki/Stratum_mining_protocol
Topics discussed: 4:14 How has Casa been affected by the Covid lockdowns in 2020? 12:52 Why Did Jameson Lopp Leave BitGo And How Did That Help Casa? 29:20 Should we be worried about institutions changing bitcoin fundamentally? 43:48 Brads Idea For Casa & The Future Of Finance 54:15 The Ultimate Cold Storage and Bitcoin Security Using Casa 1:08:17 How much will bitcoin be worth in the future? 1:24:05 Will Bitcoin Scale? 1:39:17Alt Coins vs Bitcoin, the final battle! Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech
Brad Mills is a partner at Xsquared Ventures. All opinions expressed by Brad & his guests do not reflect the opinions of Xsquared Ventures or Xsquared Ventures Management. Investing in cryptocurrencies is high risk and can get you rekt, do not treat any opinion expressed on this show as investment advice, but only as an expression of Brad’s opinion. This podcast is for informational purposes only. Do not attempt to HODL without doing your research first. | |||
| Bitcoin, Privacy, and Human Rights with Janine | 08 Dec 2020 | 01:46:26 | |
In this episode, Brad teams up with Janine Roem, a privacy advocate, and cypherpunk journalist. Janine was the first woman to appear on Brad's podcast, which is big. She's the author of the newsletter This Month in Bitcoin Privacy, where she covers everything between new tech and info to protect yourself while using Bitcoin. Privacy has become a hot-button issue, especially in this age of hyperconnectivity and mass surveillance. But not everyone has woken up to this reality. What does it take to jolt such people? Also, learn why Bitcoin doesn't just represent economic freedom but also privacy and human rights. And, what's a cypherpunk? Listen to an enlightening explanation of this interesting movement and its origins.
00:00:00 - Janine's Bitcoin story 00:16:58 - India and gold plus its war on cash 00:18:41 - Coinbase's open financial system irony 00:33:39 - Altcoins are not worth it 00:37:48 - Janine's recommendation on pro-privacy exchanges 00:40:26 - The thing with anti-maskers 00:45:00 - Smartphones are tracking devices that conveniently make phone calls 00:55:43 - Privacy is like health - better pay attention now 01:01:19 - The paradox of national security agencies 01:17:10 - Who's a cypherpunk anyway? 01:32:59 - Resources to learn about the cypherpunk movement 01:38:31 - How to support Janine's work and social media plugs 01:40:29 - Bitcoin is the ultimate truth Podcast Mentions The episode with Jamie King Coinbase's Chainalysis controversy Wasabi wallet Freedom And Future Of The Internet Samurai wallet's PayNyms Find Janine: Find Brad Mills: Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| How to Sail Against the Winds of Life with Preston Pysh | 03 Dec 2020 | 01:51:22 | |
Brad teams up with Preston Pysh in this episode to talk life and Bitcoin. Preston is a successful investor and host of the podcast "We Study Billionaires." He's also an author and former navy officer. Preston is one of the leading voices in Bitcoin, and he's played a big role in persuading Wall Street elite to see the bullish case for Bitcoin. He's also a big reader, with a wealth of knowledge and wisdom to dispense. Tune in for topics like what really brings us happiness, cashing out your Bitcoin and Warren Buffet. Timestamps 00:00:00 - Weather forecaster Frankie McDonald's now forecasting Bitcoin 00:01:51 - Introducing Preston Pysh 00:07:08 - Write down your goals 00:16:29 - Brad's comedy past 00:19:05 - Warren Buffet 00:29:07 - Value investing vs. momentum investing 00:36:13 - Will Bitcoin become a unit of account? 00:39:31 - Is all Bitcoin owned by 2% of the people? 00:42:56 - Goal setting, and what really brings happiness 00:51:14 - Is Bitcoin going to hit $100k? 00:53:58 - Don't ever label yourself 00:59:03 - Remaining positive despite online trolls 01:00:53 - Bitcoin can take care of itself 01:08:15 - What's Preston's history with Bitcoin? 01:20:03 - Just stick to Bitcoin 01:31:35 - The shoeshine story 01:43:45 - Books/habits recommended by Preston 01:48:02 - Social media plugs Podcast Mentions Book Recommendations Love Yourself Like Your Life Depends On It Find Preston Pysh on: Find Brad Mills on: Magic Internet Money Instagram
Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Phil Mckernan on Purpose Your Relationship with Money | 30 Nov 2020 | 01:13:36 | |
Philip is an Irish author, filmmaker and keynote speaker. He is best known for his Rich on Paper Poor on Life book and his Give & Grow feature film. In 2012, he founded One Last Talk, a live speaking platform that helps ordinary people tell they're extraordinary stories. | |||
| FIAT Money is the Problem with Jamie King | 23 Nov 2020 | 01:56:18 | |
In this episode, Brad teams up with Jamie King to talk about Bitcoin vs. Fiat and other relevant topics in our times. Jamie is a filmmaker, a podcast host, and an early and huge fan of the peer-to-peer concept. His 2006 film: Steal This Film is a documentary pushing back against the concept of intellectual property and a promotion of peer-to-peer distribution. As someone who was always a proponent of peer to peer way before Bitcoin, Jamie provides a fascinating take on his discovery and journey with Bitcoin. Plus, what's up with these modern monetary theorists, and how did Trump rise? Also, it's time to completely re-imagine how you view money (hint: as commanding power). Tune in for these and more. Timestamps 00:00:00 - Intro by Brad 00:03:16 - Brad on his podcast's name and Real Vision's crypto series 00:13:39 - Discussion on deceiving mainstream media narratives 00:15:16 - Why do we need the state? And re-conceptualizing money 00:21:43 - Modern monetary theorists and the corruption of money printing 00:28:16 - Bitcoin gives you liberty 00:33:47 - Why Bitcoin is like a Tesla car 00:34:38 - Jamie's exciting discovery of Bitcoin 00:41:54 - Jamie's YouTube show, Charles Manson, NXVIM cults, Qanon, Trump, and more 00:58:58 - Delving into Marxism, capitalism, socialism, and corporatism 01:17:19 - Brad on his movie, Jamie on VODO, and his Steal the Show Podcast 01:33:01 - Jamie's amusing story on how he almost became uber-rich 01:36:01 - Why you should care about privacy and encryption Podcast Mentions Money theorist Stephanie Kelton Jamie King's Schism show Wireguard (for privacy) Charles Manson and NXVIM cults The Road to Ruin by James Rickhart Find Jamie King: Find Brad Mills: | |||
| Being a Bitcoin Centrist with Mike in Space | 09 Nov 2020 | 01:23:14 | |
Topics Discussed:
Maximalists And The One True Coin Was The De-Fi Bubble Successful Or Was It A Casino? What Is The Use Case For Bitcoin In 2020? Floppyblock.com And Mikes Rabbit Hole Story Mikes Thoughts On Big Companies Buying btc Should You HODL BTC Or Play AltCoin Bubbles? De-Fi Yield Investments Explained | |||
| The Cotton Bubble Accomplished with Barry Sheehy | 15 Sep 2020 | 01:08:16 | |
In this episode, Brad taps Barry Sheehy, an accomplished author and historian, to talk about the American civil war's economic backstory. The two get together when Brad visits his family on Canada's east coast and is introduced to Barry. Barry has a wealth of knowledge on an array of issues, including what motivated Lincoln to create the greenback, the origins of the Federal Reserve, and Montreal's secret ties with the Confederacy and the cotton bubble. Also, the Covid pandemic has wrought economic woes and exacerbated existing economic inequalities. What will be the end game? Tune in for these and more. Timestamps 00:00:00 - Intro by Brad 00:04:02 - Origins of the US greenback 00:18:56 - The cotton bubble and origins of 'deep state' 00:22:09 - The Jekyll Island, where the Federal Reserve was founded 00:24:54 - Secret ties between Canada and the Confederacy 00:27:13 - Ron Paul's libertarian views and slavery during the civil war 00:42:33 - Does Montreal still have links to the Confederacy? 00:47:07 - Barry on the current world's economic situation 00:50:35 - How to protect yourself from current economic shocks 00:51:29 - Ray Dahlio's take on current staggering Inequalities 00:59:06 - Delving into the economic state of Cape Breton and larger Nova Scotia 01:07:28 - Where to find Barry Sheehy Podcast Mentions Podcast episode with Dr.Vieira (The evolution of the Federal Reserve) America's Bank, book Ray Dahlio's article on wealth inequality Find Barry Sheehy: Find Brad Mills: Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Jameson Lopp, Adam Back, & Austin Alexander on Bitcoin’s Evolution | 16 Apr 2023 | 01:21:52 | |
On this episode of Magic Internet Money, Brad Mills hosts a discussion with Adam Back, Austin, and Jameson Lopp. They cover topics such as the competitive nature of the cryptocurrency market, bitcoin's performance improvements, side chains, and the controversy surrounding Altcoins. The speakers also delve into the problems with the banking system and how it affects bitcoin's price. Additionally, they touch on the ethics of misallocation of capital in the cryptocurrency market and whether education is necessary or people should learn by losing money in the market. Tune in to learn more about Bitcoin's current standing and what the future might hold. Time Stamps: [00:19:23] Bitcoin: A Useful Tool for Everyone [00:23:42] Why I Chose Bitcoin Over All Coins [00:32:46] Satoshi's Insightful Concept: Unchangeability of Bitcoin [00:38:01] Bitcoin Experts Prioritize Security Over Lightning Adoption [00:49:42] The Economic Phenomena of Altcoins and Innovation [00:57:12] Bitcoin's Code Continues to Undergo Rapid Changes [01:10:14] Covenants and Confidential Transactions: Exploring Liquid's Features [01:14:40] Simplicity: Bitcoin's Soft-Forkable New Scripting Language [01:18:05] Simplicity may make drive chain implementation easier [01:20:08] Bitcoin's Trajectory Could Reach Global Saturation Soon Find Jameson Lopp Find Adam Back Find Austin Alexander Find Brad Mills | |||
| Banks are in, Twitter Hackers are in, Is your crypto safe? with Jordan Harbinger | 04 Aug 2020 | 01:41:03 | |
Hope you enjoyed this week’s episode with Jordan Harbinger, You can find out more about Jordan here: https://www.jordanharbinger.com/ Jordan Harbinger is the host of the highly revered podcast, The Jordan Harbinger Show. In this show we talk all about bitcoin, religion, DeFi gambling and the differences between them. | |||
| Altcoin Influencers Gave into Greed with Giacomo Zucco | 30 Jul 2020 | 01:04:56 | |
On this episode of Magic Internet Money, host Brad Mills invites tech entrepreneur and Bitcoin maximalist Giacomo Zucco onto the show to talk in detail about altcoins and how they’re changing the crypto landscape. Zucco offers much of his financial and technical knowledge about blockchain technology to explain his preference for Bitcoin over altcoins. Zucco discusses with Brad their experience with Bitcoiners that began using their reputation to pump up the value of altcoins and then dump them at a peak value. The duo discuss the fallout from these events and the importance of honesty and consistency when you’re a voice in the cryptocurrency community. Timestamps 00:00:20 - Introduction 00:04:09 - Show start 00:07:04 - What makes people switch to altcoins? 00:15:25 - Providing context about Trace Mayer and other early bitcoiners 00:20:40 - Coin joining and its effects 00:35:02 - Clean coins and dirty coins 00:40:52 - Scamming in the crypto community 00:45:01 - How personal reputation affects crypto value 00:46:58 - DeFi and educating people about tech scams 00:55:21 - The technical sides of Bitcoin and Ethereum 01:00:18 - How altcoins resemble Intranets and closing remarks Links to Mentions in the Show Find Giacomo Zucco Find Brad Mills Magic Internet Money Instagram Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto. | |||
| Mentality in the Rigged Game with Chris Plough | 28 Jul 2020 | 02:35:16 | |
On this episode of Magic Internet Money, host Brad Mills invites personal development expert Chris Plough onto the show to discuss the direction of Bitcoin and Brad’s vision for his brand. Brad kicks it off with a grand introduction for Chris. The two discuss the key conflicts between Bitcoin and Altcoins and the potential that Bitcoin and Altcoins could have if they were willing to lend additional use-cases to Bitcoin. Brad and Chris discuss their experience in “the rigged game” of the centralized mainstream economy, and how centralized cryptocurrency exchanges and pushing towards more of that for Bitcoin and Altcoins. Chris talks about his experiences, the value of personal agency and sovereignty of all kinds. Finally, Chris closes with his adventures and lends some advice to Brad on shaping his own vision for his brand going forward. Time Stamps 00:00:30 - Introduction 00:08:23 - Show start 00:11:30 - Blockchain and Crypto vs Bitcoin 00:16:00 - The Bitcoin Fork and what it changed 00:25:08 - Ethereum conversation 00:32:44 - The rigged game 00:37:33 - The power of sovereignty 00:41:16 - Why do investors shift from Bitcoin? 00:44:57 - Relations with Altcoins 00:55:11 - Brave browser 00:58:10 - Conflict between Bitcoin maximalism and altcoins 01:10:43 - Bitcoin and taxation 01:15:40 - Brad’s Guy Kawasaki story 01:20:44 - Brad’s evolution with Bitcoin 01:31:11 - Chris helping people with trauma 01:44:32 - Brad’s motivation 01:50:00 - The power of passion 01:58:24 - The importance of financial sovereignty 02:02:06 - Chris and Brad’s current projects and previous ones 02:09:45 - AdventureX and I am Listening, Chris’ current projects 02:15:34 - The struggle of hodling, and its effect on mental health 02:33:29 - Links and outro Links to Mentions in the Show Find Chris Plough: Find Brad Mills: | |||
| Dr. Vieira - The Evolution of the Federal Reserve | 12 Jul 2020 | 02:53:20 | |
In this episode, Brad taps Dr. Edwin Vieira to talk about the history and current status of the Federal Reserve System. Dr. Vieira is a Harvard lawyer, monetary historian, and the author of Pieces of 8, a book analyzing the evolution of the present monetary system and the court processes that led us here. As someone who's had a front seat to some of these events, Dr. Vieira has many insights to share. He and Brad talk about the concept of sound money, what really constitutes 'lawful money', and the federal reserve system, as well as Congress's role over the years in upholding today's flawed financial system. Tune for these topics and more. Timestamps 00:00:00 - Brad on his book, introducing Dr. Vieira 00:13:21 - What really is 'lawful money' after all? 00:30:30 - Why did Americans accept executive order 1602? 00:34:55 - Did everybody really obey the order? 00:44:09 - Current world's debt vs the 1930's and 1940's debt 01:01:00 - Spirited discussion on what's legal tender 01:11:24 - Can Congress change the Federal Reserve Act? 01:23:02 - On Russia and China creating a gold-backed global reserve currency 01:30:30 - What's behind the explosion of economic growth in recent years? 01:39:24 - When people lose jobs due to automation 01:53:03 - Will it be deflation, hyperinflation, and stagflation in a few years? 02:11:19 - Where can you find Dr. Vieira's ideas? 02:24:03 - Viewpoints on the police and guns debate 02:35:17 - On the consequences of a broken financial and criminal justice system 02:40:58 - The Ponzi-esque nature of the pension system 2:52:02 - Where to find Dr. Vieira's work Podcast Mentions Hotspex Bitcoin research podcast Pieces of 8 by Dr. Vieira Find Dr. Edwin Vieira on: https://newswithviews.com/author/edwinvieira/ Find Brad Mills on: | |||