Bitcoin is valuable because it’s censorship resistant with Andrew Bailey

The Bitcoin Frontier

In this episode, Andrew Bailey, author of Resistance Money, explores the philosophical foundations of bitcoin and its role as resistance money. He discusses the need for resistance in today's socio-economic landscape, who benefits from it, and why he wrote another bitcoin book. Andrew argues for bitcoin's adoption based on more widely held beliefs and examines its value in a censorship-free world. He addresses the role of privacy, bitcoin's future, and the importance of self-custody versus centralized custody. The conversation also covers the ossify versus non-ossify debate, personal reputational risks, its political impact, and its biggest risks.

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TIMESTAMPS:

00:00:00 Introduction

00:01:24 What is Resistance Money?

00:02:17 Andrew’s philosophy background

00:04:46 What do people need to resist?

00:07:52 Who needs resistance money?

00:10:58 Why write another bitcoin book?

00:12:38 Arguing for bitcoin from more widely held beliefs

00:14:37 Is bitcoin valuable if there is no censorship?

00:15:47 How does philosophy help us understand bitcoin?

00:19:49 Bitcoin as an alien technology drop

00:21:36 What’s the role of privacy and money?

00:23:32 Can there be too much privacy?

00:27:05 Bitcoin is a new tool in today’s reality

00:28:00 Where is bitcoin in a decade?

00:31:59 How can we accelerate self-custody adoption?

00:33:55 What’s the concern with centralized custody?

00:37:35 Ossify vs not ossify fork

00:42:56 Risking your reputation talking positively about bitcoin?

00:46:23 When will bitcoin become not fringe?

00:48:53 How might bitcoin transform politics?

00:52:46 Biggest risk to bitcoin?

00:55:27 What’s something you believe about bitcoin that many bitcoiners would disagree with?

00:56:45 Closing thoughts

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