Daniel Krawisz on Bitcoin, Entrepreneurship, Economics Part 4

00:00:00.000 Daniel Krawisz https://twitter.com/DanielKrawisz

00:00:51.691 What comes after bitcoin?

00:01:16.117 Get as rich as possible

00:01:25.613 Bitcoin is like building an engine

00:01:45.799 Austrian economics is like thermodynamics

00:03:34.687 The problems of socialism https://mises.org/library/praxeology-knowledge-problem-socialism

00:03:58.870 Money is efficiency

00:04:51.565 Without money we lack cooperation

00:05:25.167 Without money we get central planning

00:06:47.390 What is profit paying for? https://mises.org/library/meaning-competition-0

00:07:11.065 Profit is superior planning https://mises.org/library/profit-and-loss

00:09:18.703 Entrepreneurs are superior planners

00:11:09.064 Knowledge of the future is the most valuable thing

00:14:59.046 Profits are caused by differential knowledge

00:18:21.421 Anti-inductivity https://www.lesswrong.com/posts/h24JGbmweNpWZfBkM/markets-are-anti-inductive

00:18:36.272 Scientism https://mises.org/library/pretense-knowledge

00:19:21.549 Marx said capitalists are parasites

00:19:55.751 When you get rid of profits, you get rid of planning

00:21:52.723 Is bitcoin a ray of sunshine?

00:22:28.276 Bitcoin is a way of getting wealthy by understanding economics

00:25:27.507 A block is a history of the economy

00:26:01.918 Miners will apply knowledge for profit

00:27:04.582 Will bitcoin become undeniable?

00:27:26.381 Selfish mining

00:28:21.896 What is a selfish miner?

00:34:26.616 Hurdles to bitcoin

00:34:56.619 Bitcoiner's big mistake

00:35:34.527 Entrepreneurship is spending money to make money

00:36:46.917 Make things for other bitcoin entrepreneurs

00:37:31.591 Ignore non-bitcoiners

00:39:23.370 Bitcoin is like Galt's Gulch

00:40:24.840 We need SPV service and programmers

00:41:17.048 We need bitcoin miners https://bitcoinfiles.org/t/0c9544cf8650794d0221a0b11fec45ed19409e6deef9b3eeeea7ee956cdde7af

00:42:44.725 Accountancy

00:43:48.906 Bitcoiners need to be more realistic

00:44:00.109 Chain-analysis

00:44:53.100 Privacy

00:45:52.254 Crowdfunding on the blockchain

00:48:57.106 What happens if you lose your keys

00:50:09.881 Craig Wright getting stolen funds back https://coingeek.com/craig-wright-begins-landmark-legal-action-to-retrieve-stolen-coins/

00:51:15.468 Craig Wright's lawsuit

00:52:34.372 Is there a turning point in bitcoin coming?

00:55:19.705 Up next: time https://mises.org/library/time-and-praxeology

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