Jason Lowery from the US Space Force joins me for a multi-episode series exploring the first principles of physics, the ubiquity of organic power projection, and how Bitcoin changes the game.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJason's Twitter: https://twitter.com/JasonPLoweryPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 “Operational Effectiveness” vs. “Competitive Strategy” of Bitcoin Mining00:04:42 Competitive Strategy is Detected by What the Opponent is Not Doing00:08:59 The Point of Defense is to Increase the Energy Footprint of the Network00:11:34 Proof-of-Stake vs. Proof-of-Work00:16:11 In the Event of a 51% Attack on the Bitcoin Network…00:20:45 The Glaringly Obvious Problems with Proof-of-Stake…00:26:35 Bitcoin is a System that Turns Anyone’s Self-Interest into Everyone’s Self-Interest00:31:28 Good Engineering Involves Discovering and Respecting the Constraints of Nature00:35:56 How to Engineer a Good Monetary System00:39:55 The Inevitable Engineering Failure of Any Mass-Based Money00:44:09 “Nature, to be Commanded, Must be Obeyed”00:45:33 NYDIG00:46:41 Before Bitcoin, We Could Not Engineer a Money in Harmony with Human Nature00:49:40 Properly Framing the Security Properties of an Engineered System00:53:59 The Epistemological Model of Security Failures (What Gets Measured, Gets Done)00:58:55 Factoring in the Ethical, Moral, and Design Considerations of Engineered Systems01:02:23 The Strategic Significance of Bitcoin01:06:26 Bitcoin as a New Schelling Point in the Infinite Game of Power Projection01:09:44 The Immense Sacrifices Inherent to Establishing Control Structures over Property01:13:26 Bitcoin as Leading Contributor to the Future of Property Defense01:16:39 Adopt New Military Schelling Points Voluntarily, Otherwise They Will be Imposed01:18:10 The Dangers of Ignoring Disruptive Technology: Why the USG Should Buy Bitcoin01:23:00 Bitcoin as a Permanent Feature of the Competitive Terrain of the 21st CenturySOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack