Josef Tětek joins me to discuss the relationship between the Austrian School of Economics with Bitcoin, the impact of time preference, and the non-state properties of Bitcoin. Josef Tětekis an author and a podcaster. He works as a Bitcoin Analyst at SatoshiLabs. // GUEST // Twitter: https://twitter.com/SatsJoseph Articles: https://bitcoinmagazine.com/authors/josef-tětek Podcast: http://stackuj.cz/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/Gold Investment Letter: https://www.goldinvestmentletter.com/ iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Casa (use discount code BREEDLOVE): https://keys.casa/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00 - Coming up 00:51 - Intro 02:24 - Helping Lightning Startups with In Wolf's Clothing 03:10 - Introducing Josef Tětek 03:30 - Quick Background and Path into Bitcoin 04:44 - Orange Pill Moment 05:25 - Relationship of the Austrian School of Economics with Bitcoin 09:35 - No Supercomputer can Replace the Pricing System 12:26 - Distributed Computing vs. Centralized Computing 14:40 - Emergent Pricing vs. Central Planning 17:10 - The Immutable Laws 18:31 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 19:27 - Maximize Your Profits with Gold Investment Letter 20:24 - Time Preference and its Connection to Money 26:43 - Positive Consequences of Low Time Preference 28:50 - Monetary History: From Gold to Bitcoin 33:48 - Problems of the Gold Standard 35:21 - The Intangibility of Bitcoin 36:02 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 36:54 - Hold Bitcoin in the Most Secure Custody Model with Casa 37:42 - Bitcoin: Separation of Money and State 42:16 - Attributes that Make Bitcoin a Non-State Money 44:01 - Why Bitcoin Only 47:43 - Ten Commandments of Bitcoin 51:04 - How to Find Josef's Work// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22