20: The Silk Road, Bitcoin, and Ross Ulbricht – Peter McCormack

20: The Silk Road, Bitcoin, and Ross Ulbricht – Peter McCormack

 
 
00:00 / 00:54:55
 
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Drugs are a gateway to Bitcoin, Tor, and podcasting in Latin America

The host of the popular podcast “What Bitcoin Did”, Peter McCormack, shares his story of using the darknet marketplace the Silk Road to buy cocaine. And later on a different marketplace bought medication in a last ditch effort to save his mom from dying of cancer. These experiences forever altered Peter’s life. He shares his journey to defeat addiction, his connection to Ross and Lyn Ulbricht, and his experiences with the unbanked in Latin America using bitcoin.

HIGHLIGHTS

  • Peter being impressed by the professionalism of the Silk Road – vendors, escrow, product, delivery, and bitcoin acceptance
  • Multiple health emergencies related to using cocaine
  • The death of his mother from cancer and how others have bought medications on darknet markets
  • Efforts to get a presidential pardon for Ross Ulbricht and ways to support him
  • Traveling to Latin America and seeing how the unbanked use bitcoin

SHOW NOTES

19: Four Horsemen Of The Middle Class Apocalypse – Jeff Vandroux

19: Four Horsemen Of The Middle Class Apocalypse – Jeff Vandroux

 
 
00:00 / 01:11:51
 
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Immigration, globalism, neoliberal economics, and war gutted the middle and working class

If you want to be angered, informed, and entertained by what the corporate-government State has done to the American Dream, listen to this episode. We speak with attorney and bitcoin software contributor Jeff Vandroux, to track down the complicated answer. In the first 20 minutes Jeff traces the government – corporate actions from the end of WWII to present day. For the remaining 40 minutes, Ragnar and Jeff go back and forth analyzing the four interplaying forces that killed the American Dream, ending on what can be done about it.

HIGHLIGHTS

  • History of the Bretton Woods agreement and its demise with President Nixon closing the gold window
  • US fights inflation with high interest rates and deficits
  • Immigration together with globalization cut wages and depletes multiple industries
  • What people can do to overcome the collapse of the working and middle class

RESOURCES

17: Defeating Financial Censorship Trinity – Preston Byrne

17: Defeating Financial Censorship Trinity – Preston Byrne

 
 
00:00 / 01:00:05
 
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Mobs, the State, and private enterprise partner to censor thought dissidents

Financial censorship is a powerful new tool to suppress free speech by threatening, and sometimes ruining, people’s financial lives. While governments have varying restraints on censoring speech, private enterprises and outrage mobs do not. When two of these three groups work together to silence dissidents, individuals have few defenses. In this episode we speak with Preston Byrne, an attorney focused on cryptocurrency and tech, who has written and spoken on this trinity of financial censorship.

HIGHLIGHTS

  • Sides of the trinity: The State + mobs, private enterprise + the State, mobs + the State, with examples of each
  • “Mob-driven, extra-judicial denial of service”
  • Specific strategies to defeat each censor combination
  • Using bitcoin, alternative tech applications, and free speech supporting service providers
  • HODLing bitcoin doesn’t create censorship resistance
  • Trading the network effect for smaller, more free platforms

RESOURCES

14: The Gift Of Bitcoin And Prudence – Cory Klippsten

14: The Gift Of Bitcoin And Prudence – Cory Klippsten

 
 
00:00 / 00:35:46
 
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Increase the value of bitcoin by education, time, and giving

Giving bitcoin with a tandem of strategy of education + timelocks increases the chance of successful investing and adoption. This episode features Cory Klippsten, the Founder of GiveBitcoin, a company that allows you to “Buy Bitcoin for friends and family, timelock it, and we’ll teach ’em what they need to know”.

HIGHLIGHTS

  • The gift that people most want to receive is either something thoughtful, or money. With Bitcoin, you can give both.
  • How does bitcoin compare to other things, such as a savings bond, assets held in a trust.
  • Does a person’s financial situation make bitcoin a poor fit? Or a better fit?
  • Chicken and egg – need education to appreciate bitcoin, but need bitcoin as skin in the game to care about learning about bitcoin.
  • Could bitcoin be a bad gift? What if given at top of a market is bitcoin is unlocked at bottom of market?

RESOURCES

13: Bitcoin Prosperity Or Bitcoin Fantasy – Stephan Livera

13: Bitcoin Prosperity Or Bitcoin Fantasy – Stephan Livera

 
 
00:00 / 01:02:59
 
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Sound money is necessary but insufficient to create prosperity

Do Austrian Economics principles apply to bitcoin as it functions today? And if so, how do those principles enable bitcoin to help poor people? What other factors besides sound money are necessary to create prosperity? In this episode, Ragnar debates these questions with Stephan Livera, a speaker on Austrian Economics and the co-founder of the Australian Bitcoin education venture Ministry Of Nodes.

HIGHLIGHTS

  • Poverty is the default state of mankind
  • Defining not-poverty. Prosperity?
  • Factors of poverty to prosperity: Culture, IQ, values, natural resources, capital, technology, composition of economy, money
  • Role of money in poverty and prosperity
  • Bitcoin and poverty – theory of sound money leading to increasing value of currency, while creating a structural changes to an economy. Has bitcoin alleviated poverty in the past and present?

RESOURCES

12: Bitcoin, For Rich Or For Poor?

12: Bitcoin, For Rich Or For Poor?

 
 
00:00 / 00:30:31
 
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Staying alive is more important than owning bitcoin

Bitcoin has made many people rich, but has bitcoin helped any poor people? Should it? Can it? In this special episode, Ragnar and Chanel sit down to discuss the surprising responses to the following tweet from Ragnar, “The poorest people can’t invest in bitcoin. They don’t have enough money to pay rent or buy food. How are they going to sit on $50 for four years? And this isn’t just in 3rd world countries. This is in Western countries. In fact, a lot of people in Western countries.” The replies varied, from callous to inspiring, from condescending to insightful.

HIGHLIGHTS

  • Being poor falls on a spectrum, defined by cash flow and living conditions
  • Stories of bitcoiners who became poor through bad luck
  • The five characteristics of bitcoin that make it a bad investment for the poor
  • Applying sound investment principles to bitcoin: Time horizon, risk tolerance, liquidity, and maintenance burden
  • Why poor people can’t and shouldn’t save money to buy bitcoin
  • Can earning bitcoin help the poor? Usually not
  • How bitcoin CAN help the poor
  • Bitcoin and the poor in Venezuela, Argentina, and Lebanon
  • Why the middle class have the most to gain from bitcoin

RESOURCES

11: History Of Gun Control In Genocides – Jeff Kelman

11: History Of Gun Control In Genocides – Jeff Kelman

 
 
00:00 / 00:59:41
 
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We are living with Nazi gun laws in the United States

Today’s guest is Jeff Kelman, who is writing his master’s thesis at Gratz College on the role of guns in the holocaust and other genocides. We delve into the strongest argument for the right to bear arms and the undeniable evil of the state using asymmetric armament to slaughter millions of civilians. There’s a saying, “Those who forget history are condemned to repeat it. Jeff’s scholarship provides the historical facts and rigorous analysis to remember the past to prevent future genocides.

HIGHLIGHTS

  • How the Gun Control Act of 1968 was based on the German Weimer Republic Gun Control Act of 1928
  • Why registration and subjective licensing are the key starting points for gun control laws that preceded numerous genocides. And how they lead to armament asymmetry
  • How governments seize the wealth of their citizens to fund their violence and how bitcoin offers protection against that theft
  • Historical summary of the Armenian, Khmer Rouge, Rwandan, and Chinese genocides, and the gun control acts preceding them
  • How 3D printed guns might reduce the risk of gun confiscation because 3D guns aren’t registered
  • We compare current how US red flag laws compare to similar ones in Nazi Germany and Communist Russia, and how they’re used to disarm members of oppositional political groups

RESOURCES

8: BitcoinGun Lawyer Part II

8: BitcoinGun Lawyer Part II

 
 
00:00 / 00:47:17
 
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Legal strategies to prevent bad guys from seizing your bitcoin

In part II of the BitcoinGun Lawyer episode we start with a quick discussion on 3D gun printing and the 2nd Amendment. We then spend the remainder of time delving into the criminal, civil, and tax issues with bitcoin. We discuss the legal strategies and pitfalls as well as services to reduce your risks and improve your privacy.

HIGHLIGHTS

  • How 3D printed guns fit into existing laws
  • When does the 1st and 2nd Amendments protect and not protect software and sharing 3D gun files
  • How Satoshi Nakamoto protected himself from potential legal issues
  • How your bitcoin can be seized if you lose a lawsuit, starting with a Debtor’s Examination
  • Civil versus criminal contempt of court if you refuse to give up your bitcoin private keys
  • Strategies to protect your bitcoin using trusts, LLCs, and pre-nuptial agreements
  • Power of the government to seize your bitcoin
  • Pros and cons of acquiring bitcoin via buying it on exchange, versus from a friend versus earning it in your business
  • Reducing legal risks by using peer to peer, non-custodial bitcoin services
  • How to prove you’re Satoshi Nakamoto in court

RESOURCES

7: BitcoinGun Lawyer Part I

7: BitcoinGun Lawyer Part I

 
 
00:00 / 00:59:08
 
1X
 

Know the law so you don’t break it

This episode might keep you out of jail. We start out with pseudonymous Lawyer “Bitcoin_Lobby” explaining the three legal justifications for using deadly force. We then have an in-depth, detailed discussion of the various law deriving from the 2nd, 4th, and 5th Amendments that protect gun owners. BitcoinGun Lawyer also touches on how to defend yourself from civil lawsuits as well as landmark Supreme Court rulings protecting the 2nd Amendment.

HIGHLIGHTS

  • The three doctrines that legally justify self-defense
  • If you use deadly force, what do you do and not do, to protect yourself from criminal prosecution and civil liability
  • How the 4th, 5th, and 6th Amendments can protect gun owners for using self-defense
  • Defending yourself against civil lawsuits, which can be more likely than a criminal prosecution
  • Deterrence effect of gun ownership
  • Natural rights vs State given rights, and the due process clause
  • Supreme Court rulings on the 2nd Amendment: D.C. vs Heller and McDonald vs Chicago
  • Challenging laws: the three Levels of Scrutiny

RESOURCES

6: Homemade Armor Piercing Ammo – Austin Jones

6: Homemade Armor Piercing Ammo – Austin Jones

 
 
00:00 / 00:37:53
 
1X
 

We will obsolete regimes of control with technology.

Today’s guest is the Nicola Tesla of ammunition. Austin Jones is the Cofounder and Chief Engineer at the non-profit research organization Atlas Arms. Their first concept in development is the Dagny Dagger project – a new type of legally-unrestricted handgun ammunition which in 9mm Luger is able to penetrate all soft armor and some rifle-rated hard armor. This will allow citizens the first legal access to armor-penetrating ammunition since 1986. The projectiles are intended to be more readily home-manufactured than traditional AP ammo, and all research and data including Ghost Gunner code will be released open-source. The work will begin on 9mm Luger with future plans for Dagny Dagger loadings in 10mm/.40SW, 5.56, .308, and possibly 5.7. The Dagger will also debut APHP (Armor-Penetrating Hollow Point) bullets, a novel projectile design which boasts superior armor penetration while expanding and fragmenting on soft, unarmored targets for multirole performance.

HIGHLIGHTS

  • Austin’s reasons for developing armor piercing ammunition
  • What if people use his ammo to kill cops wearing body armor?
  • Why ammunition is protected by the 2nd Amendment
  • When and why armor piercing ammo became illegal
  • Obsoleting regimes of control out of existence through engineering and technology 
  • The space age technology of the Dagny Dagger bullet
  • Open sourcing bullet design
  • Plans for the Ghost Gunner

RESOURCES