Bitcoin is Dematerializing Borders With Seb Bunney

Welcome to the Block Reward Podcast, your go-to source for delving into the world of Bitcoin! 🚀 Our mission is to simplify Bitcoin for beginners through engaging conversations with subject matter experts. Tune in every Tuesday for fresh insights and knowledge. Don't forget to hit the like button, subscribe, and turn on notifications to stay updated on our latest episodes! 🎙️ Find Scott on twitter @lanternbitcoin #bitcoinforbeginners #bitcoin #bitcoinpodcast

In this podcast episode, Seb Bunney and Scott discuss the potential of Bitcoin to bring financial freedom and authenticity to individuals. They explore the limitations of traditional fiat currencies and the unique, decentralized nature of Bitcoin. They also delve into the societal consequences of a broken money system, including its impact on consumerism, the environment, and family bonds. Seb introduces Looking Glass Education, a platform he co-founded to provide free education on Bitcoin and financial literacy. The episode concludes with Scott emphasizing the revolutionary potential of Bitcoin and the importance of conducting personal research before making financial decisions.
Seb’s background has not historically been built around the financial industry. In the early formative years of his career, Seb worked as a backcountry mountain bike guide and coach, while spending most of his spare time trying to understand real estate, the financial markets and the monetary systems which underpin our economy. In more recent years, he has pivoted his love for educating others to the digital realm, where he now writes about our macroeconomic landscape with a focus on Bitcoin. It is through his love for educating others that has led him to where he is today, building this educational platform, the Looking Glass.
What We Discuss:
[00:01:07] Scott asks Seb to explain what Bitcoin is, and Seb describes it as a currency that allows individuals to express themselves authentically and direct their capital freely.
[00:10:34] Discussion on how inflation allows the government to gain access to purchasing power and direct it according to their own agenda.
[00:11:19] Explanation of how Bitcoin allows assets to be moved across borders without being jurisdictionally located, providing individuals with more freedom and flexibility.
[00:16:10] Exploration of how a finite money system, like Bitcoin, incentivizes saving and long-term thinking, shifting behavior on an individual, corporate, and nation-state level.
[00:20:00] Discussion on how broken money systems lead to war, indirect payment for war, and lack of financial responsibility in governments and corporations.
[00:20:54] Exploration of the benefits of removing money from state, forcing the government to become fiscally responsible, and the consequences of government bailouts on corporations.
[00:24:44] Explanation of how a broken monetary system leads to environmental destruction, breakdown of the parent-child bond, breakdown of business practices and politics.
[00:30:48] Exploration of how money, as the number one cause of stress globally, indirectly affects the health of individuals and nations.
[00:31:44] Analysis of the breakdown of currency, rise of socialism, and its impact on the breakdown of family units, care for the elderly, and the overall fabric of society.
[00:40:44] Seb shares a childhood experience that made him question the fairness of the monetary system, leading to his interest in Bitcoin.
[00:45:16] Seb discusses how a debt-based system focused on growing GDP and devaluing currency leads to the monetization of everything and the loss of community events.
[00:50:51] Discussion on how technology drives down the cost of production and should result in lower prices, but the current monetary system prevents this from happening.
[00:55:41] Seb and Scott discuss the collision between an inflationary system that requires exponential debt growth and a deflationary system driven by technological advancements, highlighting the need for a new monetary system like Bitcoin.
[00:58:32] Discussion on how Bitcoin will change finance, including saving, spending, and investing.
[00:58:32] Exploration of how broken money systems contribute to societal issues such as war and conflict.