The 1984 Hayek Quote That Predicted Bitcoin Word for Word - And What It Changes About How You Hold It (Bit Coin, Wealth & Investing)

What Is Austrian Economics - And Why Every Serious Bitcoin Holder Eventually Goes Down This Rabbit Hole (Part 2)

In 1984 Friedrich Hayek said the only way to get sound money back was to introduce something governments can't stop by some sly roundabout way. Bitcoin's first block was mined 25 years later.

Part 2 connects the 150 year old Austrian Economics tradition directly to Bitcoin how Satoshi's design choices map onto ideas that were written before his parents were born, why Bitcoin solves the one thing gold couldn't, and what understanding all of this changes about how serious holders think about the asset they're sitting on.

If you haven't listened to Part 1 yet start there first.

In this episode:

• Why Satoshi's design is Austrian Economics in code the Genesis Block headline, the P2P Foundation post, and why the cypherpunks who built Bitcoin had been reading Hayek and Rothbard for decades before the whitepaper was published
• Why gold lost in 1971 and how Bitcoin fixes the one fatal flaw that allowed governments to capture it including Roosevelt's 1933 gold confiscation and what it means for self custody today
• What the Austrian concept of time preference actually changes about how you hold Bitcoin not whether to hold it, but the mental framework that makes holding through 70% drops feel completely different

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Want to talk through your own Bitcoin situation with an expert, from buying your first to setting it up securely? Email me at mylesdhillon@gmail.com 

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