BTC077: BITCOIN SOLVES THE TIME STAMPING PROBLEM

W / GIGI

10 May 2022

On today’s show, Preston talks with prolific Bitcoin writer and educator, Gigi. They discuss how Bitcoin solves the time-stamping problem among many other fascinating topics and themes.

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IN THIS EPISODE, YOU’LL LEARN

  • What Gigi is most excited about for 2022.
  • What causes people to see Bitcoin from the bottom-up.
  • What are all the things that bitcoin is doing simultaneously.
  • How Bitcoin solves time stamping.
  • What is under-appreciated in the Bitcoin space right now.
  • What incentives will drive the adoption of lightning.
  • Proof of Work (PoW) Versus Proof of Stake (PoS).
  • How to take something complex and make it digestible.
  • What question can you ask someone to understand the breadth of the understanding in Bitcoin.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Preston Pysh (00:00:03):
Hey, everyone. Welcome to this week’s episode of the Bitcoin Fundamentals Podcast. On today’s show, I have a guest that needs no introduction because he’s one of the most prolific writers in the Bitcoin space. He goes by the name Gigi, and as you’ll see in our conversation, he’s just a deep and profound thinker. During our show, we talk about his general thoughts on the health and fundamentals of the Bitcoin network, developments he’s most excited for, why Bitcoin is time and what that even means, some of his thoughts around proof of work versus proof of stake, what is this new value for value that’s happening on layer two, among many other topics and ideas. So without further delay, here’s my chat with Gigi.

Intro (00:00:44):
You’re listening to Bitcoin Fundamentals by The Investor’s Podcast Network. Now, for your host, Preston Pysh.

Preston Pysh (00:01:03):
Hey, everyone. Welcome to the show. Like I said in the introduction, I’m here with Gigi, and I don’t know why this has taken us so long to get to this point where we’re having a conversation because, man, I’ve been a fan of yours for a very long time and learned just unbelievable amounts of information from you. So welcome to the show. Very excited to have you here.

Gigi (00:01:23):
Hey, Preston. Thanks a lot for having me and thanks so much for the kind words.

Preston Pysh (00:01:28):
Well, I’m not going to take this lightly. So you’re writing, I would say, for somebody who’s maybe just joining us and tapping into Bitcoin and trying to learn for the first time, you have some of the most profound pieces that you’ve written about in the entire space, and I think most people that are in the space would probably agree with that characterization and say the same. So we’re going to have links to a lot of the different articles that you’ve written through the years in the show notes for people as they’re hearing this to pick through and read because, my goodness, man, some of the stuff you’ve written is just unbelievable. Anyway, I don’t know, but yeah, there’s no question there. That was just me pontificating.

Gigi (00:02:10):
Thanks. Yeah. Again, thanks a lot for the kind words. My work mostly builds up on other people’s stuff. Basically, Bitcoin just blew my mind a couple of years ago, and I’m just doing my best to pick up the pieces and try to bring it in a form that is understandable to more people because it’s hard. Everyone knows that if you meet another Bitcoiner at a conference or whatever, and you’re shooting this for a couple of hours, there is a level of understanding that when you’re talking to someone who hasn’t been digesting Bitcoin content for thousands of hours, it’s just very difficult to really break it down to normal language and to concepts that are relatable.

Gigi (00:02:50):
So yeah, I try to do this as best as I can because I feel like, yeah, as I’ve said before, the world would be a way, way better place if more people understood Bitcoin. So that’s why I’m doing what I’m doing, and I’m happy that it resonates with a lot of people and a lot of people find it useful.

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BOOKS AND RESOURCES

  • Gigi’s article: Bitcoin is Time.
  • Gigi’s article: Inalienable Property Rights.
  • Gigi’s article: Proof of Life.
  • An Index of other Gigi articles.
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*Disclosure: The Investor’s Podcast Network is an Amazon Associate. We may earn commission from qualifying purchases made through our affiliate links.

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