Max and Stacy discuss central banks on a gold buying spree and what that suggests is in our global monetary and trade policy future. The volume of gold buying has not been seen since 1967 when the world was, in fact, on a gold standard. Does this indicate we are, indeed, back on a quasi-gold standard if USD trade surplus is being converted into hard money, regardless of formal agreements to that effect? In the second half, Max talks to Bill Barhydt of Abra about their new product which will essentially create a bitcoin standard for the world by turning BTC into a unit of account.
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Lightning Storm
Max and Stacy discuss the #LightningStorm caused by Jack Dorsey, the CEO of Twitter, taking the Lightning Torch and, thus, becoming part of the Lightning Network second layer experiment on the bitcoin blockchain. As this and other second layer technologies take off, what does a bitcoin standard world look like? They also address Jackson Palmer’s comments about the contradiction in #BitcoinTwitter whereby Jack is hated for deplatforming but praised for mentioning Bitcoin. This just proves that centralized databases are subject to censorship — i.e. the deplatforming Jack must do in order to abide by human laws while bitcoin is censorship resistant and follows natural law. In the second half, Max talks to Jonathan Hales of bitbacker.io who has developed a more censorship resistant alternative to Patreon.
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