---
title: "What is Money? Podcast Interview: Cracking the Code of Finance"
type: "post"
post_id: "9573"
slug: "what-is-money-podcast-interview-cracking-the-code-of-finance"
canonical: "https://bombthrower.com/what-is-money-podcast-interview-cracking-the-code-of-finance/"
markdown_url: "https://bombthrower.com/what-is-money-podcast-interview-cracking-the-code-of-finance.md"
json_url: "https://bombthrower.com/what-is-money-podcast-interview-cracking-the-code-of-finance.json"
txt_url: "https://bombthrower.com/what-is-money-podcast-interview-cracking-the-code-of-finance.txt"
published: "2024-03-25T03:08:20+00:00"
modified: "2024-03-26T13:57:54+00:00"
author: "Mark E. Jeftovic"
categories:
  - "Bitcoin"
  - "Investing"
  - "Zeitgeist"
tags:
site_name: "Mark E. Jeftovic is The Bombthrower"
publisher: ""
language: "en-US"
generator: "easyPress Markdown"
generator_version: "1.0.4"
---
Robert Breedlove and I discuss the path to mastering finance, through exploring topics ranging from Bitcoin, peak oil, and the global debt supercycle.

#### **Summary:** Artificially suppressed interest rates have led to a global debt super cycle, and the concept of equality of outcome is nonsensical.









Key insights
------------

### Economic and Financial System Observations

- The debt super cycle is characterized by artificially suppressed interest rates, leading to a constant decrease in the cost of capital.
- The central bankers needed something like covid to hit because the system was coming unglued under the hood in late 2019.
- The artificially suppressed interest rate creates distortions in the marketplace, leading to a global debt super cycle.
- The concept of deflation is actually beneficial for the economy, leading to more wealth creation and productivity.
- “Equality of outcome obviously BS. We’re all born different.”
- “Equality of outcome is a nonsensical concept.”

### Cryptocurrency and Blockchain Insights

- The centralization aspect of eGold led to its downfall, while Bitcoin’s decentralized nature impressed me as 100% market force in action.
- Bitcoin is the TCP/IP of non-state anti-fiat money, while other cryptocurrencies are more like startup applications rather than decentralized money.
- Bitcoin’s current penetration is probably less than 2% of Bitcoin’s total addressable market, making the risk reward disproportionately in favor of Bitcoin.
- The idea of inscribing a name server delegation onto an ordinal and putting it on the blockchain to create uncensorable domain names is intriguing and potentially revolutionary.

The [Transition Overview article](https://bombthrower.com/the-transition-overview-building-companies-that-matter/) discussed throughout the interview [is here](https://bombthrower.com/the-transition-overview-building-companies-that-matter/), and the updated [tweet thread is here](https://twitter.com/StuntPope/status/1760396985335738604):

> The very first Bombthrower post was called “The Transition Overview: Building Companies That Matter”. Since the last two [\#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) cycles have proven it to be on point – I’ll summarize it here in a thread 👇<https://t.co/vQlaULfiMQ>
> 
> — Mark Jeftovic, The ₿itcoin Capitalist (@StuntPope) [February 21, 2024](https://twitter.com/StuntPope/status/1760396985335738604?ref_src=twsrc%5Etfw)