Stephan Kinsella joins me to discuss the nature of centralized law legislated by fiat in comparison with decentralized law discovered through the observation of human action across time.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTStephan's Twitter: https://twitter.com/NSKinsellaStephan's Website: https://www.stephankinsella.com/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Exploring the Meaning of Legislative “Law”00:09:40 Possession is 9/10ths of the Law00:16:43 Corruption in Law Making & Money Printing00:20:30 Is Coercion Inherent to Fiat?00:26:44 Bitcoin Replacing Fiat Standards?00:30:00 The Basics of Human Action and Property00:36:17 Is Bitcoin Property?00:44:25 NYDIG00:45:34 Does the Nature of Legal Disputes Change Under a Bitcoin Standard?00:51:42 Custodial Aspects of the Fractional Reserve Banking System00:57:49 Bitcoin Lending & the Threat of Rehypothecation01:03:25 Does Bitcoin Disincentivize High Risk Human Action01:08:37 Morality Under a Bitcoin Standard vs a Fiat Standard01:18:11 Centralized Legislation Contributes to UncertaintySOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22