About this episode
Eric Yakes runs Epoch Ventures and is the author of The 7th Property: Bitcoin and the Monetary Revolution.› https://x.com/ericyakesPARTNERS? Gain peace of mind with Onramp’s Multi-Institution Custody solution. Sign up with code BRAM to receive $150 in Bitcoin after your first deposit: https://onrampbitcoin.com/bram? Buy Bitcoin in the EU ?? via https://relai.me/bram - Sign up with code BRAM to get 10% off your feesPRODUCTS I ENDORSE› Get 10% off a Bitaxe open-source Bitcoin home miner using code BRAM at https://shop.powermining.io/?ref=BRAM› Blockstream Jade Plus: The simplest and most secure hardware wallet on the planet - Get 10% off with code BRAM at https://store.blockstream.com› Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code BRAM at https://stampseed.com? SUBSCRIBE TO GET NOTIFIED› https://youtube.com/@bramk??› https://x.com/bramk? TIMESTAMPS00:00 - Immutability as a Core Property of Money01:19 - The Evolution of Money: From Private to Centralized03:20 - Coinage, Coin Clipping, and Roman Debasement05:11 - Banking Origins: Receipts and Fractional Reserves07:14 - Central Banks, Paper Money, and the Telegraph Era09:38 - The Fiat Era: Debt Expansion and Moral Hazard11:19 - How Bitcoin Removes Monetary Tradeoffs13:14 - Trust, Human Fallibility, and Objective Verification16:58 - A Distributed Future: Bitcoin Meets AI20:37 - Agency, Incentives, and Escaping Fiat Life Scripts23:42 - Why Monetary Technology Adopts Slowly25:51 - Adoption S-Curves: Store of Value Comes First31:44 - Volatility, Institutions, and Capital Depth38:02 - Volatility vs. Risk: Narratives Drive Markets43:46 - Why Bitcoin Is Hard to Understand47:58 - Banks, Credit, and Fractional Reserve on Bitcoin57:32 - Hot Takes: Nasdaq Correlations and Crashes01:00:16 - Quantum Computing and Bitcoin as a Protocol01:04:22 - Fears and Hopes: Fr
