Ep. 51: Knut & Luke - The Inverse of Clown World

My guests today are Knut Svanholm & Luke De Wolf.  Knut is the author of many classic Bitcoin books including the famous “Bitcoin: Everything Divided by 21 Million”. Luke is the co-author with Knut of Bitcoin: The Inverse of Clown World (see link to purchase below), and together they co-hosts the “Bitcoin Infinity Show” and publish various books. In this episode, we discuss Knut & Luke’s journeys into Bitcoin and the concept of 'Clown World.' We explore the implications of government actions, the allure of free lunches, and the importance of personal responsibility in navigating today's economic landscape. The conversation emphasizes Bitcoin as a solution for individuals seeking to opt out of the current system and build trustworthy communities. Knut and Luke discuss the transformative potential of Bitcoin, its role in fostering trust and facilitating trade without intermediaries. We discuss the notion of legal tender, Bitcoin ownership, the future of corporations in a Bitcoin economy, and the responsibilities individuals must embrace as they navigate this new financial landscape. We end with the transient nature of stablecoins and CBDCs, and Bitcoin's potential to redistribute wealth and empower individuals. ► If you got value, please like, comment, share, follo bstsubscribe and support my work. Thank you! -- SPONSORS -- ►► Get your TREZOR wallet & accessories, with a 5% discount, using my code at checkout (get my discount code from the episode - yep, you’ll have to watch it): https://affil.trezor.io/SHUn   ►► Get 10% off on all books, inc. “The Inverse of Clown World”, using the code EFRAT https://bitcoininfinitystore.com ►► Join me in any of these upcoming events:https://www.efrat.blog/p/upcoming-events  -- LINKS -- Knut’s Twitter: https://twitter.com/knutsvanholm Knut’s Nostr: https://primal.net/knut Luke’s Twitter: https://twitter.com/lukedewolf Luke’s Nostr: https://primal.net/luke Efrat's Twitter: https://twitter.com/efenigson Efrat's Telegram: https://t.me/efenigson Watch/listen on all platforms: https://linktr.ee/yourethevoice Support Efrat's work: ⁠https://www.buymeacoffee.com/efenigson⁠ Support Efrat with Bitcoin: https://geyser.fund/project/efenigson -- CHAPTERS -- 00:00 Coming Up... 01:23 Intro to Knut, Luke & "Clown World" The Book 05:07 Knut's Story 17:58 Luke's Story 26:34 Understanding Clown World and Its Implications 38:56 Solutions to Clown World: Personal Responsibility and Bitcoin 47:05 Meaning of Opting Out 51:49 Scale & Trust in Bitcoin 56:43 Legal Tender vs. Voluntarism 59:47 The Role of Bitcoin in Society 01:00:58 Bitcoin as Legal Tender, Impact of Time Theft & Taxation 01:05:58 The Pendulum of Adoption 01:09:00 Ownership vs. Possession of Bitcoin 01:11:19 Corporations & Bitcoin 01:17:24 Transitioning to a Bitcoin Standard 01:29:20 Stablecoins and CBDCs: A Transitory Phase 01:33:00 Closing Messages