Ep. 66: Eric Stacks - Digital Scarcity Creates Abundance

My guest today is Eric Stacks, a former cannabis producer turned passionate Bitcoin advocate. From his early life shaped by familial challenges to his pivot into Bitcoin after witnessing the inefficiencies of the fiat system, Eric has developed a deep understanding of economic incentives, free markets, and the promise of Bitcoin. Eric shares how his journey began with mistrust of the pharmaceutical industry, leading him to cannabis production and eventually to Bitcoin as a solution to the systemic flaws he observed. His unique insights connect the dots between free-market deflation, economic Darwinism, and Bitcoin’s potential to incentivize ethical behavior while punishing dishonesty. He explains how Bitcoin redefines property rights, empowers individuals, and offers a path to a more sustainable global economy. We also discussed El Salvador’s Bitcoin adoption, governments under a Bitcoin standard, and what a new monetary system would look like. Eric’s vision of an after-Bitcoin world is filled with hope, optimism, and practical strategies for how to navigate the changes ahead. This episode was filmed in El Salvador in Nov. 2024. ► If you got value, please like, comment, share, follow 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 -- SPECIAL OFFERS –►► Enjoy theLittle HODLer products, learn about sound money while having fun! use code EFRAT for 10% off on non-sale items: https://thelittlehodler.com/►► 10% off on all books & accessories at the “Bitcoin Infinity Store” - use code EFRAT►► Join me in any of these upcoming events: https://www.efrat.blog/p/upcoming-events -- LINKS –Eric’s Twitter: https://x.com/EricVStacks Eric’s npub: npub1h4397xuvfxne7p6l867j6ygl7cj4qn8j45fygt7hp5v3m5h5543qhms70fEfrat's Twitter: https://twitter.com/efenigsonEfrat's Telegram: https://t.me/efenigsonWatch/listen on all platforms: https://linktr.ee/yourethevoiceSupport Efrat's work: ⁠https://www.buymeacoffee.com/efenigson   ⁠Support Efrat with Bitcoin: https://geyser.fund/project/efenigson-- CHAPTERS –00:00 Coming Up…01:11 Introduction to Eric & His Background06:50 From Cannabis & Real Estate to Bitcoin16:20 Business Consulting & Putting Bitcoin on the Balance Sheet18:17 The Fiat Paradigm, Patents, and Misaligned Incentives22:17  The Paradigm of “You’ll Own Nothing & Be Happy”28:36 Coming Out of “Scumbaggery”: A Rotten System36:56 Economic Darwinism: Bitcoin in Politics & Institutional Takeover44:58 KYC Bitcoin, Privacy & Anonymity48:52 El Salvador's Bitcoin Journey & Relocation Opportunity57:29 Deflation Is The Natural State of a Free Market1:06:12 The Silent Revolution of Bitcoin: Hope and Ethics 1:18:57 The Future of The Monetary System on a Bitcoin Standard1:21:38 Final Thoughts