Would you rather spend your money today or save it to spend into the future? For decades, fiat monetary policy has been pushing us all to spend, spend, spend ... ushering in an era of consumerism often mistaken to be capitalism.

In this episode, we talk about time preference and how to lower yours...what the impact of a lower time preference will do for you, your money, and the world.

Once again, sit back and marvel at how Bitcoin -- society's only man-free sound money -- will fix the dysfunctions of the world.

Joined again by Sovereign Mind, we explore Bitcoin and Energy.

Through Bitcoin's proof of work mining protocol, energy is translated to value. Unlike prior energy monetization methods, bitcoin mining captures energy AT THE SOURCE and converts it immediately to value, without the need for transmission.

This technological breakthrough will revolutionize energy markets AND how we organize civilization. Energy companies will become banks, developing countries no longer have to waste or export their natural gas while their country develops.

The implications of bitcoin are massive. Making global energy markets more efficient is just one piece of a truly remarkable transformation.

"We can ignore reality. But we can't ignore the consequences for ignoring reality." -Ayn Rand

Bitcoin is a monetary technology that is accessible to everyone. Anyone with internet access and $5 to save can save their time and energy using bitcoin. It cannot be manipulated by any outside authorities.

Because of bitcoin's verifiable scarcity, Bitcoin adoption is a fantastic example of game theory. Participants can act anticipating how others in the future will eventually act. Increasingly, participants with larger pools of capital will begin to appreciate the power of Bitcoin and participate in the network. The larger the network gets, the less risky it becomes. With bitcoin - paradoxically - the higher the price, the lower the risk.

Anyone with internet access chooses to either store their time and energy into bitcoin or to not store that productivity into bitcoin. Either way, making a decision to invest or not invest in bitcoin will have consequences. Do research and act accordingly.