Kinsella on Liberty Podcast, Episode 401.
I appeared on a Twitter Spaces discussion Jan. 12, 2023 for Sazmining, for the topic "Bitcoin & Property Rights," with Kent Halliburton and Logan Chipkin. A variety of questions were fielded. A synopsis and transcript are here, and re-pixeled below.
Synopsis:
Lawyer and libertarian theorist Stephan Kinsella joins Logan Chipkin and Kent Halliburton to discuss Bitcoin from a property rights perspective. If Bitcoin is not physical, how can anyone own it, if at all?
Transcript:
Kent Halliburton (00:06:31):
Sure. Uh, thank you Logan, for the opportunity. You're gonna have to do a little intro for yourself as well. You do an excellent job hosting these spaces, but I operate as the president and COO here at Sats Mining, which means I, uh, manage all the internal affairs. Uh, my first career was in solar, rooftop solar. And, uh, very excited for this conversation to learn from you, Stephan. Um, definitely libertarianism has, uh, has gotten to be in my crosshairs, uh, the further I've gone down my, uh, my Bitcoin journey here. But, um, yeah, been, I think you are the first, uh, first Austro libertarian, uh, that I've spoken to, and, uh, came to learn a lot from you.
Stephan Kinsella (00:07:16):
Well, glad to, uh, meet you and, uh, prepare to have your mind blown.
Logan Chipkin (00:07:21):
. Uh, yes. So I'll, a few words about me. So I've been a, I'm a longtime writer, been writing about all sorts of stuff, journalism, physics, economics for years. And now I'm happy to be working with Sats Mining to really create a lot of our content around Bitcoin, Bitcoin mining and energy. Um, so that's a little bit about me. Uh, Stephan, before we start, do you wanna, uh, tell us a little bit about yourself and your background?
Stephan Kinsella (00:07:46):
Well, I live in Houston, Texas. I am from Louisiana originally. I'm a, I'm an attorney, a retired attorney. I'm a patent attorney, uh, but also have long time been a libertarian speaker, writer and thinker. Uh, uh, mostly influenced by the Austrian economics and anarchist, uh, you know, camp of Rothbard and Mises and these guys. So that's my take. I'm a, I'm a, I'm a, I'm a huge Bitcoin, um, uh, hopeful advocate. I don't know what you want to call it, . So, yeah, that's, that's my take. Plus I was an electrical engineer in, in, in college, so, uh, yeah, I'm, I'm interested in technology and, uh, those related matters too.
Logan Chipkin (00:08:31):
Perfect. Yeah, I'm just to let the audience know, FYI, I'm also essentially an Austro libertarian. I tend to not use that word, uh, in other contexts 'cause people probably don't often know what that is. But since Stephan's here, I figured why not break open the champagne bottles. Um, so it's nice to be amongst my people as it were. Not that Bitcoiners aren't, but anyway. So before we get into, so today we're gonna talk about Bitcoin and kind, kind of how Bitcoin relates to property rights, uh, and we'll see why that's relevant soon. But Stephan, before we get into that, what is Austro libertarianism and what is the Austro libertarian view of property rights?
Stephan Kinsella (00:09:07):
Yeah, that's interesting. So, and, and I'm, I'm assuming we have sort of a generic audience who probably doesn't know all this stuff. So, um, yeah, so basically, um, economics is just a study of wealth, how wealth is created in society, right? And so there is a free market economics and socialist economics and things like that. And there's a sub-school called Austrian Economics, which is a special type of approach to economics, pioneered by Carl Menger and Ludwig von Mises and Friedrich Hayek and Murray Rothbard and these guys. And, um, from, probably, from most of your audience's point of view, the, the fundamental thing to think about, uh, what's unique about Austrian economics is it's, it's focused on the individual look. So every individual is the actor and it's hyper free ma...