Magic Internet Money

Zay's 'No Keys, No Cheese'

Opting Out of Unfair Systems Mar 12, 2021

Show notes

In this episode, Brad is joined by Justin Rhedrick, a.k.a Bitcoin Vegan. As a Bitcoin maximalist, a black man, and an ex-prisoner, Justin's Bitcoin story provides a unique perspective that's world's apart from that of the average Bitcoiner. After getting out of prison, Justin discovered Bitcoin through his grandfather, then his friend Isaiah Jackson (Zay). His story is one of resilience, grit, and Bitcoin at the end of the tunnel. As a guy who went to prison, the traditional system is not exactly amenable to him. Luckily, Bitcoin is a way to opt out. Tune to hear Justin's inspiring story, as well as his and Brad's takes on issues currently surrounding Bitcoin.

Timestamps

00:00:00 - Justin on why Clubhouse is a firsthand experience on all things Bitcoin

00:02:29 - Misconceptions about Bitcoin that won't die

00:04:41 - How everyone is asking about Doge on Clubhouse, and 'toshis'

00:07:41 - Brad's 75-day challenge including buying Bitcoin every day

00:09:51 - Justin on why Bitcoin is like Floyd Mayweather

00:20:42 - As a vegan, is Justin mad about "No Keys, No Cheese"?

00:24:29 - Justin's story - his comeback story powered on by Bitcoin

00:40:32 - Brad and Justin's experiences with judgment in the Fiat system

00:48:05 - On Charlie Shrem, Ross Ulbricht and Roger Ver

00:51:00 - Slavery in prisons, and opting out of unfair systems with Bitcoin

01:02:52 - Why Justin and Charlie Shrem should do a podcast together

01:07:40 - Justin's social media plugs

Podcast Mentions

Alex Gladstein

How Money Got Free, Book

Find Justin Rhedrick on:

Bitcoin Vegan Twitter

Bitcoin Vegan Instagram

Find Brad Mills on:

Rise Wallet Bitcoin Cards

Bitcoin, Dogecoin, and Outrage Culture Mar 05, 2021

Show notes

Brad is joined by friends Bryan O’Gorman and Nick Beaton for a fun comedy style podcast. Bryan and Nick come to Brad with fresh questions from a beginners perspective after the recent run up with Bitcoin. This episode has topical conversations on Outrage Culture and how it is affecting the comedy scene. Additionally, the trio discusses Elon Musk and his endorsement of Dogecoin. Brad layers this discussion by always bringing things back to Bitcoin. Tune in for good memes, and great fun.

Timestamps

00:00:00 - Show Start

00:02:35 - Introductions

00:04:02 -Are you thinking of Buying Bitcoin?

00:06:25 - Bitcoin is up 15x in 18 months

00:06:51 - Nick Buys Bitcoin with Brad’s Bitcoin Card

00:08:30 - AMC Stock Vs. Bitcoin (Company vs. New Money)

00:09:40 - Brad’s Thoughts on Dogecoin

00:12:37 - “Have fun Staying Poor”

00:14:38 - Stocks vs Bitcoin. World Transferring its Wealth into Bitcoin.

00:16:50 - Toilet Paper Fiasco of 2020

00:17:24 - Everyone has too much Debt

“Everybody’s Leveraged way too much, because money is just debt, people are overleveraged”.

00:23:00 -Discussion onBlack Lives Matter & Outrage Culture

00:28:25 - Two Scenarios for the Future

00:33:30 - Can you Buy Things with Bitcoin? Brad gives the Satoshi Gospel

00:36:20 - Thinking in Dollars

00:37:25 - Bryan: Should I wait for a Dip?

00:41:40 - Where is Comedy Going? Discussion on Comedy in COVID era

00:49:40 - Real Advice for Bitcoin

00:51:05 - Canadians can get Tax Free Gains on Bitcoin

00:53:50 - Nick and Bryan’s Financial Plan for the Next Time They Meet

00:55:15 - Outro

Links to Mentions in the Show

Dogecoin

Canadian Debt Calculator

The Great Depression

Find Bryan O’Gorman

Bryan O’Gorman Twitter

Glorious and Free Podcast

Find Nick Beaton

Nick Beaton Twitter

Nick Beaton on Funny Business

Tesla

Find Brad Mills:

Black Bitcoin Billionaires

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.

Bitcoin and Black America Feb 26, 2021

Show notes

On this episode of Magic Internet Money, host Brad Mills invites Isaiah Jackson onto the show to discuss how Bitcoin is benefitting the black community. Isaiah informs Brad of how racism is baked into the financial system. Isaiah explains the resistance in the black community towards libertarian mindsets and adopting Bitcoin. The duo discuss their experience in educating others about Bitcoin, including Soulja Boy who has recently inquired about the currency.

Timestamps

00:00:20 - Introduction

00:03:05 - Show start

00:04:10 - Introducing Isaiah Jackson

00:13:37 - The claim with “you got lucky”

00:16:25 - Black Bitcoin Billionaires

00:23:22 - Bitcoin’s early scene and why didn’t more black people join

00:27:19 - Isaiah’s experience with Bitcoin and the black community

00:34:02 - Financial racism towards the black community

00:41:32 - Soulja Boy asking about Bitcoin

00:48:40 - The Tulsa massacre and group economics

00:50:55 - Closing remarks and advice

01:00:42 - Social media plugs

Links to Mentions in the Show

Clubhouse

Soulja Boy investigating Bitcoin

Tulsa Massacre

Lamar Wilson

Crypto Blockchain Plug

Bitcoin Vegan

Tavonia Evans

Find Isaiah Jackson

Isaiah Jackson Twitter

Bitcoin and Black America

Find Brad Mills

The r/WallStreetBets Short

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.

Occupy Wall Street 2.0 Feb 24, 2021

Show notes

On this episode of Magic Internet Money, host Brad Mills invites fellow podcasters Max Keiser and Stacy Herbert onto the show to discuss the stock market fiasco caused by r/WallStreetBets. The group discusses how it resembles the 2008 housing bubble and other stock market crashes. Max passionately defends Millennials and Generation Z’s “right to compete”. Brad discussed the history of fraud that Wall Street bankers have dabbled in over the years and the fallout of those controversies and how they related to the Gamestop Short.

Time Stamps

00:00:19 - Intro

00:02:21 - Show start

00:04:10 - What is shorting?

00:11:20 - Why did Millennials buy GME?

00:16:18 - How GME resembles 2008

00:19:45 - The Bailout Chain

00:21:14 - Citadel, RobinHood, and how dominoes fall

00:24:00 - Occupy Wall Street in cyberspace

00:28:48 - Market rigging software

00:31:40 - London: the capital of fraud

00:35:18 - What could crash markets?

00:42:00 - Banking crisis

00:47:55 - How banks “killed Greece”

00:50:51 - “Bitcoin is the best way to do battle against crooks”

00:53:03 - Bitcoin vs “Shitcoins”

00:57:53 - “Attack on the Capital in cyberspace” and closing remarks

Links to Mentions in the Show

Citadel

Melvin Capital

Naked Shorting

Regulation SHO (Reg Sho)

Patrick Byrne

History of US Bailouts

Asymmetric Warfare

How are Melvin, Citadel, and RobinHood Related?

Find Max Keiser

Find Stacy Herbert

Stacy Herbery Twitter

Stacy Herbert LinkedIn

Find Brad Mills:

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.

Bitcoin Only vs ETH/DeFi/Altcoins Feb 11, 2021

Show notes

In this episode, Brad taps Ivan Brightly to analyze Bitcoin's current crazy rally and its lifting of altcoins with it. Ivan is Brad's friend, fellow Bitcoiner, and investment partner. He was also an early partner at Mike Novogratz's crypto investment firm Galaxy Digital. The two get into one of the space's most touchy debates: should you put your money in Bitcoin only, or should you bet on altcoins as well as DeFi? Some sections of DeFi have raised eyebrows as some people question whether it's really about 'decentralizing finance' or if there's more than meets the eye. Tune in to hear the two's (often contrasting) stances on this and more.

Timestamps

00:00:00 - Intro by Brad

00:03:31 - On 'Bitcoin freeriding', recent 51% attacks and the BTC/BCH war

00:22:50 - Blockchain applications are cool, but do we need all these accompanying tokens?

00:25:50 - Is DeFi really about helping people?

00:34:41 - Lightning Network's privacy or lack there of it

00:46:44 - The thing with 'DAO's

00:52:51 - Are tokens going to replace equity?

00:57:00 - Brad's strong case for Bitcoin-only investing

1:24:55 - Ivan and Brad's closing arguments on whether you should go Bitcoin-only

1:29:35 - Why you should check out the Lightning Network

Ivan Brightly and Brad Mill's First episode

Mike Novogratz of Galaxy Digital

Lindy effect of BTC

Satoshi's disapproval of WikiLeaks' use of Bitcoin

Monero Sybil attack, Bitcoin Gold, and Firo's 51% attacks

Uniswap and Sushi Swap DeFi protocols

Luke Martin

Find Ivan Brightly on:

Ivan Brightly Twitter

Find Brad Mills on:

Ralph Merkle and Bitcoin as a living thing

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.

The Fourth Turning, Mycelium networks and Bitcoin Feb 04, 2021

Show notes

On Episode 35 of Magic Internet Money, host Brad Mills invites Brandon Quittem on the show to talk about mycelium networks, a generational theory called The Fourth Turning, and the global financial system. Brandon introduces himself and his background in yoga and travelling India for four years. He transitions into the discussion about how Bitcoin resembles mycelium networks and functions not unlike a living organism. Brad remarks that after learning about the cordyceps mushroom, Bitcoin “takes over your brain” like the zombifying fungus. Brandon explains what The Fourth Turning is to Brad, and the patterns that occur between generations reveal themselves. Brandon believes we are in the midst of a Fourth Turning at this time, and discusses a forecast of events to come. Things such as the possibility of a civil war in America, but not in the traditional sense and a “Bitcoin renaissance”.

Time Stamps

00:02:36 - Introduction

00:03:54 - Brandon’s background and mycelium

00:15:25 - Bitcoin as a mycelial network

00:21:30 - Bitcoin takes over your brain and adoption

00:27:33 - The Fourth Turning

00:38:40 - Climax of The Fourth Turning

00:43:20 - Popular culture defined by the left

00:49:30 - Minneapolis protests and contemporary rhetoric

01:02:18 - Trump possibilities and the left

01:07:16 - Bitcoin Renaissance

01:09:40 - Benefits of Bitcoin

01:15:00 - Bitcoin is a peaceful revolution

01:20:30 - The alt-coin question

01:25:30 - Bitcoin resources

01:34:28 - Outro

Links to Mentions in the Show

World’s largest organism

Joe Rogan Podcast

Elon Musk Twitter

The Fourth Turning

Donald Trump banned from twitter

The largest wealth transfer ever

Cancel culture

Jeff Booth

Executive Order 6102

Find Brandon Quittem

Brandon Quittem Twitter

Brandon Quittem’s website

Brandon Quittem on Clubhouse

Brandon Quittem on Swan

Find Brad Mills:

How to Get Filthy Rich in Rising Asia

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.

GoFullCrypto Crossover Episode Feb 02, 2021

Show notes

In this episode, Brad is joined by Keegan Francis and Mrugakshee Palwe. Keegan and Mrugakshee are behind Go Full Crypto, a podcast and service that helps people transition into crypto. Mrugakshee, being a woman from India, represents the diverse faces in Bitcoin and crypto. As a native of India, what are her Bitcoin lessons? Tune in for this and everything including financial self-custody, hyperbitcoinization, CBDCs, and more.

Timestamps

00:00:00 - Intro by Brad

00:03:38 - How Brad discovered and connected with Keegan and Mrugakshee

00:06:33 - Brad on engaging with diverse Bitcoin voices onwards

00:10:03 - Bitcoin and taxation, libertarianism, and how about pushing Bitcoin on marginalized Cape Breton

00:21:33 - Social disparities Bitcoin can fix - personal experiences by Mrugakshee and Brad

00:34:41 - Discussion on Bitcoiners and the need for empathy

00:40:40 - Delving into hyperbitcoinization and how it would manifest

00:42:57 - Chat on self-custody of keys and role of encryption in self-sovereignty

00:48:43 - Keegan and Mrugakshee on their families' attitudes towards Bitcoin

00:51:23 - Politics of universal wealth distribution and achieving universal Bitcoinization

1:17:13 - Pivot into central bank digital currencies (CBDCs)

1:19:35 - Human rights and privileges and whether Bitcoin's a cure-all

1:37:08 - Elevator pitch by all three on why you should look into Bitcoin

1:44:05 - Where to find all three

Podcast Mentions

Isaiah Jackson on Go Full Crypto

Story of Dan Clarke on Go Full Crypto

Ansel Lindner on Magic Internet Money

Hyperbitcoinization

Money, Bitcoin and Time blog by Robert Breedlove

The Big Short, movie

Find Keegan & Mrugakshee on:

Go Full Crypto podcast

Go Full Crypto Twitter

Keegan Francis Twitter

Mrugakshee Palwe Instagram

Find Brad Mills on:

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.

Expert Bitcoin Analyst Willy Woo Jan 21, 2021

Show notes

Magic Internet Money: Willy Woo

In this episode, Brad is joined by one of world’s most popular personalities: Willy Woo. Willy has over 200,000 followers on Twitter and is Substack's currently best-rated investment newsletter. Most people know Willy as the on-chain analyst, but they haven't gotten the chance to hear him one on one. He talks for the first time about last March's Adaptive Capital shut down, as both reveal their stake in the fund and how they rode out the fallout. Tune in for illuminating discussions on more Bitcoin trends.

Timestamps

00:01:00: Introduction by Brad

00:03:17: Willy's newsletter,

00:04:45: Willy on BTC's current bull run

00:14:09: Willy's analysis of the direction of exchanges' traffic

00:16:29: Willy's newsletter and his on-chain analysis

00:19:00: Discussion on Bitcoin’s fit into Willy's personality spectrum

00:28:26: TheSatoshi mystery

00:31:31: Willy's first foray into investing

00:55:21: 'Stoic philosophy' and Zen

01:02:46: Willy's approach to the recent financial crisis

01:06:30: Adaptive Capital's and lessons learned

01:15:15: Bitcoin's cycles

01:31:41: Brad's75-day challenge

01:32:53: Where to find Willy on social

Podcast Mentions

Microstrategy buying of Bitcoin

Blackrock's endorsement of Bitcoin

Michael Saylor

Willy's cool "Shit runs downhill" chart

Proof of Keys, Trace Mayer

Laura Shin, host of Unchained Podcast

Adaptive Capital closure

Find Willy Woo on:

Find Brad Mills on:

Ben Hunt’s podcast, Epsilon Theory

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.

Ivan Brightly as the Super Bitcoin Bull Jan 16, 2021

Show notes

In this episode of Magic Internet Money, host Brad Mills discusses guest Ivan Brightly’s time being partnered with Galaxy Digital. Galaxy began as a hedge fund that has since shifted its scope to become the “Goldman-Sachs of Crypto”. Ivan discusses his experience with the company before his departure in January.

The pair discuss the impact that ETFs are having and may continue to have on cryptocurrency markets. In addition to that impact, ETFs have the potential to bring centralization to the market. Brad and Ivan debate about Coinbase being anti-bitcoin and whether or not it remains true to libertarian philosophies. Finally, the two share their lessons learned over the past few cycles and share their crypto portfolio experiences.

Time Stamps

4:20 – “Saylorization” of the investment class and cipherpunk values

10:20 – The Risk of government intervention

22:53 – Importance of ETF

38:20 – Options about GBTC/QBTC

57:30 – Lessons learned over past cycles

Mentions from the Show

Galaxy Digital

Mike Novogratz

Michael Saylor

Chaincode and Blockstream developer tools

Bitcoin ETFs

Coinbase

Find Ivan Brightly at:

Ivan Brightly twitter

Brad Mills Social Links