Bitcoin & The Sovereign Company with Christian Keroles & Robert Breedlove
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Location: Remotely
Date: Monday 15th February
Company: Bitcoin Magazine & Independent
Role: Media Editor & Bitcoin Writer
Bitcoin is the separation of money and state. It allows hodlers to opt-out of government-issued fiat currency and take sovereignty over their money. For many libertarian-minded Bitcoiners, this was the draw to Bitcoin, even before it had any real value.
Throughout late 2020 and into early 2021, more and more companies have added Bitcoin to their treasuries. MicroStrategy led the way, but the most notable is Tesla's recent $1.5bn Bitcoin acquisition.
For many, Bitcoin's attraction is due to its monetary policy and thus is a hedge against the unprecedented levels of money printing and the fear of high inflation. However, as Christian Keroles said in his article for Bitcoin Magazine The Sovereign Company Thesis "As companies adopt Bitcoin, they will begin to gain new levels of sovereignty and leverage over the state … this in and of itself will challenge the dynamics of governance and the nature of nation-states as we currently know them.
So, what does the future of sovereign companies look like?
In this interview, I talk to Christian Keroles, the Media Editor of Bitcoin Magazine and Robert Breedlove. We discuss the idea of sovereign companies, jurisdictional arbitrage and moving away from a state-controlled world.
00:05:09: Introductions
00:06:58: "The Sovereign Individual"
00:13:41: Human's ability to organise themselves
00:17:04: Taxation and inflation
00:18:13: The sovereign company
00:21:38: BitMEX
00:23:23: Part and full self-sovereignty
00:28:45: Tesla
00:30:33: Lorena Gonzalez vs Elon Musk
00:32:06: Optionality keeps parties honest
00:33:40: Jurisdictional arbitrage
00:37:08: The EU
00:40:25: The purpose of borders
00:44:01: Contract resolution in the digital age
00:49:56: Sovereignty for smaller vs larger companies
00:54:46: The sovereign is he who decides the exception
00:57:05: Technology as a part of sovereignty
01:02:39: The digital revolution
01:07:17: Three steps for business self-sovereignty
01:11:57: Preparing for the transition
01:13:30: Final comments
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Other relevant WBD podcasts:
WBD309: Tesla’s $1.5bn Bitcoin Buy with American HODL & Preston Pysh
WBD265: What is Bitcoin? With Parker Lewis, Robert Breedlove & Vijay Boyapati
WBD220: Bitcoin is Reshaping the World with Robert Breedlove
WBD161: Nik Bhatia on Why Bitcoin is a Response to Central Banks
WBD082: Andreas M. Antonopoulos Podcast Interview - What Happens When Bitcoin Takes Over