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Join this masterclass to learn why scarcity, consensus & incentives make Bitcoin unstoppable👆 👉 View more Bitcoin for Millennials episodes here: • 10 Bitcoin Concepts That Separate Beginner... ⚡️ Book a 1:1 Bitcoin Coaching/Guidance session with me: https://cal.com/bramk Vijay Selvam is a lawyer and the author of *Principles of Bitcoin: Technology, Economics, Politics, and Philosophy*, a comprehensive first-principles guide to understanding Bitcoin’s multidimensional impact and once‑in‑history discovery. › / vijayselvamxo › https://www.amazon.com/Principles-Bit... › ’Bitcoin is Time’ paper: https://dergigi.com/2021/01/14/bitcoi... PARTNERS 🌳 Gain peace of mind with Onramp’s Multi-Institution Custody solution. Sign up with code *BRAM* to receive $150 in Bitcoin after your first deposit: https://onrampbitcoin.com/bram 🟧 Gemini’s Bitcoin Credit Card: Earn instant bitcoin rewards on every purchase with no annual fee. Sign up today to earn a $200 intro Bitcoin bonus: https://gemini.com/bram 🔐 Blockstream Jade Plus: The simplest and most secure hardware wallet on the planet - Get 10% off your entire order with code *BRAM* at https://store.blockstream.com 🔨 Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code *BRAM* at https://stampseed.com PRODUCTS I ENDORSE › Get 10% off a Bitaxe open-source Bitcoin home miner using code BRAM at https://shop.powermining.io/?ref=BRAM › Buy Bitcoin in the EU 🇪🇺 via https://relai.me/bram and use code *BRAM* to reduce fees by 0.5% SUBSCRIBE TO GET NOTIFIED 🔔 / @bramk 📡 Podcasting app links: https://bitcoinformillennials.com ⚡️ Follow me: / bramk ✉️ My newsletter: https://bramk.substack.com Nostr: npub1gfxgylgst4lcemkjth6xdvcvq7le8rtlrym7wayml63qrjggngaqkqescl 🕑 TIMESTAMPS 00:00 - Introduction to Bitcoin and Its Principles 03:06 - The Journey from Gold to Bitcoin 03:31 - Understanding Bitcoin Through First Principles 04:03 - The Rock of Centaurus: A Thought Experiment 04:09 - The Map is the Territory: Bitcoin's Unique Nature 10:36 - Bitcoin's Edge Over Traditional Assets 13:26 - The Core of Digital Scarcity 14:53 - Understanding Money and Its Properties 20:32 - The Evolution of Money 21:06 - The Impact of Inflation and Debt 23:55 - Central Planning and Its Consequences 29:32 - Bitcoin's Role in Sovereignty and State Power 45:43 - The Cycle of Civilizations 47:50 - Time Preference and Economic Behavior 49:47 - Bitcoin as a Solution to Consumerism 53:13 - The Impact of Money on Society 53:54 - Bitcoin: A Once in History Invention 01:00:45 - Bitcoin as a Mirror of Self-Reflection SUPPORT THIS CHANNEL Tip via Lightning: https://strike.me/bramk On-chain Bitcoin: bc1qzltz8t9l5d9zln9j00genvwxr9hylhn2cegcgc Dollars via Paypal: https://paypal.me/bramk ABOUT BITCOIN FOR MILLENNIALS PODCAST Join Bram Kanstein and his guests on a journey to learn how our current financial system works, why it is flawed, and why Bitcoin is the most relevant technological discovery you should understand and adopt. Questions or comments? → bram@bitcoinformillennials.com #Bitcoin #Finance #Economics #Fiat #BTC not #Crypto #BitcoinETF #ETF #Scarcity #bitcointalk #bitcoinnews #bitcoins #bitcoinprice #moneymindset #moneytips #money #millennialmoney #millennials EPISODE SUMMARY Bram Kanstein and Vijay Selvam explore The Principles of Bitcoin through the eyes of an ex–Wall Street lawyer who lived the 2008 crisis. Vijay saw bailouts and moral hazard up close, turned to gold, then realized Bitcoin’s scarcity, consensus, and unstoppable design make it a once-in-history breakthrough. We cover why insiders dismissed Bitcoin, proof-of-work explained simply, incentives that make it unstoppable, inflation as hidden theft, and how sound money reshapes time preference, culture, and the future. Gemini Credit Card Disclaimer The Gemini Credit Card is issued by WebBank. For more information regarding fees, interest, and other cost information, see Rates & Fees: https://gemini.com/legal/cardholder-a.... Some exclusions apply to instant rewards; these are deposited when the transaction posts. 4% back is available on up to $300 in spend per month (then 1% on all other Gas, EV charging, and transit purchases that month). Spend cycle will refresh on the 1st of each calendar month. See Rewards Program Terms for details: https://gemini.com/legal/credit-card-.... Checking if you’re eligible will not impact your credit score. If you’re eligible and choose to proceed, a hard credit inquiry will be conducted that can impact your credit score. Eligibility does not guarantee approval. To qualify for the $200 crypto bonus, you must spend $3,000 within 90 days of account opening: https://gemini.com/legal/credit-card-...