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BlockchainNZ Pod E06 with Stephen Macaskill on Economics, Money, and Bitcoin

Stephen Macaskill is the CEO of Dasset, a trading platform for buying bitcoin and other digital assets. Before digital assets Stephen ran a precious metals company helping people maximize their savings and financial literacy. In this conversation we talk about precious metals and gold’s role in recent monetary history including Bitcoin; the definition of money and Austrian and Keynesian methodologies within economics; bitcoin and its intrinsic versus subjective value; spontaneous orders, and human cooperation through decentralized autonomous organizations.


00:00 precious metals and gold’s role in monetary history

05:41 WTF happened in 1971

12:04 what is money

25:30 austrian economics

18:23 Austrian vs Keynesian

26:12 social data vs natural science

31:46 bitcoin

38:07 intrinsic vs subjective value of bitcoin

42:09 on enabling global collaboration

44:29 scaling blockchains

47:50 defining digital assets

51:53 potential of DAOs

57:44 insurance

1:00:00 rapid fire

1:02:43 fin

Some notes from the show:

what happened in 1971?

Turkish rare earths discovery

French try to redeem gold

Austrian methodology

Keynes & rise of macroeconomics


Bitcoin whitepaper

spontaneous order


Vitalik’s essay on DAOs

Whitehouse redefines recession


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Recorded at blockheight 746718. The BCNZ podcast was founded in 2022 by Jeff Nijsse and Bryan Ventura.

BlockchainNZ We provide New Zealand businesses and individuals opportunities for connecting, promoting and advancing in all things blockchain, crypto and decentralisation. We believe that by working together and leveraging our globally recognised brand of trust and integrity, New Zealand can become a key player in the move to a decentralised global ecosystem.