Bitcoin core developer and author Jimmy Song recently published a new book titled Fiat Ruins Everything. In this episode, Preston Pysh and Jimmy highlight some interesting perspectives on how the money is not only changing the way businesses conduct themselves, but also how it’s impacting family values, culture, and relationships.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:59 - Why Jimmy doesn't need NFTs.07:55 - How Alt-coins use Bitcoin to rent-seek.12:04 - How fiat undermines work.15:24 - How fiat ruins incentives for the individual.46:39 - How fiat ruins incentives for the organization.46:39 - How fiat has created the crazy VC environment.57:14 - What is the Frankfurt School Conundrum?01:01:52 - How fiat is impacting family values.01:01:52 - How fiat is changing culture.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul><li>Jimmy Song's new book, <a href="https://amzn.to/3PBBzsA" rel="noopener noreferrer" target="_blank">Fiat Ruins Everything</a>.</li><li>Jimmy's book, <a href="https://amzn.to/3RkmJZ6" rel="noopener noreferrer" target="_blank">Programming Bitcoin: Learn How to Program Bitcoin from Scratch</a>.</li><li>Related Episode: Listen to <a href="https://link.chtbl.com/BTC009" rel="noopener noreferrer" target="_blank">BTC009: Bitcoin Engineering with Bitcoin Core Developer, Jimmy Song</a>, or watch the <a href="https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-engineering-w-core-developer-jimmy-song/" rel="noopener noreferrer" target="_blank">video</a>.</li><li>Related Episode: Listen to <a href="https://link.chtbl.com/BTC050" rel="noopener noreferrer" target="_blank">BTC050: Bitcoin Policy, Fundamentals, & Impact w/ CJ Wilson & Jimmy Song</a>, or watch the <a href="https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-policy-fundamentals-impact-w-cj-wilson-jimmy-song/" rel="noopener noreferrer" target="_blank">video</a>.</li></ul>NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter,<a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer" target="_blank">&nbsp;We Study Markets.</a></li><li>Learn how to better start, manage, and grow your business with the&nbsp;<a href="https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/" rel="noopener noreferrer" target="_blank">best business podcasts</a>.</li></ul>P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!SPONSORS<ul><li>Invest in Bitcoin with confidence on&nbsp;<a href="https://river.com/" rel="noopener noreferrer" target="_blank">River</a>. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.</li><li>Reach the world’s largest audience with&nbsp;<a href="https://linkedin.com/results" rel="noopener noreferrer" target="_blank">Linkedin</a>, the place to B2B. 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