FWB064

Everything Is Fiat: The Seed Oil Rabbit Hole

Everything Is Fiat: The Seed Oil Rabbit Hole

block #792865

synopsis

Part two of "Trust But Verify Your Husband." Mandana pushes back on Ian's habit of calling everything "fiat" and argues he only takes health/food information seriously when Bitcoiners say it. Ian defends the "fiat" framing through second and third-order effects (seed oils in food, companies surviving on borrowed money, organized baseball in 90-degree heat). They debate whether a Bitcoin standard would eliminate waste or if human nature is inherently wasteful.

quotes

"If it's inefficient, wasteful, and frustrating, then it must be fiat based" — tweet Ian quotes
"Has Uber even made a dollar and it's like 15 years of existence? They managed to destroy the cab industry without making a dollar." — Ian
"How am I supposed to think about Bitcoin if my boobs hurt?" — Mandana (on bras designed by men, as analogy for women's broader experience)
"You seem to only care about something I think is a problem once Bitcoiners tell you it's a problem" — Mandana
"The fiat system is robbing you on a daily basis. Until you get tired of being robbed, you're gonna keep getting robbed." — Ian
"I'm the brains, you're the beauty... I think I'm the brains AND the beauty" — Mandana

topics

Ian calling everything "fiat" — Mandana's sustained pushbackSeed oils in food as second-order effect of fiat systemOrganized kids' baseball at noon in 90°F as "fiat" (misallocated resources)Bitcoin-only grocery stores would self-select for qualityCompanies surviving on debt (Uber never profitable, destroying taxi industry)Fiat food, fiat schools — the framing applied broadlyMandana's argument: human waste/inefficiency exists independent of monetary systemCostco trip song (Pellegrino, buy the case at Costco)Mineral water rabbit hole (TDS, glass bottles)
published
June 11, 2023
block
block #792865
full show notes
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