TL;DR: Sal Mayweather is probably best known by his Twitter handle, Sal The Agorist. His tweets are equal parts profound, funny, and lately have taken on more cryptocurrency-related themes. Specifically, he’s landed square within the Meme War battlefield by simply advocating for peer-to-peer digital cash. It has gotten him in trouble with BTC maximalists in particular, and his response is nothing short of brilliant. This episode is available embedded in the article below, and on YouTube, iTunes, Spotify, Google Podcasts, Stitcher, Radio Public, Breaker, PocketCasts, PodBean, and Overcast.
Educating BTC Maximalists on Economics with Sal Mayweather
“The functions of money as a transmitter of value through time and space may also be directly traced back to its function as medium of exchange,” a dean of the Austrian School of Economics, Ludwig von Mises, wrote. It’s probably a stunning line to those who invoke Mises as their reason for supporting BTC maximalism — they’re simply not going to read it on any BTC maxi platform.
It contradicts the store-of-value (SoV), digital gold narrative BTC maxis have concocted in recent years. That Mises gem was unearthed by Sal Mayweather, a prolific social media influencer and thinker who has jumped right into the Meme War.
Mayweather was once recently engaged in small-ish debates with go-to BTC maxi Saifedean Ammous. That turned into a saga itself, thrusting Mayweather in the broader discussion about SoV and medium-of-exchange. He wrote a blog post in response that has, in turn, really elevated the debate, citing Austrian School of Economics luminaries to buttress his points. We discuss the events leading up to it, why Mayweather finds agorism compelling and what it is, and muse about motives behind BTC maximalists’ stridency in the face of overwhelming proof.
- CoinSpice Podcast 43
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