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The History of Money, Austrian Econ, and Bitcoin's Privacy & Scalability w/ Max Hillebrand (JWP32)

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In Episode 32 of The Jake Woodhouse Podcast, Max Hillebrand and I explore the foundations of liberty and whether it still exists today, how Austrian economics shapes entrepreneurial thinking, the relationship between money, prices, and trade, and the consequences of distorting money. We also discuss the difference between base money and payments, the role of CoinJoin and the Lightning Network in scaling Bitcoin privately, and why the distinction between secrecy and privacy matters.

New episodes drop Monday, Wednesday, and Friday. Let's learn together.

TIMESTAMPS:

0:00 - Introducing Max Hillebrand

0:41 - What is Liberty?

1:23 - Does Liberty Exist Today?

3:46 - Austrian Economics

8:46 - Max’s Entrepreneurial Background

13:27 - Working from an Austrian Econ Foundation

20:06 - Money, Prices, and Trade

27:55 - The Consequences of Distorting Money

32:45 - Base Money vs Payments

41:04 - CoinJoin: Bitcoin’s Scalability and Privacy

44:47 - The Lightning Network

47:20 - Who is Against Privacy?

54:43 - Secrecy vs Privacy

58:07 - Book Recommendation and How to Connect with Max

If you want to learn more or connect, visit my website: https://jakewoodhouse.io/

https://v.nostr.build/5VpUSWEVoC9RuAeG.mp4

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Discussion

Bare Sounds Project 9mo ago

Thanks for this. I'm a fan of Max's chatter.

Jake Woodhouse 9mo ago

Yeah same. Big fan!

Max 9mo ago

It was a pleasure to hang out and chat, you got excellent questions as usual!

Jake Woodhouse 9mo ago

Really appreciate your support Max. Thanks

Teaching me about "daylight robbery" is one I wont forget! There was a number of windows that were bricked up on the house I grew up in, and I was told it was something due to tax. I always thought how it was so weird. A 10 year old boy is so logical: "why would you close a window!" I used to think.

I had no idea that it was were the term "daylight robbery" came from! Awesome stuff.

Max 9mo ago

I learned it from Dominic Frisby, checkout his book of the same title:

https://dominicfrisby.com/daylight-robbery-how-tax-shaped-the-past-and-will-change-the-future/

bitcoinpoorguy 比特幣傢伙 🇭🇰 9mo ago

Great episode! Always love hearing nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq3wamnwvaz7tmwdaehgu3wv9a85ctdduhxuet59uqzpdlddzcx9hntfgfw28749pwpu8sw6rj39rx6jw43rdq4pd276vhur83xg2 ’s take :

sharp, surprising, and full of insight. 🔥

Here are my key takeaways:

🗽 Liberty isn’t the default setting — it has to be defended

👶 Max is pro child labour (voluntarily)

🧩 Even a genius can trade value with a retard

✏️ Nobody knows how to make a pencil — specialization is wild

💸 Money printing = the root of all evils

🧼 We can (and should) make our own dishwasher powder

🪙 “Cash” originally meant base money, not just notes in your wallet

🕵️‍♂️ Privacy isn’t a luxury — it’s a vital part of personal defence

Thanks for the brain food, Max! ⚡️ and thanks nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqg86c5f6rnk7684tcaq8cy5ewjzaazam9rkaanh6q95p0lydfaq855t4snwf

nostr:nevent1qvzqqqqqqypzp7k9zwsuahk3a278gp7p9xt5sh0ghwegah0va7spdqtler20gpa9qqsgg9xu6hjtxv5rzxn2u4hcsafw0y67h8chlxvqgvac8c26uae0e2qtstm5u