Taking Care of Bitcoin with David Biles! 

Housing, Inflation, and Sound Money

TCB talks with David Biles, who says he’s new to economics but thinks deeply about money, housing, and broader impacts. They discuss why housing has been treated as an appreciating asset and connect rising prices across industries to currency debasement from ongoing money printing tied to U.S. debt and deficits. The host explains Bitcoin’s origin after the 2008 crisis, its fixed 21 million supply enforced by decentralized consensus, and why users are disincentivized from changing issuance. They cover Bitcoin’s volatility as a global price-discovery process, its competition with store-of-value assets like gold, bonds, real estate, and currencies, and potential upside if it captures parts of that market. They also discuss divisibility into satoshis, payments via the Lightning Network, merchant fee savings versus Visa, Square/Block enabling adoption, global usage, and Bitcoin’s benefits for censorship resistance and portability.

00:00 Welcome and Guest Intro
01:38 Housing as Money Debate
02:24 First Bitcoin Memories
03:23 Why Bitcoin Exists
08:45 Fiat Printing and Inflation
12:50 What Gives Bitcoin Value
15:25 Bitcoin as Engineered Money
18:24 Bitcoin Upside and TAM
23:51 Divisibility and Layer Twos
26:12 Lightning Payments in Practice
28:08 Cutting Out Visa Fees
29:59 Small Business Payments
30:38 Lightning QR Demo
31:57 Banks Fight Back
34:18 Protocols Don’t Replace
37:13 Inflation Steals Time
42:48 Bitcoin Everywhere Now
45:35 Programmable Money Fears
49:06 Escape With Your Wealth
52:07 Fix the Math Problem
54:53 Wrap Up and Plugs

Check out David on TikTok @aviddn and YouTube @ttv.aviddn

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