
TIP259: What Bitcoin Solves - w/ Dr. Saifedean Ammous
We Study Billionaires - The Investor’s Podcast Network
Bitcoin: A New Era in Digital Cash
This chapter examines Bitcoin's role as a decentralized alternative to traditional cash, emphasizing its ability to facilitate peer-to-peer transactions without intermediaries. It explores the implications of Bitcoin as a final settlement layer, the functions of money, and the impact of government interference on economic stability.
On today's show, we talk to leading Bitcoin expert, Dr. Saifedean Ammous about how Bitcoin works and what problems it attempts to solve. Dr. Ammous is the author of the Bitcoin Standard.
IN THIS EPISODE YOU’LL LEARN:
- Why a higher demand for Bitcoin indirectly makes the currency more secure and in turn a better store of wealth
- Why the adoption of a deflationary currency like Bitcoin will encourage people to think long term and invest more
- Why the clearance mechanisms of central banks will ensure the fiat currency system’s survival
- Why profitable bitcoin mining in the future won’t be using fossil fuels
- Why Altcoins can’t compete with Bitcoin regardless of any current or future technical properties
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- Saifedean Ammous’ educational website
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