TIP259: What Bitcoin Solves - w/ Dr. Saifedean Ammous
We Study Billionaires - The Investor’s Podcast Network
Intro
This chapter discusses the misconceptions about Bitcoin, addressing its reputation as a fraud and highlighting its value as a transformative financial asset. Through insights from a cryptocurrency expert, it contrasts popular skepticism with Bitcoin's potential to reshape traditional financial systems.
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
BOOKS AND RESOURCES
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- Saifedean Ammous’ educational website
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