4min chapter

Lex Fridman Podcast cover image

#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

Lex Fridman Podcast

CHAPTER

Bitcoin Standard - The Best Way to Do Money?

In the Bitcoin standard I present the argument that money is always whatever is the hardest thing to make. Sea shells, rare sea shells that are not easy to find end up serving as money in places where they're rare. Glass beads wear money in West Africa where there was no glass making technology because they were imported from abroad and they were very hard to make. The people who store their wealth in the things that are hard to make end up maintaining their wealth over time.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode