BTC057: How Fiat Works w/ Dr. Saifedean Ammous (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
00:00
Fiat vs. Bitcoin: A Comparative Analysis
This chapter compares the functioning of fiat monetary systems with Bitcoin's decentralized architecture. It introduces the concept of a 'fiat node' and discusses how fiat currency is created through debt, contrasting this with Bitcoin's mining process. The discussion further explores the implications of these systems on inflation, economic behavior, and the competitive dynamics between fiat and digital currencies.
Transcript
Play full episode
