Saifedean Ammous is an economist and the author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, which has been translated into 20 languages. In this episode, he discusses:
- the basic tenets of Austrian economics and why it is the only school where Bitcoin is possible
- historical examples of currencies and how they lost their monetary value
- the stock-to-flow model and how Bitcoin fits into that model
- the three functions, or descriptive properties, of money and why Bitcoin fulfills these functions
- the concept of sound money
- the idea of time preference in economics and why he believes it is so important
- the distinction between debt and money, and why they are not the same
- the significance of difficulty adjustment and why he believes it is the crowning achievement of Bitcoin
- why he views Bitcoin as the best store of value humanity has ever invented
the metrics he watches when assessing Bitcoin - what he thinks is in store for Bitcoin in the future, and whether he still thinks central banks will buy Bitcoin as a reserve currency
- his thoughts on Ethereum and other digital currencies
and his predictions for Bitcoin in the next year
THE BITCOIN STANDARD TOOLKIT/SPONSORS
NYDIG - https://nydig.com
Cyphersafe - https://cyphersafe.io/
OKCoin - https://okcoin.com/
Nodl - https://www.nodl.it/
Coldcard - https://coldcardwallet.com/
CoinBits App - https://coinbitsapp.com/
