Are You Scared of Mining Centralization?

Crypto Voices: Episode 45 Show support appreciated: 35iDYDYqRdN2x6KGcpdV2W1Hy3AjGje9oL Matthew & Fernando interview Saifedean Ammous, economics professor and author of the new book, The Bitcoin Standard. We discuss Saif's background and why he decided to write "the book we all wanted to have written" covering Bitcoin, banking, and economics. Saif explains the importance of Bitcoin's supply schedule and the difficulty adjustment; the anatomy of monetary demand versus monetary supply; the proper comparison of Bitcoin to the current international payment system (as opposed to purchasing coffee on-chain); and a Bitcoin standard. We discuss the competitive landscape of mining and centralization risks. Also, what does it really mean to say Bitcoin is a medium of exchange? Saif gives his view on Dr. Selgin and White's position on fiduciary media, and concludes on what it might actually look like if Bitcoin "fails" in the banking world. Links for more info: https://twitter.com/saifedean http://saifedean.com/ https://thesaifhouse.wordpress.com/ https://thesaifhouse.wordpress.com/book/ Hosts: Matthew Mežinskis, Fernando Ulrich Music: New Friend Music newfriendmusic.com/ Site: cryptovoices.com/ Podcast & Information Cryptoeconomics & Liberty Thanks for listening! Show content is not investment advice in any way.