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The Bitcoin Standard Podcast
223. Live from Bitcoin Beach El Salvador
May 28, 2024
Cryptocurrency expert Saifedean discusses the evolution of money and Bitcoin's rise, surprises in writing The Bitcoin Standard, understanding Bitcoin's difficulty adjustment, strategic approach to Bitcoin cash balance, transitioning to a Bitcoin standard, and Bitcoin activities in El Salvador.
56:30
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Quick takeaways
- Building cash balance in Bitcoin promotes wise financial decisions and future-oriented thinking.
- Bitcoin's difficulty adjustment is fundamental, enabling infinite value retention and reinforcing its role as optimal money.
Deep dives
The Importance of Increasing Cash Balance in Bitcoin
Building a cash balance in Bitcoin enables wiser financial decisions and encourages more future-oriented thinking. As individuals accumulate more Bitcoin, their likelihood of spending in Bitcoin also increases, leading to a reduction in reliance on fiat currencies. Higher Bitcoin values prompt greater inclusion of Bitcoin in cash balances, fostering a transition towards a Bitcoin standard.
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highlights
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