The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. The book takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems to modern government debt. It explains the operation of Bitcoin as a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, allowing users to perform traditional monetary functions without relying on authorities or physical infrastructure. The book also explores common questions surrounding Bitcoin and its potential as a store of value and a network for final settlement of large payments, challenging government monopolies and offering a vision of money extricated from politics and borders.
This book goes beyond the technical aspects of Bitcoin by exploring its significance and potential impact on society, politics, and economics. Andreas M. Antonopoulos examines the 'why' of Bitcoin through a series of essays, highlighting how this technology is transforming finance and beyond. The book discusses Bitcoin's role in bringing financial independence, its implications on decentralized technology, and its impact on solving social, political, and economic problems.
Rajat Soni is a CFA with 10+ years of experience. As a personal finance educator and content creator, he simplifies complicated concepts with weekly insights on personal finance, investing, stocks, and Bitcoin with his audience of 250K+ followers across Instagram, X, Substack, and Linkedin.
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🕑 TIMESTAMPS
00:00 - Introduction to Bitcoin and Wealth Building
01:24 - Traditional Wealth Building Methods
04:41 - The Flaws of Fiat Money
09:07 - The Legacy Financial System's Design
13:32 - Bitcoin as a Superior Savings Technology
17:49 - Counterparty Risk and Ownership
26:00 - Unique Characteristics of Bitcoin
28:16 - Understanding Bitcoin's True Ownership
29:22 - The Trade-offs of Bitcoin vs. Fiat
33:04 - Why Everything Trends to Zero Against Bitcoin
41:59 - The Illusion of Wealth in the Fiat System
50:16 - Bitcoin Allocation Strategies
ℹ️ EPISODE SUMMARY
Bram Kanstein and Rajat Soni explore the transformative potential of Bitcoin in wealth building, contrasting it with traditional financial systems. They discuss the flaws of fiat money, the importance of understanding counterparty risk, and how Bitcoin offers a unique opportunity for true ownership and wealth preservation. The dialogue emphasizes the need for personal responsibility in managing wealth and the implications of inflation on purchasing power, ultimately advocating for Bitcoin as a superior savings technology.
Bitcoin for Millennials 
