In this conversation, Thomas Hogan and Pascal Hügli discuss the role of central banks in the economy compared to Bitcoin, the concept of a Bitcoin standard, and the implications of base money in today's financial system. They emphasize the differences between Bitcoin and fiat currencies, particularly in terms of scarcity and monetary policy. The discussion also touches on the historical context of the gold standard and how it relates to the potential future of Bitcoin as a base money. Last but not least, Hogan also elaborates the potential for Bitcoin to serve as base money in a new financial system, and the challenges of building a credit system on top of Bitcoin. 

Chapters
01:23 Intro
01:24 Understanding the Bitcoin Standard
13:58 Base Money: Bitcoin vs. Fiat
21:08 The Gold Standard and Bitcoin's Future
30:43 The Genesis of Bitcoin: A Response to Government Control
33:04 Bitcoin as Base Money: The Future of Financial Systems
39:10 Building a Credit System on Bitcoin: Opportunities and Challenges
45:01 Risk Behavior in a Bitcoin Economy: A New Paradigm
51:53 Bitcoin's Current Economic Impact: A Work in Progress

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Twitter - https://x.com/HoganMonEcon

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Twitter - https://x.com/pahueg
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