The Bitcoin Standard Podcast

In today’s seminar Saifedean talks to regular attendees about whether increasing a nation’s exports should be seen as a desirable policy goal, and why countries that devalue their currencies don’t necessarily export more.The discussion focusses on the post-war experience of Germany and Switzerland and how these countries grew prosperous through maintenance of a strong currency.Books referenced during the discussion include:Gold Wars: The Battle Against Sound Money as Seen From a Swiss Perspective by Ferdinand Lips: https://amzn.to/33AkfveFor a discussion of Ludwig Erhard’s market reforms see: The Commanding Heights: The Battle for the World Economy by Daniel Yergin and Joseph Stanislaw: https://amzn.to/3f7Rlbl Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.THE BITCOIN STANDARD TOOLKIT/SPONSORSNYDIG - https://nydig.comCyphersafe - https://cyphersafe.io/ OKCoin - https://okcoin.com/Nodl - https://www.nodl.it/Coldcard - https://coldcardwallet.com/CoinBits App - https://coinbitsapp.com/

In this podcast Saifedean and Lyn discuss Bitcoin and trends taking place in the macroeconomy. Lyn starts by giving her view on the investment case for Bitcoin, PlanB’s Stock to Flow model, and whether Bitcoin can be characterized as a Ponzi scheme. They then move on to discuss global macroeconomic conditions and why Bitcoin represents a more attractive investment in a world where fiat currency supply expansion is accelerating. They touch on long-term debt cycles, 1970s stagflation, CBDCs and whether we should expect high inflation during the 2020s.Articles by Lyn that were referenced in the conversation include:3 Reasons I’m Investing in Bitcoin: https://bit.ly/3xO6uqSBitcoin: Addressing the Ponzi Scheme Characterization: https://bit.ly/3f25FC6A Century of Fiscal and Monetary Policy: Inflation vs Deflation: https://bit.ly/3b71dRnBitcoin: Fee-Based Security Modeling: https://bit.ly/2QRpdkUSee PlanB’s website for information on the Stock to Flow model: https://100trillionusd.github.io/ Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.THE BITCOIN STANDARD TOOLKIT/SPONSORSNYDIG - https://nydig.comCyphersafe - https://cyphersafe.io/ OKCoin - https://okcoin.com/Nodl - https://www.nodl.it/Coldcard - https://coldcardwallet.com/CoinBits App - https://coinbitsapp.com/

Described by Jordan Peterson as "frighteningly smart", Allen Farrington is a member of saifedean.com who has written some excellent essays on bitcoin, and also spent an enormous amount of time studying the work of various fiat intellectuals, so you don't have to. He joins us for a deep dive into why fiat intellectuals have such a hard time understanding bitcoin, why it triggers them so much, and whether there is anything important or profound in the ramblings of angry fiaters like George Selgin, Eric Weinstein, and Nassim Taleb. The discussion makes reference to the following articles by Allen:Bitcoin is Venice: https://bit.ly/3uihiLJWittgenstein’s Money: https://bit.ly/3eeXvaqThere was Never Real Tulip Fever: https://bit.ly/3gY0u8Q   Money, Blockchains and Social Scalability: https://bit.ly/3eO1pX1The Capital Strip Mine: https://bit.ly/3t8cI1eOther books and articles referenced in the discussion include:Enders Game by Parker Lewis: https://bit.ly/3edxAQlPrinciples of Economics by Carl MengerThe Theory of Money and Credit by Ludwig von MisesThe Ultimate Resource by Julian SimonThe Mystery of Capital by Hernando de SotoComplexity and the Economy by Brian ArthurCompetition and Entrepreneurship by Israel KirznerThe Dao of Capital by Mark Spitznagel Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.THE BITCOIN STANDARD TOOLKIT/SPONSORSNYDIG - https://nydig.comCyphersafe - https://cyphersafe.io/ OKCoin - https://okcoin.com/Nodl - https://www.nodl.it/Coldcard - https://coldcardwallet.com/CoinBits App - https://coinbitsapp.com/

Saifedean and seminar regular Peter Young discuss what price indeces such as CPI tell us about inflation. They discuss whether ageing demographics lead to inflation or deflation, whether inflation measurements are even theoretically possible, and the historical failure of central bank attempts to manage the economy based on price index data. Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.THE BITCOIN STANDARD TOOLKIT/SPONSORSNYDIG - https://nydig.comCyphersafe - https://cyphersafe.io/ OKCoin - https://okcoin.com/Nodl - https://www.nodl.it/Coldcard - https://coldcardwallet.com/CoinBits App - https://coinbitsapp.com/

Experienced high-yield credit trader Greg Foss joins Saifedean Ammous for a discussion on why bond investors should own Bitcoin. They talk about why Bitcoin represents insurance against sovereign debt defaults, how Greg’s values Bitcoin using data from the Credit Default Swap markets, and why those same markets suggest that Canada’s official credit rating is too high.Greg makes reference to:This table showing the implied default risk of different countries based on CDC markets: http://www.worldgovernmentbonds.com/sovereign-cds/The website that first allowed Greg to appreciate the beauty of Bitcoin from an engineering perspective: www.tradeblock.comA research paper in which Greg outlines the full case for bond investors holding Bitcoin, including a description of his Bitcoin valuation model: https://rockstarinnercircle.com/wp-content/uploads/2021/03/Why-Every-Fixed-Income-Investor-Needs-To-Consider-Bitcoin-As-Portfolio-Insurance.pdf Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.THE BITCOIN STANDARD TOOLKIT/SPONSORSNYDIG - https://nydig.comCyphersafe - https://cyphersafe.io/ OKCoin - https://okcoin.com/Nodl - https://www.nodl.it/Coldcard - https://coldcardwallet.com/CoinBits App - https://coinbitsapp.com/

We compare the precautionary principle approach of obsessing over avoiding one negative outcome to the economic way of thinking, which entails examining the seen and unseen consequences of each action, and is a much more sane, safe, and intelligent way of approaching complex issues. We examine two contemporary episodes of global mass hysteria to see how dangerously reckless and counterproductive using the precautionary principle is. Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.THE BITCOIN STANDARD TOOLKIT/SPONSORSNYDIG - https://nydig.comCyphersafe - https://cyphersafe.io/ OKCoin - https://okcoin.com/Nodl - https://www.nodl.it/Coldcard - https://coldcardwallet.com/CoinBits App - https://coinbitsapp.com/

We discuss the economics of electric cars, and what the heavy subsidies they receive tell us about their future potential. Will they save earth from CO2 emissions? Is eliminating emissions possible? Is it even desirable? Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.THE BITCOIN STANDARD TOOLKIT/SPONSORSNYDIG - https://nydig.comCyphersafe - https://cyphersafe.io/ OKCoin - https://okcoin.com/Nodl - https://www.nodl.it/Coldcard - https://coldcardwallet.com/CoinBits App - https://coinbitsapp.com/

In this seminar, we apply the economic way of thinking to figure out the opportunity cost of a century of fiat money. How would the world look like if it had hard money over the past century? What would be the impacts on capital accumulation, international trade, poverty alleviation? Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.THE BITCOIN STANDARD TOOLKIT/SPONSORSNYDIG - https://nydig.comCyphersafe - https://cyphersafe.io/ OKCoin - https://okcoin.com/Nodl - https://www.nodl.it/Coldcard - https://coldcardwallet.com/CoinBits App - https://coinbitsapp.com/

In this episode we discuss the link between fiat money and fiat food, based on the latest chapter from The Fiat Standard, available to subscribers on saifedean.com. We discuss: fiat's encouragement of high time preference thinking causing soil depletion and bad food choices; why fiat governments heavily subsidize fiat foods to make inflation look better; and how a hard monetary standard incentivizes eating real food and regenerating soil. Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here. Visit saifedean.com/meat to find out more about Saifedean’s experience following the carnivore diet. 

I joined Tom Woods to discuss current trends in Bitcoin, whether it’s in a “bubble,” what its advantages are, what the future may hold, and why all of this should matter to libertarians. THE BITCOIN STANDARD TOOLKITThe Bitcoin Standard Toolkit is a selection of the Bitcoin services I recommend to readers and learners on saifedean.com, as they upgrade from The Fiat Standard to The Bitcoin Standard.NYDIG  NYDIG is a leading full-service financial services firm dedicated to Bitcoin, applying institutional wisdom and ingenuity to help clients access the unrealized potential of this emerging asset class. NYDIG offers the full suite of financial solutions needed for financial institutions to access Bitcoin, from custody, execution, financing, treasury solutions, integration partnerships, and more.Check their website here: https://nydig.com/==================Cyphersafe To secure your bitcoins, it is important to keep your seedphrase backed up safely, and for that, I highly recommend using the CypherWheel seed storage device, a gorgeous and brilliant sturdy piece of low time preference engineering from a fourth-generation machine shop in Maine.Check their website here: https://cyphersafe.io/==================OKCoinWhenever someone asks me how to invest in Bitcoin, my advice is to accumulate bitcoins periodically for the long run, or dollar-cost averaging. When you buy every day, week, or month, you play bitcoin’s volatility to your advantage. In the long run, this strategy will outperform every other bitcoin investment strategy, except for dumb luck, and lying about timing the market. For dollar-cost averaging, I strongly recommend OKCoin, the exchange with the lowest fees for recurring purchases worldwide. OKCoin is also the bitcoin exchange accessible in the most countries around the world.Check their website here: https://okcoin.com/==================NodlI believe it is really important to run a node, but I don’t recommend running it on your work or personal computer, as it can compromise the performance of your computer and, more importantly, the security and privacy of your bitcoin node. A far better solution is to buy a dedicated hardware node, and for that, I highly recommend Nodl.Check their website here: https://www.nodl.it/==================ColdcardMy hardware wallet of choice is the Coldcard. I strongly recommend only conducing bitcoin trades on computers tha