The Gold Standard

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In the bidcoin standard, i present the argument that money is always whatever is the hardest thing to make. So for instance, in prison, people use cigarettes as money because nobody can make cigarettes in prison. In societies, we have the example of yap island, which doesn't have any limestone but has a lot of limestone. Glass beads were money in west africa where there was no glass making technology and they were very hard to make. Sea shells, rare sea shells that are not easy to find and u serving as money in places where they're rare. But what's more important is just a natural evolutionary process whereby people choose all kinds of random things as money - bananas maybe even

Saifedean Ammous is an Austrian economist and author of The Bitcoin Standard and The Fiat Standard. Please support this podcast by checking out our sponsors:
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The Blocksize War (book): https://amzn.to/3LORQ9o
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OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(07:53) – Money
(20:58) – Gold standard
(34:09) – Collective hallucination
(39:59) – Austrian vs Keynesian economics
(1:12:20) – Free market
(1:28:49) – Monarchy
(1:34:23) – Fiat money
(2:21:13) – SWIFT system
(2:34:03) – Bitcoin
(2:40:20) – Satoshi Nakamoto
(2:48:04) – Criticisms of Bitcoin
(3:03:16) – Football/soccer
(3:06:58) – Criticisms of Bitcoin continued
(3:17:17) – Bitcoin Maximalism
(3:29:40) – Proof of stake
(3:46:46) – Central bank digital currency
(3:57:59) – Michael Malice
(4:00:12) – Advice for young people
(4:06:21) – Palestine
(4:18:00) – Mortality