Saifedean Ammous on Why Bitcoin is the Most Advanced Form of Money

<p>Saifedean Ammous is an economist and the author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, which has been translated into 20 languages. In this episode, he discusses:</p> <ul> <li>the basic tenets of Austrian economics and why it is the only school where Bitcoin is possible</li> <li>historical examples of currencies and how they lost their monetary value</li> <li>the stock-to-flow model and how Bitcoin fits into that model</li> <li>the three functions, or descriptive properties, of money and why Bitcoin fulfills these functions</li> <li>the concept of sound money</li> <li>the idea of time preference in economics and why he believes it is so important</li> <li>the distinction between debt and money, and why they are not the same</li> <li>the significance of difficulty adjustment and why he believes it is the crowning achievement of Bitcoin</li> <li>why he views Bitcoin as the best store of value humanity has ever invented<br />the metrics he watches when assessing Bitcoin</li> <li>what he thinks is in store for Bitcoin in the future, and whether he still thinks central banks will buy Bitcoin as a reserve currency</li> <li>his thoughts on Ethereum and other digital currencies<br />and his predictions for Bitcoin in the next year</li> </ul>