Saifdean Ammous is a leading researcher and educator in the field of Bitcoin. Dr. Ammous is also the author of the best-selling The Bitcoin Standard: The Decentralized Alternative to Central Banking.
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Stand-up comedians Konstantin Kisin (@konstantinkisin) and Francis Foster (@francisjfoster) make sense of politics, economics, free speech, AI, drug policy and WW3 with the help of presidential advisors, renowned economists, award-winning journalists, controversial writers, leading scientists and notorious comedians.
02:06 What Is Money?
09:16 Why Silver and Gold Became Money?
12:00 The Gold Standard Explained
17:28 Why the Gold Standard Changed to Fiat Money
24:35 Why Current Inflation Is Happening
27:30 Is a Return to the Gold Standard Possible?
31:07 What Is Bitcoin?
33:45 Why Bitcoin Is Resilient to Government Interference
40:21 Bitcoin Volatility
45:19 How Does Bitcoin Value Compare to Property?
47:19 Bitcoin vs All Other Cryptocurrencies
51:48 Economic Future of the World – More Money Printing
57:51 Why People Should Eat More Meat
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Excellent interview. And another one who has switched to the Jordan Peterson 100% meat diet.
options, derivatives, and leaving the gold standard have fucked us all. or probably our kids/grandkids generation more likely. i can't see how humanity gets through the next 1-300 years without obscene amounts of death/famine/crime/horror
He avoided the answer to the question. Unless there is an exchange of a good or service then it counts for nothing. Such a dumb statement to say if you are not in bitcoin enjoy being poor from a smug prick who entered the ponzi scheme early. Buy land and property is a much safer idea over the long term.
16:50 for anyone curious, if you started with a value of 1 in 1960, by the time you got to 2020 you'd be at 4383 at 15% per year. 0_0
Utter garbage… All the smart money is buying up land and property because it is a finite resource and it is tangible.
OLE Fuck, even on the food is on the conspiracy theory ? Jesus guys, I like watching you but Jesus are you too into those conspiracy theory ????
Maybe you should plan a trip to the end of the world to see the big ice wall…
I’ve read various books on economics. They all focus on abstract mathematical ideas, which usually confuse me. This guy sums it up so well for a layman like me. “Gold is good money, because it is hard”. My only concern is the speaker seems very keen to promote bitscoin as the second coming of financial revolution, without thoroughly explaining why other digital alternatives are just mingy slag coin. Pukka video as always gents
Fiat money is given a degree of stability in value by the millions – probably billions – of memories in its users that associate particular prices with particular goods. Yes, we have to cope with inflation, but as long as it is slow we have a sense of what things should cost. This allows us to recognize a good deal when we see it without checking everywhere else before purchasing. Some research (forget whose now) shows that our sense of what things should cost is heavily influenced by the price we first experienced for a particular type of good. (That must update over time.) This gives a sense of the metaphorical inertia created by our knowledge.
It's very difficult to think of anything that could be used as a basis for a genuinely stable currency. Gold is not particularly useful as a metal so again it suffers from the tendency to value it for psychological reasons. My best suggestion, but still far from perfect, is to use a kilowatt hour of energy (electric) as a standard, unvarying unit of value.
I was an avid follower of Peter Schiff (I believe several people have recommended him as a possible interviewee for this show), and I anticipated the interviewee here mentioning the "Austrian school", as well as Ron Paul as a contender for getting rid of Fiat currency (and/or doing away with the Fed)… I'm no economist but from what I've read of Peter and others, they certainly present a very sound argument, explaining that the current state of affairs is anything but pure capitalism. That, and the bailing out of banks which were deemed "to big to fail" simply removed all risk for said banks which simply led to completely irrational and unsound investment decisions.
I can buy gold & silver coins by calling a broker/seller/buyer or visiting a local coin-shop.
I want to buy 1 bitcoin. How do I do it?
I want to sell 1 bitcoin. How do I do it and what do I get for it?
Bitcoin is great, if you are one of the 1000 'whale' investors who hold 40% of all bitcoins.
What is the difference, the spread, between the bid and the ask price for cryptocurrencies?
Couldn't an EMP attack completely obliterate bitcoin and all other cryptos?
Really, Bitcoin will end all wars? But, will it make me a sandwich?
If we don't know who invented bitcoin how do we know it was one person and not a group of people?
Good guest, but you can't eat gold or cryto. They only store value if someone with farm land wants to give you food for them. Any investment depends greatly on what is going on around you. Food is greatly undervalued currently, but we are one super volcano eruption away from food being the only "money" worth anything.
This guy conveniently ignores the fact that an appreciating currency does not work. People hold on to it and don't use it. He also ignores the fact that the network can't handle the number of transaction needed for the switch and that's not even mentioning the massive transaction costs.
so is he a billionaire yet?
<Well we broke 42, who knows. I do think in the end Savvy is going to be right as i also expect the US markets to come down. The markets couldn't handle a 2% rate in 2018 i don't know what makes anyone think it can now sustain 2%. The FED knows this too but they need to be able to lower rates when it all goes to hell. Im not going to buy now, ill wait it out. Im not gonna FOMO in and then be pissed i missed an opportunity to buy at a lower price. Even if it pumps way back up to the 70K area it will drop again and find support in the 40s at the very least. I've learned from you and other Youtubrs especially Delvin Musk, who taught me how to make trade and increase my crypto from 5 to 17 btc that no one really knows what is going to happen and I know you are only saying what you think will happen based on the past. It is yours and my opinion so people should make their own investment choices based on their own research,.
A couple of 12 year olds claiming to be 15. Fair enough, didn't we all.
I'm sure I'll be trolled into watching by that catchy title (it's TRIGGERnometry after all…) but… See the price a restrictions on buying high end gpu graphics cards lately? Ah… Crypto. The warehouses of computers, the epic power consumption, the built-in issues of block chain relating to these within bitcoin itself – of all candidate crypto, bitcoin is very much not the future!
To think I jokingly called myself a used GUID salesman in the mid early naughties. Now it's not only done for real but the usual suspects are keen to "centralise" crypto (read: control it). It won't be bitcoin if anything wins out – not without heavy modification. And where I come from they raid the residences of people even suspected to have been developing it. (For "other" reasons, of course).
When’s Mingecoin being released?