TIP259: WHAT BITCOIN SOLVES
W/ DR. SAIFEDEAN AMMOUS
8 September 2019
On today’s show, we talk to leading Bitcoin expert, Dr. Saifedean Ammous about how Bitcoin works and what problems it attempts to solve. Dr. Ammous is the author of the Bitcoin Standard.
IN THIS EPISODE, YOU’LL LEARN:
- Why a higher demand for Bitcoin indirectly makes the currency more secure and in turn a better store of wealth
- Why the adoption of a deflationary currency like Bitcoin will encourage people to think long term and invest more
- Why the clearance mechanisms of central banks will ensure the fiat currency system’s survival
- Why profitable bitcoin mining in the future won’t be using fossil fuels
- Why Altcoin can’t compete with Bitcoin regardless of any current or future technical properties
TRANSCRIPT
Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
Intro 0:00
You’re listening to TIP.
You are listening to The Investor’s Podcast, where we study the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected.
Preston Pysh 0:27
Hey, everyone! Welcome to The Investor’s Podcast. I’m your host Preston Pysh. And as always, I’m accompanied by my co-host, Stig Brodersen. And man! Am I excited right now because we have Saifedean Ammous here with us, the author of “The Bitcoin Standard.” Saifedean, welcome to the show!
Saifedean Ammous 0:44
Thank you so much for having me. It’s a pleasure to be on here.
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