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: <ul> <li style="font-weight: 400;">the basic tenets of Austrian economics and why it is the only school where Bitcoin is possible</li> <li style="font-weight: 400;">historical examples of currencies and how they lost their monetary value</li> <li style="font-weight: 400;">the stock-to-flow model and how Bitcoin fits into that model</li> <li style="font-weight: 400;">the three functions, or descriptive properties, of money and why Bitcoin fulfills these functions</li> <li style="font-weight: 400;">the concept of sound money</li> <li style="font-weight: 400;">the idea of time preference in economics and why he believes it is so important</li> <li style="font-weight: 400;">the distinction between debt and money, and why they are not the same</li> <li style="font-weight: 400;">the significance of difficulty adjustment and why he believes it is the crowning achievement of Bitcoin</li> <li style="font-weight: 400;">why he views Bitcoin as the best store of value humanity has ever invented</li> <li style="font-weight: 400;">the metrics he watches when assessing Bitcoin</li> <li style="font-weight: 400;">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 style="font-weight: 400;">his thoughts on Ethereum and other digital currencies</li> <li style="font-weight: 400;">and his predictions for Bitcoin in the next year</li> </ul>   Thank you to our sponsor!  Crypto.com: <a href= "https://crypto.com/">https://crypto.com/</a>   Episode links:  Saifedean Ammous: <a href="https://twitter.com/saifedean">https://twitter.com/saifedean</a> Saifedean’s website: <a href="https://saifedean.com/">https://saifedean.com</a>   The Bitcoin Standard: <a href="https://saifedean.com/book/">https://saifedean.com/book/</a>   Invest Like the Best episode with Saifedean: <a href= "http://investorfieldguide.com/ammous/">http://investorfieldguide.com/ammous/</a>   What Bitcoin Did episode with Saifedean: <a href= "https://www.whatbitcoindid.com/podcast/saifedean-ammous-on-understanding-bitcoin-economics"> https://www.whatbitcoindid.com/podcast/saifedean-ammous-on-understanding-bitcoin-economics</a>   Plan B’s stock-to-flow model applied to Bitcoin: <a href= "https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25"> https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25</a> <a href= "https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12"> https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12</a> Essay on why the stock-to-flow model is wrong: <a href= "https://www.coindesk.com/why-the-stock-to-flow-bitcoin-valuation-model-is-wrong"> https://www.coindesk.com/why-the-stock-to-flow-bitcoin-valuation-model-is-wrong</a>

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Why Bitcoin Now: Saifedean Ammous on Why Bitcoin is the Most Advanced Form of Money - Ep.187

Laura Shin