2 years ago

Saifedean Ammous makes the case for why Bitcoin could replace national currencies that are controlled by central banks and become the new gold standard for money in the world.
0:00 Introducing Saifedean Ammous
4:58 Bitcoin was first liquid asset that is strictly scarce
6:39 Criticisms of Bitcoin
7:28 Bitcoin competes with central bank settlement layers (national currencies)
11:44 What if the government makes Bitcoin illegal
12:50 Misconception: Bitcoin can not be traced
19:08 The value proposition of Bitcoin
21:59 National currencies are digital too
22:32 What is time preference?
24:36 You make thousands of trades with your future self each day
28:32 Selling his chair (to buy Bitcoin?)
29:47 When money loses value over time it increases uncertainty about the future
30:56 Example of artists working on a masterpiece for years
36:28 Impact of the move from hard money to easy money
39:58 Saifedean’s website: https://saifedean.com/