The Economics of Bitcoin with Lyn Alden, Preston Pysh, Allen Farrington, Max Hillebrand

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“Bitcoin is how life should always have been, the cheatcode is fiat money printing…if you print money you get wealthier while other the others who use the money get poorer; but with Bitcoin nobody can print money anymore, and that means the cheatcode is finally gone, and what feels like a cheatcode right now is actually just human life.”
— Max Hillebrand

Lyn Alden is a macroeconomist, Preston Pysh is a founder of The Investor Podcast Network, Allen Farrington is the author of Bitcoin Is Venice & Max Hillebrand is an economist & entrepreneur. In this interview, they discuss Bitcoin vs fiat, inflation and why Bitcoin is the best money.

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TIMESTAMPS:
00:00:00 Fiat cheatcode; Bitcoin’s money use case
00:09:57 GDP, distortion, capital, & time preference
00:20:34 Hurdle rate, inflation, & investment
00:26:03 Incentives, scarcity, & malinvestment
00:33:05 Debt & saving; Bitcoin & governments; further reading

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