#328: The pitfalls of the Fiat Standard with Dr. Saifedean Ammous

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8 • 804 Ratings

🗓️ 3 May 2022

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Marty as he sits down with Dr. Saifedean Ammous to discuss the pitfalls of the Fiat Standard.

Follow Saif on Twitter

Transcript

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0:00.0	What is up freaks?
0:02.5	This is Jigsaw from...
0:07.0	Oh, what the fuck was that?
0:08.1	It's all.
0:10.1	You want to play a game.
0:15.3	That's all I got.
0:16.9	It's actually Marty Ben.
0:18.0	To introduce this rip of TFTC,
0:20.7	this rip was brought to you by good friends
0:21.9	at Unchained Capital. Unchain Capital is here. To bring you financial services. To bring you security.
0:28.8	To bring you education. To bring you a White Love concierge service. That'll take you from zero to having
0:33.6	a two or three multi-sig volts set up where you hold two keys and unchained holds one key
0:38.2	this is important you eliminate single points of failure if you have all your bitcoin on an exchange
0:42.9	that is a single point of failure bitcoin exchanges are known to get hacked they're knowing to be
0:48.3	targets of regulatory scrutiny one day you can wake up you can either not have your Bitcoin because the exchange lost it or not have access
0:57.5	to it.
0:57.9	Because somebody went to the exchange and said, don't give the freak access to his Bitcoin.
1:01.8	Just because we said so.
1:03.7	Unchain helps you eliminate that single party risk, okay?
1:06.1	By creating it to a three signature vault, a multi-sig vault, where you hold two keys again.
1:11.8	So you have full control of your Bitcoin as long as you have those two keys.
1:14.7	Not even Unchain can prevent you from moving those Bitcoin.
	...

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