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We Study Billionaires - The Investor’s Podcast Network

TIP259: What Bitcoin Solves - w/ Dr. Saifedean Ammous

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 7 September 2019

⏱️ 49 minutes

🧾️ Download transcript

Summary

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 Altcoins can’t compete with Bitcoin regardless of any current or future technical properties

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Transcript

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0:00.0

You're listening to TI-P.

0:30.0

This is a fantastic episode to glean some insights and perspectives that might challenge some of those thoughts.

0:35.5

So it brings us great pleasure to bring you our discussion with Dr. Safedin Amous.

0:43.5

You are listening to THE Investors Podcast.

0:46.5

Where we study the financial markets and read the books that influence self-made billionaires the most.

0:52.0

We keep you informed and prepared for the unexpected.

1:00.0

Hey everyone, welcome to THE Investors Podcast on your host Preston Pishin.

1:08.5

As always, I'm a company by my co-host, Stig Broderson.

1:11.5

And man, I'm excited right now because we have Safedin Amous here with us.

1:17.0

The author of the Bitcoin standard Safedin, welcome to the show.

1:22.0

Thank you so much for having me. That's a pleasure to be on.

1:25.0

I read your book, I loved your book, I've read quite a few crypto books.

1:29.5

And my expectation before I started reading your book was that I was going to probably get a lot of similar content.

1:37.5

Kind of the same general idea that I've captured from many other, I shouldn't say crypto, I should say Bitcoin books.

1:43.5

And I was blown away to be quite honest with you.

1:46.5

I was reading things in your book that really made me take a moment and just kind of pause.

1:53.5

Because I was listening to the audiobook, I was pausing the audiobook and I was just thinking.

1:58.0

And that doesn't happen too often because I go through so many different books, especially about finance.

2:03.5

And your book really had me thinking, and I am so excited to capture some of these ideas with our audience today.

2:09.5

So welcome to the show and let me go ahead and kick this off with the first question I got for you.

2:14.0

For people not familiar with Bitcoin, which is a majority of the population,

2:19.5

they think that this is some kind of big online fake money, Ponzi scheme, that all these crazy people are trading this fake digital money that's not backed by any kind of government.

...

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