Andreas M. Antonopoulos, speaker, educator, and the author of Mastering Bitcoin, Mastering Ethereum, and The Internet of Money, Volumes 1, 2, and 3, and Dan Held,  growth lead at Kraken Digital Asset Exchange, discuss the core features of Bitcoin's monetary policy, including how it differs from traditional central bank monetary policy, what gives it value and yet how it seems to have derived value from thin air. Plus, we talk about how the coronavirus pandemic will affect Bitcoin. In this episode, we cover: how monetary policy in general is defined the core feature of Bitcoin’s monetary policy, and how it differs from previous forms of money the similarities and differences between Bitcoin and gold why the hard cap on Bitcoin is unique and so important the difficulties in analyzing and classifying Bitcoin whether or not transaction fees alone can sustain the network once all 21 million Bitcoin have been minted if Bitcoin will be able to fulfill its original vision of democratizing finance and serving as an everyday medium of exchange why they think Bitcoin has recently been more correlated with the stock market their thoughts on the stock to flow model and whether it works for Bitcoin how they think the coronavirus, unprecedented quantitative easing, and increasing inflation will impact Bitcoin’s adoption and price how crypto banks that don’t conduct fractional reserve banking or lending might change the economy   Thank you to our sponsors!  Crypto.com: http://crypto.com Gods Unchained: https://playgu.co/unchainedpod   Episode links:  Andreas Antonopoulos: https://aantonop.com On Twitter: https://twitter.com/aantonop YouTube: https://www.youtube.com/c/aantonop/ Dan Held: https://www.danheld.com On Twitter: https://twitter.com/danheld   Dan Held on Bitcoin's monetary policy: https://medium.com/the-bitcoin-times/information-theory-of-money-36247aebdfe1   Dan Held on Bitcoin's security model: https://www.danheld.com/blog/2019/6/16/bitcoins-security-is-fine   Unchained interview with Saifedeam Ammous: https://unchainedpodcast.com/why-bitcoin-now-saifedean-ammous-on-why-bitcoin-is-the-most-advanced-form-of-money/   Mises’ Regression Theorem: https://mises.org/library/bitcoin-regression-theorem-and-emergence-new-medium-exchange   Stock to flow model: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25   https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12   Why the stock-to-flow model is wrong: https://www.coindesk.com/why-the-stock-to-flow-bitcoin-valuation-model-is-wrong   Federal Reserve announcement about letting inflation run higher than normal to achieve a 2% target rate of inflation: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200827a.htm Kraken launching the first crypto bank: https://unchainedpodcast.com/the-first-crypto-bank-what-kraken-financial-will-do-and-how/ Learn more about your ad choices. Visit megaphone.fm/adchoices