Paul Saladino MD podcast18 Loka 2021

131. Bitcoin, the most important innovation of your lifetime? With Dr. Saifedean Ammous

Dr. Saifedean Ammous is the author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, the best-selling groundbreaking study of the economics of bitcoin. The book was a pioneer in explaining bitcoin’s value proposition as the hardest money ever discovered, and the only working alternative to national central banks for international payments. Dr. Ammous holds a PhD in Sustainable Development from Columbia University, where his doctoral thesis studied the economics of biofuels and alternative energy sources. He also holds an MSc in Development Management from the London School of Economics, and a Bachelor of Engineering from the American University of Beirut.

Time Stamps:

0:10:40 Podcast begins

0:11:37 What is "money" really?

0:18:00 What is the idea behind "hard money?"

0:20:55 Breaking down the terms inflation and deflation

0:30:46 The history of currency in the United States

0:42:55 Can the US treasury really print as much money as they want?

0:47:20 Inflation and why letting your money sit in a savings account might not be the smartest idea

0:58:30 What is Bitcoin in it's simplest terms?

1:01:15 What is the stock to flow ratio for Bitcoin and why is this important?

1:06:50 Whose to say Bitcoin will not be deemed illegal?

1:15:40 If a country were to ban cryptocurrency, they would be hurting themselves

1:18:55 Is Bitcoin polluting the planet?

1:35:35 Why are people spending so much time on 'mining' Bitcoin?

1:43:25 Where to find more of Dr. Saifedean Ammous

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