203. The Immaculate Conception: Bitcoin vs Fiat Standard | Dr. Saifedean Ammous

203. The Immaculate Conception: Bitcoin vs Fiat Standard | Dr. Saifedean Ammous

This episode was recorded on September 8th 2021. Saifedean Ammous is an expert on Bitcoin with a PhD from Columbia University. He joins Dr. Peterson to discuss decentralization, different schools of economics, the Fiat vs. Bitcoin standards, and much more. Dr. Ammous is the author of The Bitcoin Standard, widely considered the essential book on the economics of Bitcoin. He also hosts a podcast of the same name. His new book, The Fiat Standard, should be out in November. _ Find Saifedean here: https://twitter.com/saifedean Saifedean’s online learning platform: http://saifedean.com (20% off by using the code “Peterson”) The Bitcoin Standard: http://saifedean.com/thebitcoinstandard The Fiat Standard: http://saifedean.com/thefiatstandard _________ [00:18] Intro [02:34] What are hard monetary assets? [06:13] The argument for bitcoin being the best hard money ever created [09:11] "Bitcoin only has users... no admins. There is nobody with a master key" - Saifedean Ammous [10:36] How the Bitcoin network functions using "consensus parameters" [15:49] "The way that Bitcoin came about seems... virtually impossible to believe" - Jordan Peterson [18:27] Other schools of economics (Austrian) vs. the most common today (Keynesian) [20:46] "So the Austrian school of economics... tilts you more towards an appreciation of non-centrally controlled, distributed networks, and emphasis on the individual actor" - JP [23:25] Paul Samuelson and communist economic expectations of centralized planning post-WW2 [25:27] Dr. Ammous' academic background [27:14] Climate change. The push towards central planning, implying certain people or groups know the exact consequences and solutions to future economic developments [29:41] "I've been struck by the problem of unintended consequences and the irreducible complexity of things. We can talk about the problem of climate change, but those words are incredibly deceiving" - JP [34:16] Highlighting the crucial role of the entrepreneur in Austrian economics [40:46] Saifedean reflects on the views held by the central bank, governments, and mainstream economists on money—as opposed to Bitcoin's structuring and the Austrian school of thought [41:43] "From the Austrian perspective, money is a product of the market and not the invention of the state. The state's meddling in money... is irrational and cannot succeed for the same reasons central planning does not succeed" - SA [45:50] Overview of Dr. Ammous' book The Fiat Standard [54:40] Current inflation in Western democracies. The devastating effect of hyperinflation on the average person [58:15] "Money is an incredible technology for lowering our time preference" - SA [58:59] "The 20th century was a global trainwreck of watching the money preference rise. Generation after generation... witnessed their money devalue" - SA [01:02:32] Why some efforts in energy production are misguided [01:06:39] The Fiat Standard [01:10:29] Why are we allowing people to mine bitcoin? [01:12:46] The genius that went into the production of the Bitcoin code [01:23:14] The crazy reality of decision-making at climate change panels [01:26:36] Fiat-based currency jobs and the Zoom warriors disconnected from the physical world [01:31:09] "A lot of the problems of the 20th century, in my opinion, have their roots in highly inflationary fiat currency" - SA [01:31:18] Covering some of the common objections against Bitcoin [01:39:45] "We are always going to find more reasons to print money" - SA [01:41:43] Ammous’ online learning platform [01:48:29] The growth of Saifedeen.com and the parameters attributed to its success [01:50:05] The possibility of decentralizing societal accreditation [01:50:21] "I've talked to seriously wise academics who know that there is almost zero financial knowledge in universities [today]... There is tremendous residual value, however, in the accreditation" - JP [01:56:18] Wrapping up #Crypto #FiatStandard #Bitcoin #JordanPeterson #Decentralization Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Adam and Eve: Self-Consciousness, Evil, and Death

Adam and Eve: Self-Consciousness, Evil, and Death

Lecture 4 in my Psychological Significance of the Biblical Stories lecture series I turned my attention in this lecture to the older of the two creation accounts in Genesis: the story of Adam and Eve. In its few short paragraphs, it covers: the emergence of human self-consciousness; mankind's attendant realization of vulnerability, mortality, and death; the origin of the capacity for willful evil, as the ability to exploit that newly-realized vulnerability. Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Juli 20172h 41min

God and the Hierarchy of Authority

God and the Hierarchy of Authority

Lecture 3 in my Psychological Significance of the Biblical Stories series at the Isabel Bader Theatre in Toronto. Although I thought I might get to Genesis II in this third lecture, and begin talking about Adam & Eve, it didn't turn out that way. There was more to be said about the idea of God as creator (with the Word as the process underlying the act of creation). I didn't mind, because it is very important to get God and the Creation of the Universe right before moving on :) . Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Ideology, Logos & Belief

Ideology, Logos & Belief

Two-part interview with Transliminal Media's Jordan Levine, April 2017, in Vancouver, Canada. Sequel to the hit 2015 interview 'Religion, Myth, Science, Truth': https://youtu.be/07Ys4tQPRis Please support Transliminal Media on Patreon** | https://www.patreon.com/transliminal Links Transliminal Media Patreon Transliminal Media YouTube Channel Self Authoring Programs Dr Peterson's Patreon Support Page Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Genesis - Chaos and Order

Genesis - Chaos and Order

Lecture 2 in my Psychological Significance of the Biblical Stories. In this lecture, I present Genesis 1, which presents the idea that a pre-existent cognitive structure (God the Father) uses the Logos, the Christian Word, the second Person of the Trinity, to generate habitable order out of precosmogonic chaos at the beginning of time. Learn more about your ad choices. Visit podcastchoices.com/adchoices

29 Maj 20172h 39min

Introduction to the Idea of God

Introduction to the Idea of God

Lecture 1 in my Psychological Significance of the Biblical Stories series from May 16th at Isabel Bader Theatre in Toronto. In this lecture, I describe what I consider to be the idea of God, which is at least partly the notion of sovereignty and power, divorced from any concrete sovereign or particular, individual person of power. I also suggest that God, as Father, is something akin to the spirit or pattern inherent in the human hierarchy of authority, which is based in turn on the dominance hierarchies Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Maj 20172h 46min

Dr Martin Daly

Dr Martin Daly

I'm speaking with Dr. Martin Daly, a professor at McMaster University in Hamilton, Ontario, a pioneer in the field of evolutionary psychology, and author of Killing the Competition . Dr. Daly has determined that economic inequality and male on male homicide rates are strongly linked, and makes a causal argument for why this is the case, attributing it to status competition under stressful conditions. Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Maj 20172h 6min

An Incendiary Discussion

An Incendiary Discussion

A few weeks ago, Dr. Oren Amitay, who has been defending me in online discussions hosted by the Ontario Psychological Association, invited me to address his psychology class (to which other students were invited). We discussed freedom of speech, ideological possession, unconscious bias and the Implicit Association test, and other issues germane to psychology and the modern world. Apologies for the audio quality, it was cleaned up as best we could, it gets better throughout. Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Maj 20171h 56min

How To Change The World

How To Change The World

A Message to Millenials: How to Change the World -- Properly. Young people want, rightly, to change the world. But how might this be properly done? Dr Jonathan Haidt recently contrasted Truth University with Social Justice University. Social Justice U has as its advantage the call to social transformation. In this video, I outline why Truth is the proper route to societal improvement -- and why that starts with the individual. Learn more about your ad choices. Visit podcastchoices.com/adchoices

20 Apr 201756min

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