What is Bitcoin? | A Bitcoin for Beginners Guide by Saifedean Ammous

Show Notes

In this video, Saifedean Ammous explains why Bitcoin is the best money humanity has ever created. Saifedean makes the case for money as a market phenomenon, and argues that bitcoin has the scarcity, divisibility, fungibility and transportability that humans have historically valued in monies. 0:00 The History of money 1:20 Gold evolves as money 2:40 Stock to flow of other commodities 5:30 The hardest money wins 6:35 Giving up the Gold Standard by introducing Fiat Money 7:50 Time Preference 8:19 Bitcoin is the best money Watch the full episode here: https://www.youtube.com/watch?v=rRolvwI1b3s Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here: https://saifedean.com/membership/