Language. 1/2) Kitco.com; Kitco Silver; Base Metals; About us; Contact us; Buy/Sell Gold & Silver Bullion Coins and Bars ; Home; Market Analysis ; Weekly Top 3 ; Quotable Quotes ; PDAC 2021 ; SF Online Session 8 ; Mines and Money March, 2021 ; BMO Conference 2021 ; SF Online Session 7 ; SF Online Session 6 . The focus is on Bitcoin's role as a global currency, and the possibility of creating a currency board based on cryptocurrencies. The oportunity cost of fiat. Steve Hanke, professor of applied economics at Johns Hopkins University, Hong Fang, CEO of OKCoin, and Saifedean Ammous, author of ‘The Bitcoin Standard’, debate Bitcoin’s utility, history, and its “fundamental value.” In other words, Bitcoin automates the functions of a modern central bank and makes them predictable and virtually immutable by programming them into code decentralized among thousands of network members, none of whom can alter the code without the consent of the rest.”, “Democracy thus becomes a mass delusion of people attempting to override the rules of economics by voting themselves a free lunch and being manipulated into violent tantrums against scapegoats whenever the bill for the free lunch arrives via inflation and economic recessions.”, “In its infancy, Bitcoin already appears to satisfy all the requirements of Menger, Mises, and Hayek: it is a highly salable free‐market option that is resistant to government meddling.”, “One of the most mendacious fantasies that pervades Keynesian economic thought is the idea that the national debt “does not matter, since we owe it to ourselves.” Only a high‐time‐preference disciple of Keynes could fail to understand that this “ourselves” is not one homogeneous blob but is differentiated into several generations—namely, the current ones which consume recklessly at the expense of future ones.”, “Em 2003, quando os Estados Unidos invadiram o Iraque, o bombardeio aéreo destruiu o banco central do Iraque e, com ele, a capacidade do governo iraquiano de imprimir novos dinares iraquianos. 48. Error rating book. 10 min. Mark Valek discusses with Saifedean Ammous, host of the "Bitcoin Standard Podcast," the question of whether precious metals, but especially gold, are being demonetized by cryptocurrencies like Bitcoin. Learn about the economics of Bitcoin from Dr. Saifedean Ammous in-person, in a d ay-long course of four lectures, a ribeye steak lunch, and your own personally dedicated & signed copy of The Bitcoin Standard! On the ethos behind Bitcoin’s fixed supply: By placing a hard cap on the total supply of bitcoins, Nakamoto was clearly unpersuaded by the arguments of the standard macroeconomics textbook and more influenced by the Austrian school, which argues that the quantity of money itself is irrelevant. I agree with you entirely. Ammous’s research interests include energy and environmental … I think that the point about food is actually a profound one. Saifedean Ammous. By Saifedean Ammous. He holds a PhD in Sustainable Development from Columbia University (2011). Saifedean Ammous, the author of The Bitcoin Standard, is also the founder and CEO of saifedean.com. Reading Ammous one can imagine why Bitcoin succeeding my be the biggest leap civilization has ever taken in the democratization of money. Business & Education (1) Close. 10:04 Stephen: More classical, but I do have to say I am becoming less and less of renaissance art. GBP. This gives us, the crowd, an insurance policy against an Orwellian future.” Isso levou o dinar a se valorizar drasticamente da noite para o dia, quando os iraquianos ficaram mais confiantes na moeda, uma vez que nenhum banco central conseguiu imprimi-lo52. Saifedean’s main points. Recent. saifedean.com. Because if your precaution starts meaning that, hey, you need to start getting poor immediately. Welcome back. Filter. Just a moment while we sign you in to your Goodreads account. Here are 133 important quotes from this must read book: 1. Price. At the outset, it is important to note that Saifedean in no way disputes gold’s historical role and that it legitimately Saving and investing for the long run are the key to capital accumulation and the advance of human civilization.”, “a money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing all its hard‐earned wealth for sale in exchange for something easy to produce.”, “It is the author's opinion that the history of China and India, and their failure to catch up to the West during the twentieth century, is inextricably linked to this massive destruction of wealth and capital brought about by the demonetization of the monetary metal these countries utilized.”, “the world of sound money pre‐1914 was the world of zero to one, whereas the post‐1914 world of government‐produced money is the world of moving from one to many.”, “Se você sair deste livro pensando que a moeda bitcoin é algo que vale a pena possuir, seu primeiro investimento não deve ser na compra de bitcoins, mas no tempo gasto para entender como comprar, armazenar e possuir bitcoins de forma segura. Just a moment while we sign you in to your Goodreads account. Let us know what’s wrong with this preview of, The Bitcoin Standard: The Decentralized Alternative to Central Banking, O Padrão Bitcoin (Edição Brasileira): A Alternativa Descentralizada ao Banco Central. This one-day course will discuss the concept and metric of stock-to-flow in-depth. 4490. 10:14 Saifedean Ammous: You see your friend, Jim and they’re doing … Let us know what’s wrong with this preview of, “its mere existence is an insurance policy that will remind governments that the last object the establishment could control, namely, the currency, is no longer their monopoly. Peter Young is the moderator of the debate. On modern banking: Saifedean's The Bitcoin Standard Podcast is the place to discuss Bitcoin and economics from the Austrian school's perspective. Read now Listen now. View products (2) Sort by Sort Popular Popular; Rating; Price; Newest; Save 29%. Saifedean Ammous is the author of The Bitcoin Standard, and two forthcoming books: Principles of Economics & The Fiat Standard. In De Bitcoin Standaard neemt econoom Saifedean Ammous de lezer mee op een fascinerende reis door de boeiende geschiedenis van de technologie achter geld. If an action has no victims, it is no crime, regardless of what some self-important voters or bureaucrats would like to believe about their prerogative to legislate morality for others.”, “It is the third element, salability across time, which is the most crucial.”, We’d love your help. Format. Saifedean Ammous, Steve Hanke, and Hong Fang (Pt. ePub (1) Hardback (1) Close. In other words, Bitcoin automates the functions of a modern central bank and makes them predictable and virtually immutable by programming them into code decentralized among thousands of network members, none of whom can alter the code without the consent of the rest.

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