259 TIP. What Bitcoin Solves with Dr. Saifedean Ammous

On today’s show, Preston and Stig talk to leading Bitcoin expert, Dr. Saifedean Ammous about how Bitcoin works and what problems it attempts to solve. Dr. Ammous is the author of the Bitcoin Standard.

IN THIS EPISODE, YOU’LL LEARN:
– Why a higher demand for Bitcoin indirectly makes the currency more secure and in turn a better store of wealth
– Why the adoption of a deflationary currency like Bitcoin will encourage people to think long term and invest more
– Why the clearance mechanisms of central banks will ensure the fiat currency system’s survival
– Why profitable bitcoin mining in the future won’t be using fossil fuels
– Why Altcoin can’t compete with Bitcoin regardless of any current or future technical properties

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DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

IN THIS EPISODE, YOU’LL LEARN:

Why and how a new government-controlled cryptocurrency might close down tax havens
Why history shows that governments might eventually accept Bitcoin
How to understand the features of the Lightning Network