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Could Bitcoin Replace the Dollar & Central Banks? Will It Be The New Gold Standard? Saifedean Ammous

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First published at 19:24 UTC on June 8th, 2021.

#bitcoin
#dollar
#gold

Jason Hartman

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Saifedean Ammous makes the case for why Bitcoin could replace national currencies that are controlled by central banks and become the new gold standard for money in the world.
0:00 Introducing Saifedean Ammous
4:58 Bitcoin was first liquid asset that is strictly scarce
6:39 Criticisms of Bitcoin
7:28 Bitcoin competes with central bank settlement layers (national currencies)
11:44 What if the government makes Bitcoin illegal
12:50 Misconception: Bitcoin can not be traced
19:08 The value proposition of Bitcoin
21:59 National currencies are digital too
22:32 What is time preference?
24:36 You make thousands of trades with your future self each day
28:32 Selling his chair (to buy Bitcoin?)
29:47 When money loses value over time it increases uncertainty about the future
30:56 Example of artists working on a masterpiece for years
36:28 Impact of the move from hard money to easy money
39:58 Saifedean’s website: https://saifedean.com/