BROADCASTS.com

b'My guest this week is Saifedean Ammous, author of the book the Bitcoin Standard. This was one of the more interesting conversations I\\u2019ve had in the world of cryptocurrency, primarily because we don\\u2019t talk about Bitcoin or Crypto until 25 minutes into the talk. Instead, we focus on history, economics, sound money, low time preference, and gold\\u2014all interesting topics.\\n Saif\\u2019s thinking on cryptocurrencies other than bitcoin\\u2014which is that they are worthless\\u2014is unique and thought provoking. His reasoning around why gold shouldn\\u2019t be compared to the returns generated by assets like equities was also compelling. If you\\u2019ve followed my Hash Power episodes, this is a new a differentiated interpretation of Bitcoin as a technology for the store of value use case. Please enjoy our conversation.\\n Hash Power is presented by Fidelity Investments\\n \\xa0\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Show Notes\\n 2:10 - (First Question) \\u2013 Explain Sound Money\\n 4:25 \\u2013 Examples of hard vs easy money\\n 7:36 \\u2013 the even money trap\\n 9:36 \\u2013 The benefits of hard money vs today\\u2019s standards\\n 14:05 \\u2013 Why this interests him\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 14:16 \\u2013 Gold Wars: The Battle Against Sound Money As Seen From A Swiss Perspective\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 14:56 \\u2013 Democracy \\u2013 The God That Failed: The Economics and Politics of Monarchy, Democracy and Natural Order\\n 16:17 \\u2013 Correlation between time preference and people\\u2019s ability to succeed in life\\n 19:59 \\u2013 How money markets worked in the late 18th century vs today\\n 27:57 \\u2013 How he came across Bitcoin and how he thinks of it as a digital gold\\n 35:42 \\u2013 How will the world transition to a sound money standard\\n 42:15 \\u2013 The impacts of hyperinflation on crypto currencies\\n 45:04 \\u2013 The idea of a orderly upgrade of the world currency\\n 48:20 \\u2013 His thinking on alternative coins\\n 54:05 \\u2013 What it takes to compete with bitcoin\\n 1:01:43 \\u2013 How he diversifies\\n 1:04:35 \\u2013 Stalling bitcoins demand\\n 1:06:11 \\u2013 Does he apply his thinking of lower time preference elsewhere in his life\\n 1:07:09 \\u2013 Kindest thing anyone has done for him\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\n Follow Patrick on twitter at @patrick_oshag'