Huge thanks to Saifedean Ammous for coming on the show this week! As usual, he brings the 🔥. Be sure to check this one out during your holiday travels. - Preston
Currently reading the fiat standard, and Saif is extremely convincing on so many issues. I love this guy’s work ethic, sincerity, and honesty. Saif is the realest of real.
I think that Ammous makes a huge mistake in 9:45. The money is not created out of thin air. A bank gives out for example 90 out of 100 but these 90 will go back to the same or another bank and will generate another 81 and then 71 and so forth. So somehow magically the banking system can create multiples of 100.
@@richardkut3976 Jeff Booth said it this way: "Today, the amount of money in the world is around 800T. there are 21M BTC, so on a BTC standard the purchasing power of 1 BTC is worth 800T/21M = 38M of purchasing power in today's money."
Huge thanks to Saifedean Ammous for coming on the show this week! As usual, he brings the 🔥. Be sure to check this one out during your holiday travels. - Preston
Currently reading the fiat standard, and Saif is extremely convincing on so many issues. I love this guy’s work ethic, sincerity, and honesty. Saif is the realest of real.
This was so expository! Very high replay and research value. Thanks Saif and Preston.
Glad you enjoyed it!
Simply an amazing interview. Thank you guys!
Wow only 4k views. Maybe the video title needs "Author of The Bitcoin Standard" in it.
👍👍👍🔥
✌️🧡
I think that Ammous makes a huge mistake in 9:45. The money is not created out of thin air. A bank gives out for example 90 out of 100 but these 90 will go back to the same or another bank and will generate another 81 and then 71 and so forth.
So somehow magically the banking system can create multiples of 100.
If a Fiat collapse happens, what is Bitcoin worth?
One BTC equals one BTC.
All value is subjective.
Thanks
@@richardkut3976 Jeff Booth said it this way: "Today, the amount of money in the world is around 800T. there are 21M BTC, so on a BTC standard the purchasing power of 1 BTC is worth 800T/21M = 38M of purchasing power in today's money."
The concept of Bitcoin is perfect but until it's universally accepted its absolutely worthless!
Keto and Bitcoin for life !!
Should re-title and re-release this video: Saifdean Ammous author of the Bitcoin Standard!
Two people who should be listened to in relation to the monetary system. Get off fiat. Zero bitcoin doesn’t cut it.
This guys logic regarding his conspiracy theories really needs checking/calling out
Thank you guys for the interview!