The Economics of Bitcoin with Lyn Alden, Preston Pysh, Allen Farrington, Max Hillebrand

Thank you so much.

Creator's thoughts about fiat?

What a lineup

📈 Laura

Yall this is great - thanks for the incredible and educational material homeys! ❤, the Bitcoin Bassist

The 5 books recommended by Max:

1. Theory and History - Ludwig von Mises
2. Economic Science and the Austrian Method - Hans-Hermann Hoppe
3. Man Economy and State - Murray Rothbard
4. The Ethics of Money Production - Jorg Guido Hulsmann
5. Cryptoeconomics - Eric Voskull

Thanks Peter for bringing on exceptionally bright minds. Can't wait for What bitcoin did with Max Hillebrand . Love your channel❤👍

This panel has me so bulled up the wife is gonna have to call the bank and make sure they don't let me go Bananas with our finances 😊 good luck honey, the only hope is if they have Dwayne the Rock Johnson working security down there, and even then, I pull enough weight that a flying heal kick charging both of my boots into the center of Dwaynes chest will clear the door and allow me to access the withdrawal desk, the HELOC however will be too time consuming, the Rock will be all over me before I can finalize the applications

It is true 1-2%of new gold is available, but population grows faster and the need for more gold actually cause your # actually is not diluted but grows in value and maintains naturally for any inflation.

I wish Lynn said lets do a experiment and transfer 2k worth of value to each other. She pass a gold coin that gets handed over and over, then tries to send btc from one wallet to the next. Which transaction is easier and cheaper? Not mentioning taxes....

Also Lynn's book is amazing

This is the best video explaining fiat money, inflation, incentives, and malinvestment I've ever seen. They really honed in on the consequences of inflation and how it distorts peoples thinking, the economy, and production at large. I need a 5 hour version of this.

I just got a 4 year degree in economics in 38 minutes! This video should be manditory vewing for anyone who spends money!

🐐 🐐 🐐 🐐

If I could interview Satoshi, I would ask him why he chose to hard cap the Bitcoin supply instead of setting the half-life to infinity? The dynamic’s would work the same, but once you’ve reached 1 Bitcoin (100 million Satoshi’s) being mined per unit of time, the next halving would be 500,000 Satoshi’s, then 250,000, the 125,000 until eventually you get to less than 1 Satoshi mined per unit of time…where from there 1 Satoshi would be subdivided into 100 million “Datoshi’s”…and the process would continue ad infinitum.

Anyone have any thoughts about this?

I don't know about you, but Max Hillebrand has a FIAT soul and mindset still. Being Rich is not the way he thinks it is.

What bitcoin did? Fuck All

I drive a 2007 truck 🛻 😂

Lyn is GOAT

The only cheating going in is fooling those new into crypto that bitcoin is useful. With small blocks, slow transaction speeds and ridiculously high fees it is absolute unusable as alternative money for the new age to escape fiat. You just trap everyone all over again. A Government captured asset. Crap

This should be 8 hours long

Wow Max kills this
That was the best breakdown of inflation I’ve ever heard
And I’ve been here for a while

Fiat IS indeed the cheat code!

wish this was longer

Revenue is vanity, profit is sanity, and cash is king.

Kash is giving in to Bitcoin providing value to the poor countries. What he did not say is that TradFi rapes those countries and fails them, impoverishing them more.

He is getting to the first signs of being scared. Scared for his role moving forward.

Lyn's book Broken Money is excellent. She's the queen.

Man, as a monetary theory and economics nerd, this was fuckin great

Max is a bit insufferable here. His approach doesn't help bitcoin adoption. Lyn is level headed one

It's dangerous to ask Allen to go on a rant...the man is the tangle of thought personified.

"So they hopefully generate more Bitcoin for you in the future."😂 This isn't low time preference, this is gambling. If you save your Bitcoin above and beyond what you need, you are assuming it will be worth more and that someone will except it. This is low time preference thinking.

Where are these so call "advanced democracies" of which Lyn Alden speaks?

Has anyone ever heard Lyn even remotely stumped when asked to explain any financial concept, simple or sophisticated? An awesome intellect

No institution, including the state, is exempt from criminal activity.

The continuous accumulation of state debt without citizen input, primarily to service interest on existing debt, can be viewed as a form of theft against its citizens. This practice contributes to higher inflation, diminishing the value of citizens' savings and purchasing power. Consequently, citizens may seek to protect themselves from this harmful activity.

Consider the collective impact if 300 million citizens were to take legal action against the state for this wrongdoing. Such unified action could significantly impact holding the government accountable and seeking restitution for the financial harm inflicted by inflation.

The extensive involvement of citizens in legal proceedings against the state would underscore widespread recognition of the injustice and harm caused by governmental actions. This would exert substantial pressure on the government to address these issues and implement meaningful reforms to prevent further financial damage to its citizens. Additionally, this level of citizen engagement could precipitate significant changes in the political landscape, compelling policymakers to heed the voices of the people and enact policies prioritizing fiscal responsibility and transparency.

In essence, the possibility of 300 million citizens pursuing legal recourse against the state for this criminal activity underscores the potential for collective action to instigate positive change and hold government institutions accountable to the populace they serve.

The more you know.

Hillebrand is such a self important, obnoxious, twit.

Excellent!!!

Max Keiser says that "Bitcoin is how life should always have been."

He argues that Fiat money is a "cheat code" that allows individuals to print money and get wealthier while making others poorer.

In contrast, Bitcoin has a fixed supply and cannot be printed, which means that nobody can get wealthier by printing money.

Allen is the "gold" here I wasn't expecting. I knew others going in but Allen's thoughts are interesting. Lyn is as always "I wish I had that mind" brilliant. At 28::00 onward one wonders whether this was part of Jeff Bezos rationale in setting up Amazon. He knew it was zero profit companies time to shine. In the markets decades before Amazon would've very likely failed but this fiat empowerment let many unprofitable things from Amazon to Tesla sail into "sustainability" or not.

Question. What if I buy Bitcoin at 60,000, and spend it at 30,000 when it drops? How is that wonderful for me?
Money is a store of value. Money is a means of exchange.
Bitcoin is neither. Bitcoin is a speculative asset.

This was really good!