A lot of valid points, especially looking at how we are growing and moving into the future from bartering, to gold and precise metals, to paper money. Its only inevitable before we move into something that's digital. Which is Bitcoin.
Great podcast! I’m still more interested in Gold, Copper, and Silver honestly. But this helped me understand my reasoning better. Stock to flow. I’ll think of that next time I see platinum on sale lol.
Yeah man, the stock to flow ratio of BTC is *set* to blow all other assets with good stock to flow ratios out of the fkn water.... there's a finite amount of bitcoin (21million) and the flow (bitcoin mined per day) is drastically decreasing (the amount created gets cut in half every 4 years). Please reconsider bitcoin man, try understanding it a different way maybe? Anyways best of luck to you
I am curious. Around 23:40 Dr Ammous talks about people's tendency to continue to invest during a deflationary environment. In an economy that is so focused on consumer spending, wouldn't a deflationary environment lead to lower GDP and sales. I am thinking of big ticket items. If things such as cars and houses were "cheaper" due to inflation, wouldn't that cause an overall delay on larger purchases slowing GDP growth?
Your question is the reason why they is cycle of inflationary and deflationary monetary policies. Eventually Bitcoin like gold will be replaced by fiat again. Not anytime soon though
I am super interested in if we move to a BTC standard what happens to the 2.5quad of derivatives leverage.? Can or dose it need to unwind? And If it dose how
Not sure why the guest feels that BTC will discourage a dependence on financial debt. Certainly there will be BTC lenders that open to give Bitcoin loans to people, not so different than today's system.
I think it's because bitcoin is deflationary. Who would borrow money only to see that your debt is now increasing because the price of bitcoin is now higher than before.
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A lot of valid points, especially looking at how we are growing and moving into the future from bartering, to gold and precise metals, to paper money. Its only inevitable before we move into something that's digital. Which is Bitcoin.
Great podcast! I’m still more interested in Gold, Copper, and Silver honestly. But this helped me understand my reasoning better. Stock to flow. I’ll think of that next time I see platinum on sale lol.
Yeah man, the stock to flow ratio of BTC is *set* to blow all other assets with good stock to flow ratios out of the fkn water.... there's a finite amount of bitcoin (21million) and the flow (bitcoin mined per day) is drastically decreasing (the amount created gets cut in half every 4 years). Please reconsider bitcoin man, try understanding it a different way maybe?
Anyways best of luck to you
Awesome podcast, thanks.
I am curious. Around 23:40 Dr Ammous talks about people's tendency to continue to invest during a deflationary environment. In an economy that is so focused on consumer spending, wouldn't a deflationary environment lead to lower GDP and sales. I am thinking of big ticket items. If things such as cars and houses were "cheaper" due to inflation, wouldn't that cause an overall delay on larger purchases slowing GDP growth?
Your question is the reason why they is cycle of inflationary and deflationary monetary policies. Eventually Bitcoin like gold will be replaced by fiat again. Not anytime soon though
@@langa1533 Sure, because people love to see their purchase power getting lower and lower over time.
I am super interested in if we move to a BTC standard what happens to the 2.5quad of derivatives leverage.?
Can or dose it need to unwind?
And If it dose how
New subscriber, great podcast.
is this an old recording?
Thanks
That was epic.
yes
Not sure why the guest feels that BTC will discourage a dependence on financial debt. Certainly there will be BTC lenders that open to give Bitcoin loans to people, not so different than today's system.
I think it's because bitcoin is deflationary. Who would borrow money only to see that your debt is now increasing because the price of bitcoin is now higher than before.
bvanhise also fixed supply means that fractional reserve banking will be impossible. Only loans will come from actual savings.
Wait if bitcoin is a digital currency ? How is it mined from the ground .
Its not mined from ground
first
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