Thanks for this interview. Will listen to it again and order his book. BTC store of value proposition is looking shaky, although it’s still early days.
Thank you John for asking some more challenging questions regarding Bitcoin, something rather lacking on most echo chamber financial channels at the moment
Honestly one of the very best explanations I’ve come across for BTC and I was working at a major consulting firm explaining blockchain for a while. Thanks for the refreshingly simple and easy to understand view.
We are far in quality compared to the « show » given by Kiyosaki. It was not acceptable from an host to react like that . Thank you for such an excellent conference . It comforts me to see such intelligence. Cheers .
By definition, the last miners will be state actors that will dedicate remotely built dams to generate free power for treasury reserves into sound money BTC.
Yes. I truly think blockchain was created for the sole purpose of either taking down the central banking system or to replace it altogether and as Ammous certainly knows that is absolutely necessary for liberty and privacy to prevail yet again.
Switzerland is sitting on piles of fast depreciating € & $. I bet it's the first country to dump both piles to move it's treasury reserves into sound money BTC & base it's fiat currency on it.
@@acklin83 Miami also is considering the prospect of putting its Treasury reserves into BTC. I think the more that countries realize this then the better off we will be. Case in point taxes will be far lower too.
Agree. Bitcoin is head and shoulders above the other crypto coins. BTC = store of value gold 2.0 best bearer hard asset. Alt coins are simply utility tokens like copper and silver are relative to gold.
CHARLES PARKER Mybroker His currently handling my crypto for me and his making me huge profit turning 2 BTC into 4 BTC in 9 days and making me $ 400,000 weekly by putting $ 50,000 indeed I'm amazed I recommend him
Great video. Sounds like the future of Bitcoin rests on one thing; Satoshi. The person/group has destiny in their hands if they still exist. If they do not show in next 5 years Bitcoin is the future along with layer2 mass transactions.
WHY does anyone say SPECIFICALLY WHAT the MATHEMATICAL PROBLEM is OR HOW/WHERE can we find what the MATHEMATICAL PROBLEM IS to know AHEAD OF TIME WHAT TO SOLVE?
Do some research, the info is all out there. It is a SHA-256 hashing algorithm that the mining computers are running. Too much to type here. Try searching "3Blue1Brown bitcoin" on youtube, it gives a pretty good description for the normal person.
The real supply, though will continue to dwindle as people lose their bitcoin or die while holding.... The circulating supply will become more and more valuable as time goes on...
Great video, I need some help understanding. I often hear people say Bitcoin is not inflationary but I am not clear what that means. Bitcoins price has been going up since it was born, isn't that inflationary or are they talking about the 21M cap only. If the price of Bitcoin is going up as we all think it will, how to I explain to my friendly skeptics that it is not inflationary? SALT Talks are fantastic!
the US dollar has lost 98% of its value since its inception in 1930s, due to money printing and increasing the supply massively. bitcoin on the other hand has a fixed supply of 21 million, 900 bitcoin per day produced, this is halved every four years, most of the bitcoin that will ever exist will have been mined in the next 10 years, with a very long tail ending in 140 years. so rather than increasing supply, bitcoin decreases supply over time so it goes up in value, not down. this is even better than gold imo, although gold is scarce, it’s not limited, you can always find more gold potentially. hope this helps.
No government is ever going to give up money creation. It is really irrelevant how hard it is to create a Bitcoins with respective to it ever being a reserve currency. With regards to international settlements the worlds central bank are never going to give up control to a system that has most of its hashing in China,. around 70%. And why pay the early adopters of Bitcoin for an international settlement system when a cartel of central bank can build there own. Bitcoin is just code and a network.
Who would want to use or hold a retail bank cyrpto you trust banks over protocol code which is peer to peer no 3rd party and no mass manipulation Each to there own I guess.
If you developed software that would take the power of the money printer, money laundering, taxation, and theft of that taxation money out of the hands of the corrupt individuals who are currently in control of the world would you tell them who you are??
I love the world this economist lives where the second law of thermodynamics and entropy are inconsequential. I wonder what was the thesis if his engineering degree...
I agree with most of what Dr. Ammous says but he clearly doesn't understand energy efficiency question and saying things like 'I can't think of a better use of electricity' makes me cringe
I'd say it's not that it's not a good use of energy, it's just whether it's the most efficient means of securing a distributed ledger we can come up with. Proof of Work was the first iteration Bitcoin invented, it's a little close minded to think it will be the best given human ingenuity. Proof of Stake looks to be the next best innovation, time will tell. Hard core Bitcoiners seem to dismiss any other innovation in this space that's not part of Bitcoin, which doesn't seem to come from an objective viewpoint. That's not to say Bitcoin won't fulfil it's potential, just that it will probably be a significant piece of a larger digital asset ecosystem.
What an amazing conversation. I love how this content is free for everyone.
Thanks for this interview.
Will listen to it again and order his book.
BTC store of value proposition is looking shaky, although it’s still early days.
Such clear presentation and precise answering of questions! I wish more people would speak like Dr. Saifedean in explaining arcane topics.
Wow that was such a brilliant presentation. It’s incredible the potential Bitcoin has.
He is a brilliant guy for sure!
@@seanliebel6306 He is very intelligent I heard from somebody who is his "friend".
Thank you John for asking some more challenging questions regarding Bitcoin, something rather lacking on most echo chamber financial channels at the moment
Well done. I bought his book a couple weeks ago and am inspired to crack it open and learn even more.
I will advice you to invest in bitcoin trading with investor Kris Steven and make huge profits
His availability is on whatsapp.
+-1-9-1-7-7-9-1-4-1-4-8.
Honestly one of the very best explanations I’ve come across for BTC and I was working at a major consulting firm explaining blockchain for a while. Thanks for the refreshingly simple and easy to understand view.
A great guest. Thanks!
What a well grounded discussion! Awesome interview.
This was simply amazing. I’m sharing this with everyone
this presentation is the best I have seen for the new investor. simple, concise and well done.
Thank you for all of your excellent interviews.
I will advice you to invest in bitcoin trading with investor Kris Steven and make huge profits
His availability is on whatsapp.
+-1-9-1-7-7-9-1-4-1-4-8.
Thanks for this wonderful presentation.
Want to hear more from you
Want to know the latest product like book & presentation
Thank you for embracing our world and for letting us into yours!
We are far in quality compared to the « show » given by Kiyosaki. It was not acceptable from an host to react like that . Thank you for such an excellent conference . It comforts me to see such intelligence. Cheers .
I just bought your book here in brazil. In my language its stiil in pre-sale.
Hellz Yeah!!!!
Absolute brilliant presentation and conversation! Read Saif's book in 2018 and it's a gem.
Where can we get the presentation from??
By definition, the last miners will be state actors that will dedicate remotely built dams to generate free power for treasury reserves into sound money BTC.
Highly recommend his book Bitcoin Standard.
Bitcoin in a hardware wallet is as close as you're going get to having a genie in a lamp.
what a nice analogy
🔥👍🏽
Love it ❤️😃
Yes. I truly think blockchain was created for the sole purpose of either taking down the central banking system or to replace it altogether and as Ammous certainly knows that is absolutely necessary for liberty and privacy to prevail yet again.
Genie does not come out until you rub it with the right 24-word pass phrase
Switzerland is sitting on piles of fast depreciating € & $. I bet it's the first country to dump both piles to move it's treasury reserves into sound money BTC & base it's fiat currency on it.
The canton of Zug is accepting tax payments in BTC and ETH by 2021. Smart move.
@@acklin83 Miami also is considering the prospect of putting its Treasury reserves into BTC. I think the more that countries realize this then the better off we will be. Case in point taxes will be far lower too.
Singapore is first
@@se6586 wow really?
Interesting hypotheses. Especially as the CHF Swissie is viewed as a strong inflation hedge currency. Bizarrely it was pegged to the Euro til 2015. 👍
Agree. Bitcoin is head and shoulders above the other crypto coins. BTC = store of value gold 2.0 best bearer hard asset. Alt coins are simply utility tokens like copper and silver are relative to gold.
Great work guys
Very informative, Detailed explanations.
Great questions.
Can you make a multipart series breaking this all down further?
Saifedean has a podcast series, just fyi
43:05 not true. Ethereum already has way more than 10% liquidity of Bitcoin
There’s three things in life that are now guaranteed: 1) death 2) taxes and 3) the scarcity of bitcoin.
taxes will eventually be eliminated when humans realize it's theft
@@Francesco-cj3oii guess we already realized that haha
When Saif says "sour grapes" he means "suck it"
Yes, we have already missed the deadline for those coins, but luckily, we still have some possibilities, such Web3 Infinity.
Yes, we have already missed the deadline for those coins, but luckily, there are still other opportunities available, such as Web3 Infinity.
Fantastic
CHARLES PARKER Mybroker His currently handling my crypto for me and his making me huge profit turning 2 BTC into 4 BTC in 9 days and making me $ 400,000 weekly by putting $ 50,000 indeed I'm amazed I recommend him
Thanks for sharing your comment , make a note to my trusted trader Charles Parker , to help you make more profit in bitcoin and other cryptos ..
Splendide/ the author didn’t give any names of companies (Coinbase, Kraken etc) we really see the intelligence and the unbiased advices.
Awesome Video thank you TH-cam Algo! What happens after all bitcoin are mined? Will the security implode?
I will advice you to invest in bitcoin trading with investor Kris Steven and make huge profits
His availability is on whatsapp.
+-1-9-1-7-7-9-1-4-1-4-8.
How should I invest my time?
Great video. Sounds like the future of Bitcoin rests on one thing;
Satoshi. The person/group has destiny in their hands if they still exist. If they do not show in next 5 years Bitcoin is the future along with layer2 mass transactions.
GOLD AND SILVER!!! 🪙🪙
WHY does anyone say SPECIFICALLY WHAT the MATHEMATICAL PROBLEM is OR HOW/WHERE can we find what the MATHEMATICAL PROBLEM IS to know AHEAD OF TIME WHAT TO SOLVE?
Do some research, the info is all out there. It is a SHA-256 hashing algorithm that the mining computers are running. Too much to type here. Try searching "3Blue1Brown bitcoin" on youtube, it gives a pretty good description for the normal person.
😮 th-cam.com/video/NoqNhWnjE1Q/w-d-xo.htmlsi=Smf8DymU9cI9L7My
@13:00
The real supply, though will continue to dwindle as people lose their bitcoin or die while holding.... The circulating supply will become more and more valuable as time goes on...
Great video, I need some help understanding. I often hear people say Bitcoin is not inflationary but I am not clear what that means. Bitcoins price has been going up since it was born, isn't that inflationary or are they talking about the 21M cap only. If the price of Bitcoin is going up as we all think it will, how to I explain to my friendly skeptics that it is not inflationary? SALT Talks are fantastic!
inflation is regarding the supply.
I will advice you to invest in bitcoin trading with investor Kris Steven and make huge profits
His availability is on whatsapp.
+-1-9-1-7-7-9-1-4-1-4-8.
@Ken Anklovitch
Just show them these photos...
steemit.com/bitcoin/@abdelhamidtsouli/inflation-steals-your-money-how-to-stop-it-michael-taggart
the US dollar has lost 98% of its value since its inception in 1930s, due to money printing and increasing the supply massively. bitcoin on the other hand has a fixed supply of 21 million, 900 bitcoin per day produced, this is halved every four years, most of the bitcoin that will ever exist will have been mined in the next 10 years, with a very long tail ending in 140 years. so rather than increasing supply, bitcoin decreases supply over time so it goes up in value, not down. this is even better than gold imo, although gold is scarce, it’s not limited, you can always find more gold potentially. hope this helps.
Cryptocurrency is a life changing investment, that once can engage in and make huge profit within a short range of time
No government is ever going to give up money creation. It is really irrelevant how hard it is to create a Bitcoins with respective to it ever being a reserve currency. With regards to international settlements the worlds central bank are never going to give up control to a system that has most of its hashing in China,. around 70%. And why pay the early adopters of Bitcoin for an international settlement system when a cartel of central bank can build there own. Bitcoin is just code and a network.
Who would want to use or hold a retail bank cyrpto you trust banks over protocol code which is peer to peer no 3rd party and no mass manipulation
Each to there own I guess.
If you developed software that would take the power of the money printer, money laundering, taxation, and theft of that taxation money
out of the hands of the corrupt individuals who are currently in control of the world
would you tell them who you are??
Time was the only finite resource in the universe. Even gold is created when stars explode; but bitcoin is more scared than star stuff
I love the world this economist lives where the second law of thermodynamics and entropy are inconsequential. I wonder what was the thesis if his engineering degree...
Mostly opinion
Bitcoin is superior and will dominate
Change to a better host, will help improve this program.
I agree with most of what Dr. Ammous says but he clearly doesn't understand energy efficiency question and saying things like 'I can't think of a better use of electricity' makes me cringe
How so? Im curious as to the underlying reason you don't agree 🤔
What sucks more energy out of economy than the banking system? It triggers all the panic buying of “stuff”
@@erkkiboy indeed.
Giving ourselves a way out of the parasitic banking system is the wisest use of energy.
I'd say it's not that it's not a good use of energy, it's just whether it's the most efficient means of securing a distributed ledger we can come up with. Proof of Work was the first iteration Bitcoin invented, it's a little close minded to think it will be the best given human ingenuity. Proof of Stake looks to be the next best innovation, time will tell. Hard core Bitcoiners seem to dismiss any other innovation in this space that's not part of Bitcoin, which doesn't seem to come from an objective viewpoint. That's not to say Bitcoin won't fulfil it's potential, just that it will probably be a significant piece of a larger digital asset ecosystem.
#deandumb
Web3 Infinity Token is about to go off the rails.
I believe that Web3 Infinity's long-term viability has promise. Investment considerations should be provided.
Web3 Infinity Token is gonna explode anytime soon
Web3 Infinity is Web3 Infinity.
Yes, we have already missed the deadline for those coins, but luckily, we still have some possibilities, such Web3 Infinity.
Web3 Infinity Token is about to go off the rails.
Web3 Infinity Token is about to go off the rails.
Web3 Infinity Token is about to go off the rails.