In part two of their Fiat vs Bitcoin comparison, Ryan and Terry deep dive into the mechanics of the Bitcoin network and monetary policy. Following the same strcuture and their previous episode they explore how Bitcoin would propose to handle the three functions of a monetary system. And in the process, they uncover how Bitcoin could fix some of societies biggest problems.
What you'll learn:
- Three simple thought experiments that can help you envision how things would be different on a Bitcoin standard
- What Willy Wonka can teach you about how Bitcoin works
- The biggest cost that comes with Bitcoin (and why it might be worth every cent)The easiest way to compare Fiat and Bitcoin by considering the three core assumptions each is built on.
Resources:
- Book: The Fiat Standard
- This Bitcoin interview will blow your mind
- Bitcoin vs the Fiat standard
- How Bitcoin compares to the Fiat house of cards
- Check your financial privelidge
- How much energy does Bitcoin actually consume?
- Three myths about Bitcoin's energy consumption
- Bitcoin's energy use isn't a problem, here's why - Lyn Alden
