2. Economics of Energy

September 04, 2020 01:26:56
2. Economics of Energy
The Bitcoin Standard Podcast
2. Economics of Energy

Sep 04 2020 | 01:26:56

/

Show Notes

This seminar focuses on the economics of energy. How does the economic way of thinking help us understand the energy market, and recent events like the California blackouts. I discuss the content of the economics of energy chapter in my forthcoming textbook, Principles of Economics, and how marginal analysis can help us understand the limitations of unreliable energy sources, as well as the world's continued reliance on hydrocarbons for energy.

Join saifedean.com to receive chapters from my forthcoming textbook, Principles of Economics, which discusses this topic in depth. You will also have access to the draft of The Fiat Standard as it is being written, and all four online courses.

 

THE BITCOIN STANDARD TOOLKIT

The Bitcoin Standard Toolkit is a selection of the Bitcoin services I recommend to readers and learners on saifedean.com, as they upgrade from The Fiat Standard to The Bitcoin Standard.

NYDIG  

NYDIG is a leading full-service financial services firm dedicated to Bitcoin, applying institutional wisdom and ingenuity to help clients access the unrealized potential of this emerging asset class. NYDIG offers the full suite of financial solutions needed for financial institutions to access Bitcoin, from custody, execution, financing, treasury solutions, integration partnerships, and more.

Check their website here: https://nydig.com/

==================

Cyphersafe 

To secure your bitcoins, it is important to keep your seedphrase backed up safely, and for that, I highly recommend using the CypherWheel seed storage device, a gorgeous and brilliant sturdy piece of low time preference engineering from a fourth-generation machine shop in Maine.

Check their website here: https://cyphersafe.io/

==================

OKCoin

Whenever someone asks me how to invest in Bitcoin, my advice is to accumulate bitcoins periodically for the long run, or dollar-cost averaging. When you buy every day, week, or month, you play bitcoin’s volatility to your advantage. In the long run, this strategy will outperform every other bitcoin investment strategy, except for dumb luck, and lying about timing the market. For dollar-cost averaging, I strongly recommend OKCoin, the exchange with the lowest fees for recurring purchases worldwide. OKCoin is also the bitcoin exchange accessible in the most countries around the world.

Check their website here: https://okcoin.com/

==================

Nodl

I believe it is really important to run a node, but I don’t recommend running it on your work or personal computer, as it can compromise the performance of your computer and, more importantly, the security and privacy of your bitcoin node. A far better solution is to buy a dedicated hardware node, and for that, I highly recommend Nodl.

Check their website here: https://www.nodl.it/

==================

Coldcard

My hardware wallet of choice is the Coldcard. I strongly recommend only conducing bitcoin trades on computers that are dedicated to bitcoin and cannot connect to the internet. I like the Coldcard because it is a contained machine optimized for bitcoin and bitcoin only.

Coldcard is basically a small computer that can only do bitcoin, which makes securing it more straight-forward. Use the code BITCOINSTANDARD on coldcardwallet.com to get a 5% discount. 

Check their website here: https://coldcardwallet.com/

Other Episodes

Episode 0

June 30, 2018 00:09:33
Episode Cover

Another Sneak Preview of The Bitcoin Standard Podcast with Saifedean Ammous

Welcome to the audio podcasting home of Saifedean Ammous and The Bitcoin Standard.When a pseudonymous programmer introduced “a new electronic cash system that's fully...

Listen

Episode 0

May 04, 2021 02:51:46
Episode Cover

53. Allen Farrington's adventures with Fiat Intellectuals

Described by Jordan Peterson as "frighteningly smart", Allen Farrington is a member of saifedean.com who has written some excellent essays on bitcoin, and also...

Listen

Episode 0

October 31, 2020 01:37:55
Episode Cover

10. Coronahysteria with Jordan Schachtel

In this seminar we are joined by Jordan Schachtel, an investigative reporter who has covered the global coronahysteria crisis from its genesis, and proven...

Listen