46. Debate: are precious metals being demonetized?

April 08, 2021 01:27:32
46. Debate: are precious metals being demonetized?
The Bitcoin Standard Podcast
46. Debate: are precious metals being demonetized?

Apr 08 2021 | 01:27:32

/

Show Notes

Peter Young hosts a debate between Saifedean and gold investor Mark Valek on the monetary status of precious metals. Has bitcoin obsoleted gold as money? Is gold being demonetized? Do gold's uses in jewellery and industry help or hinder its monetary status? 

 

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

January 27, 2019 00:43:31
Episode Cover

Saifedean Ammous Live From Unconfiscatable in Las Vegas

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...

Listen

Episode 0

August 31, 2019 01:23:41
Episode Cover

The Bitcoin Standard Podcast Presents Saifedean Ammous at the Merkle Conference

As Dr. Ammous explains in his presentation why this has far reaching implications for the world we live in, given that money is a...

Listen

Episode 0

October 24, 2020 02:08:29
Episode Cover

9. Bitstein on Bitcoin, Meat, and Arctic Carnivore Diets

In this seminar we host Michael Goldstein, @bitstein, of the Satoshi Nakamoto Institute. We discuss our two favorite topics: bitcoin and meat. Michael curated...

Listen