In this episode Saifedean invites back philosopher and energy expert Alex Epstein to talk about climate hysteria and the energy issues facing the world today. They discuss the ongoing COP26 talks in Glasgow and why those setting its agenda are driven by an anti-human philosophy. They also talk about emerging power shortages around the world and why these are caused by a government-led push towards unreliable energy. Alex explains why being opposed to human impact on the environment is equivalent to being anti-development, and why restricting the use of coal hits the world’s poorest the hardest. In the Q&A, Alex answers questions on the gas shortages in Europe, scientific consensus on climate change and how to stay calm in the face of irrationality.
THE BITCOIN STANDARD TOOLKIT
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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/
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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/
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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/
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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/
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CoinBits rounds up your everyday credit card purchases to the nearest dollar and invests the extra cents. 95% of your Bitcoin is stored offline for your safety.
By making micro-investments over time you can use one of the most successful investment strategies known to mitigate the risk of loss called dollar-cost averaging.
Check their website here: https://coinbitsapp.com/
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