In this episode, Saifedean talks to author and public intellectual Jordan Peterson about how bitcoin solves the problems of The Fiat Standard. Saifedean starts by introducing the Austrian School of Economics, its key concepts such as “opportunity cost”, and how it differs from alternative schools. Saifedean and Jordan then move on to a discussion of the civilizing impact of hard money, why bitcoin is different from other cryptocurrencies, and why bitcoin mining changes the dynamics of the global energy market. Finally, they discuss their experiences working in fiat academia and why online learning is making the traditional university obsolete.
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/
In this episode Saifedean talks to Paul Saladino MD about meat eating and his book The Carnivore Code. They begin by discussing how transitioning...
This week we host the poster child for carbohydrate deficiency, carnivore elite athlete, orthopedic surgeon, author, and bitcoiner Dr. Shawn Baker! We discuss Shawn's...
"Bitcoin is poorly suited to the purpose of becoming any nation's main medium of exchange."That was the topic of a public debate hosted by...
