For this episode, we're straying from the norm and discussing all things bitcoin and cryptocurrency. Paul Tansey is an expert on this subject and he opened my eyes to new things. I hope this episode will do the same for you.
What we discussed:
- The differences between bitcoin and cryptocurrency (1:40)
- Understanding bitcoin and cryptocurrency and how they're used (2:22)
- The historical background of money and how bitcoin and cryptocurrency came to be (10:08)
- The evolution of gold and flat currency, and how the inflationary nature of flat currency erodes the value of savings over time (16:45)
- The role of the Federal Reserve and inflation (27:24)
- Global perspectives on bitcoin and flat currency (33:28)
- Bitcoin's proof of work system and decentralization (37:14)
- Bitcoin's value and future prospects (41:57)
- The future of bitcoin and the three stages of money adoption (45:35)
- Bitcoin's impact on society and economics (1:03:15)
Where to learn more:
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