73. Bitcoin and Time with Gigi

In this episode Saifedean talks to software developer and author Gigi. They start by talking about Gigi’s book 21 Lessons: What I’ve Learned from Falling Down the Bitcoin Rabbit Hole, and why Gigi’s most important lesson is “you will not change bitcoin, but bitcoin will change you”. They move on to discuss the relationship between bitcoin and time. They cover how bitcoin solved the problem of reaching decentralized agreement on time and how bitcoin, as an unparalleled savings technology, serves to lower human time preference. The Q&A touches on topics such as the mind-boggling security of the SHA256 cryptographic hash function and threats to bitcoin’s future.

[@oscarjones2529]

Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it.

[@frederickhilton9479]

That’s true. If you don't find a means of multiplying money, you will wake up one day to realise that the you thought you had, has finished. Investment is key.

[@alidasantiago2959]

Bitcoin is the future of the digital world, investing in bitcoin has made me financially stable. It is a pity that many people who are going through great difficulties have ignored bitcoin, while bitcoin can improve their financial situation.

[@briancarla9380]

@@jaymiepaquette8997 I will recommend Mr. Nicholas to you, His trading acumen is working for me right now and I am making good profit from bitcoin trading.

[@briancarla9380]

I have been earning a lot through bitcoin trading which has been the main source of my income.

[@mitchellalvarez6748]

Bitcoin trading is truly a game changer. It will be a lucrative move to take advantage of Bitcoin because it will be very profitable over time.

[@Elliott_Elliott]

Gigi is incredible

[@andreb6409]

Thank you, Saifedean and Gigi for this amazing interview. As a Brazilian, facing a 10% inflation rate, i fell is my moral duty to inform as many people as possible about this content. I will try my best to translate most of it to portuguese. Thank you!

[@fannys941]

This interview was so enlightening! Thank you both 🙏🔥

[@vpnconsult]

This interview is a jewel.

[@salvatoregusmano]

This talk ist really absolutley mindblowing!!! Thank you so much from Germany. Danke Gigi, du bist der Beste 💜💜💜

[@nocollarcrypto8851]

I feel like im cheating other people by having access to this. 🤭 top notch material. Im so humbled. Entered in 2018 and it took me 2 years to get past alts and go 100% BTC. Thank goodness i was paying attention.

[@fannys941]

🙌🙌🙌

[@JoeKazemi]

This was a very interesting conversation. Found it very relatable as well. Thanks.

[@stereodachs]

Gigi is a bless to the space !

[@fritz9438]

How does this only have 500 views? Amazing pod.

[@nunyabuisness21mill]

Gigi your book was the first book on bitcoin I read, saifedean yours was the second. Love the effort you guys put forward in your work. Thank you.

[@snwin]

gigi is amazing

[@slayerment]

Gigi is brilliant!

[@TheBitcoinRevolution]

💯🔥

[@rars0n]

Hi Saifedean, I just wanted to let you know that I happily ordered 7 copies of The Bitcoin Standard. One is for myself (because I prefer to be able to read the print, rather than just listen to the Audiobook version which I already own), and the rest is for my family for Christmas. I'm getting them all hardware wallets with $100 in bitcoin on them, in addition to your book. They're all either completely unaware of bitcoin or think that it's "imaginary money," so I hope that they start to understand when it's grown significantly a couple years from now. I haven't finished your book yet, but what a wonderful book it is. This is real knowledge. It's actually hard to put a dollar value on this. The book price is a steal. In reality, anyone who actually listens to the book is guaranteed to grow their wealth. The book is basically free. This is why I'm so willing to buy several copies to give to family. Even if only 10% of them read it, it's going to have an impact. And I'll make it back tenfold.

[@vincentd2418]

How am I the first comment on this video? Saife should have hundreds of thousands of followers on KZbin. Bitcoin is still so early!

[@fusion9619]

Yeah, he's my favorite economist.

[@UnderstandingBitcoin]

Saifidean’s content is always suppressed by big tech

[@fusion9619]

Hi Saifedean! I like your book!

[@MattimoreCronin]

What a phenomenal interview. Two of today’s great minds speaking truth through mathematics, energy, and reason

[@hermancorneau]

Mind-blowing. Tks

[@Kraken_88]

Saifedean: "wash dishes, earn some satoshis - even that is meaningful!" Well put, funny, true. Washing dishes is proof of work!

[@TheAdamAdy]

Love this dude, very informative twitter feed

[@psiphi7736]

My New Favourite Show.

[@Skydrops6]

"We see this all the time, other networks go down, if the network goes down, it's not a decentralised network, it's a server."

[@dutch-man]

Great talk guys. Very enjoyable 😃

[@saifedean]

Glad you enjoyed it!

[@ManuelBTC21]

16:30 "Keep an open mind - but not so open that your brain falls out" - G.K. Chesterton

[@youfelixx]

How much humbleness in one video!

[@dhebiegascon1603]

Am "saw" and listen to you in Jordan Peterson's podcast and want to listen and hopefully to understand more about bitcoin.

Welcome to the rabbit hole!

[@atomiccBTC]

Thank you for the very interesting Talk!

[@vidgamer14]

Great conversation!

[@adamdunlaptv]

Two great minds. Fun convo. “Bitcoin derangement syndrome.” It’s gonna get real. The politicians won’t want to take the blame. It’s gonna get ugly.

[@JJ-gw5ux]

53:00 LOVE

[@ifh4030]

Can't believe I haven't been subscribed before this. Maybe Taleb has friends at YT so this channel doesn't get promoted, lol.

[@chrismale9976]

This is like Ali and Frazier in their primes

[@hermancorneau]

Is there any way to get the books in french?

[@wrighty99]

What is the likelihood / outcome of a monopoly forming among the miners?

[@fannys941]

They can't, they rely on the transactions in the network.

[@rars0n]

"'Let's give everyone seniorage' it's kind of Keynesian thinking." YES! This is something I personally missed about these shitcoins. There's so much Keynes wrapped up in all of that bullshit!

[@porky1118]

Why should anyone care about the hash rate? It's mostly about the energy required to get a specific hash rate.

[@bregjejabra25]

"I don`t think it is a good idea to copy the Bitcoin-code...". Satoshi Nakamoto.

[@pupfriend]

my man Gigi hating on javascript makes me sad =(

[@ChristianPecksteiner]

The average Austrian knows little about The Sound of Music and NOTHING about Austrian economics! The average German also doesn't know about the hyperinflation of the Weimar republic. 🤷 ... Just try asking random people if you don't believe me.

[@Confusione_Infinito_Absurdum]

I like Gigi, but the constant nervous laughter gets irritating. He needs to chill.

[@rickspalding3047]

These guys pretty much said nothing in this talk

[@f.a.j.4685]

Saifedean interviewed by himself ... bla bla

[@raymondneill5339]

Brainsstockfx is the best. Sand a DM