Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics | Lex Fridman Podcast

[@lexfridman]

Here are the timestamps. Please check out our sponsors to support this podcast. 0:00 - Introduction & sponsor mentions: - GiveWell: www.givewell.org/ and use code LEX - Scale: scale.com/lex - Uncruise: uncruise.com/pages/lex - BiOptimizers: www.magbreakthrough.com/lex to get 10% off - Athletic Greens: athleticgreens.com/lex and use code LEX to get 1 month of fish oil 1:33 - Money 14:38 - Gold standard 27:49 - Collective hallucination 33:39 - Austrian vs Keynesian economics 1:06:00 - Free market 1:22:29 - Monarchy 1:28:03 - Fiat money 2:14:53 - SWIFT system 2:27:43 - Bitcoin 2:34:00 - Satoshi Nakamoto 2:41:44 - Criticisms of Bitcoin 2:56:56 - Football/soccer 3:00:38 - Criticisms of Bitcoin continued 3:10:57 - Bitcoin Maximalism 3:23:20 - Proof of stake 3:40:26 - Central bank digital currency 3:51:39 - Michael Malice 3:53:52 - Advice for young people 4:00:01 - Palestine 4:11:40 - Mortality

[@topdog5252]

One day you will get Grigori Perelman on this podcast Lex!

[@LosZonga]

The amount of hardcore facts in this discussion is by all standards way off the charts. Good interview Alex and to your guest Saifedean Ammous: hats off - your amount of knowledge on the matter of money and the distribution of it is tremendous important for humanity to wake up from the finite materialistic dream and step up into the infinite resource based economy of things.

[@LosZonga]

2:09:19 - The problem is that the Bank creates your loan withouth principal. The money needed to repay the loan principal is deficit since the value was never put into circulation. Where that money are comming from?

[@tresojos]

Bro wtf.... Your podast is SO GOOD!!!!!!! How did I just discover this only now.. So many hours of listening pleasure

[@BoomBustProfits]

When will Triple H (Hans-Hermann Hoppe) be on your podcast Lex?

[@saifedean]

Thank you so much for hosting me, Lex, I had a wonderful time!

[@ThiloBauer]

By the way, why not mentioning that fact: You both look sharp. Coming from a straight man, why the hell not.

[@brushstroke3733]

@guttergrown was here That's the problem with anarchy that I am seeing - there's no way to enforce it without some centralized control, which means you no longer have anarchy. No matter what, some individuals are going to form groups and coalitions, giving them more power over individuals not in groups or coalitions. Eventually, everyone joins groups and coalitions for protections, causing them to grow and compete for dominance. Eventually, they seek control over other groups and become governments. Organized crime and government are essentially the same thing.

[@brushstroke3733]

Thanks for helping me finally make sense of economics. Wow, I always knew government worked by holding us all at the end of a barrel, but I never quite understood how they used phony economics to propagandize us until now. Brilliant!

[@rahisaji9753]

You are a great economist

[@TheMorpheuuus]

Very impressed by the Great performance lasting 4h ! 👍, the less the tone was sarcastic the more it was convincing …. Thank you

[@jimpayne9545]

I've listened to about 70% of this new podcast episode, but I'm going to go ahead and leave a comment because I'm so impressed by the breadth of knowledge from the guest, and also from the increasingly stellar interviewing skills by Lex. There is genuine curiosity and humbleness in the questions, and the way that humor is mixed in periodically just adds to it.

[@AS-qo4se]

Completely agree, just want to point out the right word is humility, not humbleness. :)

[@radzishbuslmari9965]

After like an hour in to this episode i realised that i wanna hear more what this guy has to say.. Insta download his books

[@erinkhoo]

Buy Bitcoin

[@JRad-ms2zw]

and forget about shitcoins!😁

[@topdog5252]

Completely agree

[@thundergames1901]

Lex, this is incredibly relevant right now - for us, and for our families. Thank you. It would be amazing if you could get Saifedean and a Keynesian economist in a room to discuss their differences. I would absolutely love to hear them duel it out, and it would be incredibly insightful. This is money - peoples livelihoods. We need to get this right.

[@bitcoinshopmiami]

You are talking about something like this? kzbin.info/www/bejne/hnzIco2fab5-mJI

[@S54VR6]

No Keynesian will debate an Austrian. Keynesian is heavily based on deception through complex markets and poor accounting. It’s by design.

[@anu1776]

You're right, that would be insightful!

[@jmc0369]

It wouldnt go anywhere unless it was very tightly moderated. There is fundementally a deep dislike against each other. The Keynsian fundamentally needs the "authority" of the state to keep the system functioning. Generally the Austrian sees that "authority" as illegitimate or at least the primary threat to freedom. This is a deep divide that goes to the foundation of hiw one sees the world.

[@sharpenedge]

This should be the top comment.

[@shannonrosengarth8874]

“Come for the greed, stay for the revolution!” What an excellent conversation!

[@roberttheiss6377]

Sounds like GME lol.

[@gickygackers]

​@@roberttheiss6377 every virgin frontier is at risk of perverts.

[@medyaayob4248]

This is one of the best podcasts, if not the best ever, I've ever heard.

[@gaaligadu148]

I agree

[@danieldanielson2650]

You you know huberman labs. Completely Different field of work but really really good

[@jamesbuttery3862]

Saifedean is one of the smartest economists out there

[@dandouglas4839]

Up down game O&A

[@theveka]

Until now, I'd never watched an entire 4+ hour video on KZbin. I possess both of his books and I'am familiar with the subject and Saif's viewpoints, but it was a wonderful pleasure to see and ponder about these things again. THANKS!

[@caitlynguthrie5641]

How can I get his books if I’m *super* poor?

[@gaaligadu148]

@@caitlynguthrie5641 the speaker did a good job at encapsulating most of the things he discusses in his book in the video. You can rent it

[@caitlynguthrie5641]

@@gaaligadu148 thank you for letting me know he goes over most of the content in the video. I need to watch it again anyway 😍

[@tauqeeralam8365]

​@@caitlynguthrie5641download from libgen

[@ally65432]

You tube is free…. But there are other better and more reliable platforms

[@iclick4122]

Improving money doesn't fix everything But it fixes more than any other singular improvement

[@OrthoHoppean]

Freeing money and banking from the state would do IMMENSE work in improving the state of society

[@henrychoy2764]

how do you fix the root of all evil ? ? ? burn it - this is the fix for money and that has been the way it has gone since it went off the gold standard - doughnut you see ? ? ?

[@drewsimon9652]

@@henrychoy2764 Money =/= Root of Evil The Quote is "For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows." 1 Timothy 6:10 King James Version You can look in other version and in context; but it is clear that the LOVE (Caps for emphasis) of money, especially when you self harm to get it, is the root of all evil.

[@henrychoy2764]

​@@drewsimon9652 you are right it is monkey that is the root of all evil and i have been saying so for years - but all the same there is no point to so called fix monkey - it is the root of all evil per say - you may as well want to turn evil into good to turn lemons into lemonade - the actual fix is to overthrow the concept of finiteness of monkey because that is what makes people compete for it with so much evil evil evil evil

[@mdaniels6311]

@@OrthoHoppean Complete nonsense.. before states enforced a single currency, it meanst ANYONE could produce currency, and that's exactly what happened. Do you think it's better to let anyone with a printer create a currency? What does that do to inflation?

[@TheGunmanChannel]

I like the way this man thinks

[@boq81]

HE THINKS.

[@quantumgelato4787]

THE GUNMAN!! Thanks for steering me towards the GTI prolite.

[@Project2013B]

He thinks there were no rape at all by Hamas on their Oct 7 attacks He thinks the majority of Israeli citizens killed on Oct 7 were killed by Israel. Still like his way of thinking??

[@blackhat965]

This is so mindblowingly good I don't even know where to begin describing this. Thank you for this

[@andrewteece3496]

Saifedean: "Instead of hating somebody for their religion, hate them because they support Manchester United."......As a lifelong Leeds United supporter, this really is music to my ears. Awesome podcast by the way!

[@luke928]

Already liked in the first 10 minutes because he is capable and immediately gives the best definition of money I've ever heard and he did it plainly and directly. Most can't do this

[@ethanknight24]

I’ve rewatched the segment a few times now. Very powerful!

[@seankennedy4284]

He learned his econ from reading Mises and Rothbard. Unique economic insights, because they are among the very few in history who understand money.

[@ngrovotny]

I think he gave a definition for currency, actually, and not money. I may be wrong, but it seems to me that money cannot be its own medium of exchange.

[@WilliamJMRobson]

He avoided saying “Money is a store of value over a period of time” Which is one of the major conflicts of Bitcoin until it is mature which provides another conflict of how quickly it can fall without Governance control.

[@ngrovotny]

@@WilliamJMRobson It's not clear how a "store of value over time" can ever make sense from an Austrian view. Value's subjective, so unless there's a magical axiom in use, there's no reason even gold represents a "store of value." But this internal contradiction doesn't seem to occur to anyone who calls themselves an Austrian. Then again, I only hear tend to hear that claim from people on the 'net, so maybe it's virtual stupidity.

[@des7638]

What a great guest. Such a clear and authoritative communicator on arguably one of the most important topics of our time.

[@rondebol82]

very seldom I finish a 4 hour podcast, and even more seldom I enjoyed every minute

[@mwess997]

Your time was not wasted 😁

[@erikbrown77]

I've been revisiting this episode this week. What an incredible conversation!

[@0p3nh4ym3r]

same here

[@marymyers9211]

Second time I've listened to this one. Brilliant man. Such humility in you, Lex

[@ajsap8160]

In college for CS while working full time, these podcasts breath wisdom and knowledge into my day, your efforts are noble and highly appreciated.

[@SnowWhite-dr6xh]

Enjoy

[@TheArchie1112]

ditto, 2 months out from finshing my masters & Lex has been a solid brutha

[@jkk23-g7c]

Same, in college of CS and working part time.

[@blaugranisto]

Don't learn COBOL programming language

[@NuJakeL]

It is excellent to see your audience being opened up to a correct understanding of economics & money. Thank you.

[@sinatra222]

He obviously is an expert on economics but he still hasn't sold me on bitcoin. We've been told for years that bitcoin is a hedge against inflation. If that's true, why has bitcoin lost more than 50% of its value at the same time that USD inflation has reached 40-year highs? Secondly, of what use is bitcoin if it is rarely used as a means of exchange? When I buy bitcoin I am simply hoping it goes up so I can sell it to a "greater fool" later on. Until it gains wide adoption as a form of currency it is a purely speculative asset.

[@NuJakeL]

@@sinatra222 When the inflation happened (March 2020 onwards), Bitcoin was around $4,000-$5,000. Prices going up are a consequence of inflation, not inflation itself. So, you would have protected yourself pretty well. Since November 2021 the US has stopped inflating (see M2 money supply), hence the Bitcoin price, and almost every other asset class has come down. I have written a book, BITCOIN & EXPONENTIAL FREEDOM, explaining why they can’t stop inflating. To your second point, as the adoption of Bitcoin grows, the more widely used it will become, but this won’t happen overnight and the price will reflect this adoption.

[@ytname18]

Okay, 'correct understanding'. It's economics, not exactly exact science.

[@lukitas207]

This was a great conversation. I think talking to Austrian Economist Bob Murphy would be a good follow up to this conversation.

[@MaxwellsLab]

Bring anyone from Mises please!

[@saifedean]

You're in luck because I just spoke to Robert Murphy a few days after this interview!! You can find it in my KZbin channel, I was hosted by him and Jeff Deist on Human action podcast

[@basslinejunkie2776]

@@saifedean can't find it

[@lordmaximillius3431]

How about we not focus on just one perspective… I’d rather hear different people with different ideas.

[@lukitas207]

@@lordmaximillius3431 they don’t have the exact same perspective tho…

[@jasonelwoodhanna8021]

The last year of crazyness has definitely turned me into a bitcoin maxi ,and Saifedean is unapologetically trying to get the message across of whats at stake. Love this convo thanks lex.

[@jairunet]

One of my favorite 4 hours in this world. Thank you for having Saifedean on the podcast, I really appreciate it Lex. I learn so much and I really appreciate it. Next Michael Saylor's 😉

[@MainStageSniping]

Couldn't be a better time for Saifedean to come on the podcast. Thanks Lex!

[@Piwi-t8g]

Saifedean is a national treasure. Another brilliant episode. Thank you Lex!

[@pleblira]

Global

[@arthur78]

He's not American

[@Cody---]

One man's trash is another man's treasure 🤣🤣🤣. He sucks lmao

[@aaron4820]

@@arthur78 whether he has a green card or not aside, you know "national" doesn't mean American right...? Though ironically he's Palestinian which makes being a "national treasure" a bit trickier as said nation isn't exactly recognised everywhere.

[@edhunt6814]

This was my favorite conversation in the last year. Was glued to the screen the entire time

[@Achilles3588]

Really opened my eyes, so much wider. Saifedean is brilliant! Thank you for having him on your podcast Lex!

[@greenparksandblueskies9099]

This is one of the best economic discussions I have ever heard. It was full of answers to questions I have always had about world politics and why we think they we do. The current financial system is more profound than just money......if affects everything.

[@AlfiePT]

Only half way through but this podcast is absolutely incredible. Never thought I'd be so passionately enthralled in a conversation about different economic theories but I feel I've learnt so much about such an important part of our everyday lives. Always amazes me how these podcasts strike such a perfect balance between deep information on serious complex ideas and light hearted humor. With that dense information being actually digestible to the average person.

[@massaker1111]

michael saylor now saifedean ammous, seems like lex is on a bitcoin kick right now. i love it!

[@BoRisMc]

what a gust of fresh air. A guy that expresses himself without trying to please everyone, with hard conviction and at times thick words, just like in the good old times. Please more of this and let's put the fear dressed as friendliness down. Cheers

[@ramirovaldes4889]

This.

[@odnilniloc]

Such a rich, wise, entertaining and engrossing discussion. Thank you both for bringing this beautiful moment into existence. Wow!

[@Hixyboyblue]

There are few but some people talk and you just feel compelled to listen. Saifedean Ammous is one of them for sure. Rare to find someone with such a brilliant grasp of language but still able to keep it simple AND be polite in conversation. Many with such deep and ranging views feel the need to interupt or overpower conversations but he understands the skill of 2 way conversations. It makes it incredibly easy to digest such a long podcast. I was surprised when it reached the end and I realised I had been listening for over 4hrs.

[@JMW_JMW_JMW]

Yes! Hyped for this. Thanks Lex for being so open to the idea of Bitcoin and having the most prominent Bitcoiners on!

[@filipkirin2326]

Wow this is amazing Lex, just as I'm reading The Bitcoin Standard you have the author on the podcast. Can't wait to listen to this. Keep it up Lex you have the best podcast ever!

[@Brian-vk1hm]

And you now have the gift of underpriced BTC on top of it all. :)

[@grantfogle9190]

@Angelo Balbi hfsp

[@wadeboggs5163]

@Angelo Balbi I was going to reply to this comment, but I think teaching my dog trigonometry would be more worthwhile.

[@marko76]

What a solid person Saifadean is! Sensitive, solid and learned. Lex, you just keep filling up my mind with the most compelling conversations. Thank you 😌

[@polivioschristodoulou2335]

Its amazing how much knowledge you can learn listening two people talking for 4 hours. One of the best podcasts i ever listened.

[@S54VR6]

Incredible guest. These bitcoin guys makes a lot of sense. Might be worth while to get some just incase…

[@kitty10141]

Price is more attractive as of late

[@S54VR6]

@@kitty10141 Yes it is. May be a really great opportunity to get in. Slightly above previous all time high and historically in 13 years has never gone below the previous cycle all time high.

[@thepamo2812]

Just in case it takes off ;)

[@chrismale9976]

Once in a lifetime discovery

[@LowTimeHero]

Oops. :(

[@theroamingsavage8813]

Money is our TIME and ENERGY printed on a piece of paper. We exchange the time we couldve spent with our children, our youth until we are old, our meals we couldve had with our families, the holidays we missed, that 1 hour commute to sit in traffic, the energy we couldve instead reserved to take our children to the park but instead we leave it at work, the 4 hours of sleep to get up at 6AM to do it all over again for the majority of our lives. For a govt to print money in the TRILLIONS and rob is blind of all the aforementioned, is a crime against humanity. It is my belief that if more ppl viewed all this "quantitative easing" and "benefits handouts", there would be riots on the streets anytime Biden or any politician even suggested sending its citizens hard earned money to frivolous and short term programs and unnecessary spending.

[@madbaumer215]

You are choosing to view life in this grim way. I don’t buy that you go to sleep at 2am wake up at 6am the majority of your life unless you are an extremely down on your luck single mother.

[@matthewmullin8168]

@@madbaumer215 I don't recommend it, but I know multiple people that only sleep 4 hours a night. I personally sleep 8 hours a night, but everything the original commenter said is true.

[@NathanCline12-21]

If I said I would give you 10 million dollars but today would be your last day would you take it? There is no amount of money that is worth that time.

[@ThePoehladian]

100%, humans are waking up (finally) There's another level that most aren't ready for...... Reptillians - they're smarter than humans, crafter, darker and REAL. Religion attempted to shed light on their reality with the serpent story but it distorted into Satan and demons. Reptilians are native to Earth and beLIEve it is solely theirs. They can possess men if they are highly egoic and not very conscious. Most secret societies (governments) are highly infiltrated by them. Their plan is all but human extinction and total domination. THEY are the ones destroying food production facilities, killing mass amounts of cattle, chickens, ect. Burning crops and creating genetic "meat" (Bill Gates.) If you ask who is "they", Reptillians or government ? you are awakening to the fact they are one in the same. The things you have awakened to, you would have thought "conspiracy theory" not long ago. The same is true about what I've said.

[@sean-kb4wr]

100th like. Well said

[@brushstroke3733]

I'm so relieved by the segment about saving versus investing (around 1 hour and 50 minutes into interview). I've always felt guilty about not spending time and effort to learn more about investing because I imagined it probably didn't require all that much. Now I finally have someone explain to me how this is nearly impossible unless I want to make it my full time job, I don't feel so bad about my decision to just gamble on index funds instead. Also, wow, never had someone explain how utterly fraudulent our whole system is. Mashed potatoes.

[@bswantner2]

Mashed potatoes, indeed. Several of Lex's interviews with economists have brought startling understandings to light, for me. Yikes.

[@dannyarcher6370]

I came to the same conclusions a few years ago by reading The Intelligent Investor by Benjamin Graham (Buffet's mentor). If you're going to beat the market, you're going to essentially have to make it your job and track stocks all day which is not a life I want to live. Day trading is for suckers. The number of people who succeed at it are succeeding mostly out of luck in the same way that individuals of a species survive environmental pressures. Sure, some of them are surviving because they have higher fitness but there are tons of perfectly fit individuals who _don't_ make it. On a broader scale, think about avian vs non-avian dinosaurs in the KT extinction event. The avian (old money) dinosaurs just got lucky from the dinosaur group. The unfit (new money) mammals suddenly had a giant open market to exploit. Markets are like that. Although I'm broke at the moment, if I was investing, I'd just be buying boring index index funds and holding.

[@borderingcanada3326]

@@fcv1967 Michael Burry disagrees. He predicted the last financial crisis in 2008 and thinks the next gigantic bubble to pop could be index funds. Blindly investing in them is ironically why they could fail. Why not take Saifedeans advice and research then invest in bitcoin?

[@mdaniels6311]

@@bswantner2 Easy solution is to set up a state owned bank that guarantees your savings are given an interest rate in line with inflation.. problem solved.You canont throw out the entire monetary system just due to one flaw.

[@bswantner2]

@@mdaniels6311 I don't know that our monetary system only has the one, but I understand what you mean. We'll have to see what the next bubble does, and if the dollar will become so de-valued oil is no longer traded in dollars. Hoping things don't get to the we-use-Franklin's-face-as-wallpaper level worthless, concerning the dollar. I like your solution. Now... the bankers and the consequences of violating the follow-the-inflation rule regarding accruing interest? Can we start with new bankers, at least? lol. 2008 was kind of rough for the whole globe.

[@Stumptownc]

4 hours and worth it! This really made me stop and think multiple times. Thank you!

[@qusainaser8475]

This is the most informative podcast I have ever watched. No body can explain such complex topics better than Saifedean can! It is just impressive. This should be taught in schools and universities.

[@Teacher_Ali]

He has his own podcast called as "The bitcoin standard podcast" - Amazing speaker on so many finance related topics and always deeply insightful.

[@aliakil2176]

Very interesting conversation, I'm glad you keep introducing us to such interesting thinkers.

[@Conquer332]

Saifedean is genius far far ahead of times, a true legend

[@armir_ko]

One of the few 4hr long videos that I've watched beginning to end. It was an honor. Hope I don't regret it.

[@chiefolk]

Lex i like how you're trying to hit the balance trying to conquer their certainty by asking thoughtful questions, while learning new things and letting us know the other side of things.

[@Squigglydodah]

What a great conversation. He should be a regularly returning guest. Maybe quarterly?

[@mothtube12]

One of my favorite ideas from the interview: Anyone with a science or engineering background will see that the current economic system is a flawed concept. Truth.

[@chris18830]

He was referring to Keynesianism, specifically

[@2k10clarky]

@@chris18830 which isn’t the current economic system it’s neo classical which is different please DYOR. only time any Keynesian policy was used in last 60 years was in great financial crisis and it was quickly reversed

[@benlenzen12333]

dumb. Its like saying anyone with a degree in english literature can see that chemistry is a flawed concept. Maybe its just not their field of expertise, and they have to accept that for another field, other methods and a different way of thinking have to be utilized

[@chris18830]

@@2k10clarky you're joking right

[@NickMart1985]

The current "economic system" isn't an economic system at all, its a political system.

[@deniztuna7010]

This was definitely on of your best interview so far Lex! Saifedan is one of the clearest thinkers I have come across and much of what he believes and was presented here is build on very sound logic. I am sure many people have learned a lot from him. He is so far ahead when he comes to a hollistic understanding of economics.

[@ibobbyshell]

The most important episode of Lex career. The only episode anyone should watch as it impacts their livelihood.

[@PauloNideck]

Saifedean is GREAT

[@claudiomarinangeli2360]

What an extraordinary and brilliant conversation. Great job, Lex, and remarkable as always Saifedean Ammous.

[@FruitfulVineFarm]

Thank you, Lex, for introducing me to this brilliant mind. I'm looking forward to reading his book.

[@samuelandrews4952]

I agree with Saifedean more than just about any other living economist I know of; that said, I'm not convinced he is free of dogmatic thinking himself.

[@ytname18]

*he's not

[@danielreardon6453]

Who truely is free of dogmatic thinking?

[@meltedsnowman9637]

He’s hyper dogmatic.

[@MattiMattiMattiMatti]

Might be my favorite podcast episode I have ever listened to. And not just on this channel.

[@LAAdams17]

Thanks!

[@moviepracticing]

This man should be a regular. Love this podcast

[@adhamatta]

This is definitely my favorite podcast episode. I was rewinding, tryinna take in everything being said. Even taking notes! I would have never heard of Saifedean if it wasn't for this podcast. Great work as usual Lex.

[@BitcoinOnlyCentral]

Check out his books, the bitcoin standard and the fiat standard.

[@ronpaulrevered]

Saifedean Ammous is the man.

[@infiniteeeebull]

Saifedean will go down in history as one of the fathers of the new school of digital economics

[@emasbutt]

Lol,yeah no. He will go down as just another rich crypto bro while real research is done elsewhere.

[@kurtis636]

That is the most coherent and understandable definition of civilization I've ever heard.

[@inversebrah]

enjoyed this interview and learned a lot, thank you both!

[@simonleland2873]

Wow what he says at 9:30... he's basically saying that a large segment of our society is NOT civilized. I think he just hit the nail on the head.

[@kexbeard3161]

Get Tom Woods on podcast! He is great historian, economist and thinker.

[@ArchivingClownWorld]

That would be great

[@jackgrimes6944]

Wow, just wow! This was a wonderful interview. I watched every minute of it and I'm going to watch it again. Thank you both so much for the education.

[@ilikezmonster]

These 4 hours at the office are going to fly by 🔥

[@kamsinmirchandani]

One of the best podcast episodes I've ever listened to, So relevant and so important ! Thank you for this gem!!

[@brettf2]

3:30:30 I like how Saifedean shuts down Lex's wide-eyed "open-minded" philosophy. We should consider direct evidence and arguments rather than a hippyish vibe that everything deserves consideration. "Be open-minded, but not so open-minded that your brain falls out."

[@roadrunner9622]

IMO, open-mindedness is a beginning state that should still lead to a narrowed set of beliefs that accurately align with the truth. Open-mindedness cannot be a perpetual state of never-knowing, of always attributing equal value to every idea and statement.

[@s0bad]

This is the curse of this trend to be positive for the sake of being positive even if it means omission of truth

[@amirtawfik7495]

Brilliant!

[@flemmingsorensen1603]

Amazing interview. Lex abilities to push back in an intelligent way makes it possible for Safidean to shine. ❤

[@robv3872]

Lex you should capture a podcast with Ron Paul!!! He is a pivotal figure in America and it would be a very valuable conversation to archive! You would be a great interviewer with him!!! He is in Texas too!

[@Brad-zw1rr]

"Ethereum is the mother asshole from which the shitcoins spring." 💀

[@vrilmaxxed]

LMFAOO!!!!

[@axellondon5015]

Its the third time I've listened to it.. It's always enlightening to hear Saifedean speak

[@prouter1]

I'm very glad to have discovered this refreshing gentleman, all thanks to your podcast.

[@johnaretos7147]

Best one yet. Love this guy’s perspective on life and the power of Bitcoin and the destructiveness of the fiat system.

[@thefoolishhiker3103]

I’m really happy that you provide this really long format for in-depth conversations with all manner of guests. Allowing yourself the time to probe and challenge the guest and give them the time to fully explain their points is a fantastic service to the world that is lacking in other forms of media. This is the gold standard of podcasting.

[@ArieS1]

Lex thank you for pushing back on some of Saifedeanss answers. Amazing work by both of you, but towards the end I, like Lex, didn't sit right with how polarized and biased Saifedean sounded. I didn't like his attitude towards people who don't agree with him. I am a Bitcoin fan by the way.

[@SteamalbRushu]

I didn't at first too but I got used to it and it's actually very funny and I wouldn't want him to change on that. It also helps to take a strong stance instead of dancing around the topic. Unfortunately it plays against his popularity

[@ytname18]

@@SteamalbRushu it's all nice for podcasting from your basement but at some point you've got to sit with the adults and make decisions that require collaboration.

[@ProgrammingNewbie]

The intro context to MONEY was incredible. People don't think money is needed or the "creation" of money through debt . . . . but then like mentioned the "future" is unknown, so we need to put the value "some where". This is just as important as the division of labor. I also like how Saifedean held his ground about his beliefs and attitude towards Keynes Economics.

[@kbs7340]

The first few words out of Saifedean’s mouth and he’s got me. I am listening to this man. Thank you Lex 💖

[@nobu1730]

what a great guy! i've learned so much in such a short period. thank you lex for an another amazing podcast, much love.

[@logann001]

This guy has really made me think about the problems in the world and how bitcoin is true hope with putting money back into the people's hands

[@dannyarcher6370]

They will one day outlaw it, just like they outlawed gold. I see no way out.

[@logann001]

@@dannyarcher6370 To have an agreement with every country is doubtful let's be honest. Especially when it's legal property in japan and currency in El Salvador, it's just the beginning.

[@dannyarcher6370]

@@logann001 Do Japan and El Salvador have big guns?

[@logann001]

@@dannyarcher6370 No, but russia china, india, Pakistan, France and others have 👍. They cant stop it mate, no matter how much you wish they could. And believe me, when governments introduce CBDCs and control everything you can buy, bitcoin will be the only asset they cant seize, and if you think they can, then you've never studied a decentralized technology. And one day your even buy it, or become controlled, your call I guess. 13 years and getting stronger every day . . .

[@dannyarcher6370]

@@logann001 Now, you're putting words in my mouth. I don't "wish they could". I'm just saying, gold was stopped. BTC is arguably even easier to stop. And I'm not sure what you mean when you say that they can't seize BTC. Governments are already seizing BTC from people far smarter than the person I'm conversing with right now. PS: It appears my point about big guns went straight over your head.

[@owenmcdermott5592]

What an eye-opener! Lex you are a godsend my friend and thanks so much to both of you for this riveting, totally awesome podcast!! I enjoyed every minute of it.

[@thorrin]

Great conversation, the way Saifedean explains things are very concise and to the point.

[@bones23jones]

I love listening to these guys go point counterpoint. Great arguments on both sides.

[@greganastas]

I agree with Saifedean 100%. I'm an educated economist and it took me 10 years, after school, to reverse the brainwashing: harder to unwind is what is never mentioned and given to you as a foundational assumption of truth. Everyone of their (economist) mathematical models brakes down when you use a negative interstate rate, I think about $20 trillion worth globally today. The 120 years before the 1913 creation of the Fed had no inflation and there has never been more economic growth prosperity and quality of life improvements. I think he did miss the point of if you do not have a good store of value other assets (ie homes) become that for you with artificially rases the price and punishes younger generations from trying to acquiring those assets.

[@Atlas_21]

Amazing podcast! You should definitely invite him back on some day!

[@confetticow]

Finally. Amazing timing! Best Bitcoin podcast yet on this channel. Kudos to Saif for a job well done and staying patient explaining these counter intuitive topics. And kudos to lex for listening and not interrupting as much as he usually does. 👏👏👏

[@normalperson7204]

Nothing counter intuitive about it, quite the opposite in fact.

[@sarahschwarz9972]

The genius of Ammous is not only in what he says, rather in what he holds himself back from saying.

[@rui4659]

these are the best 4 hours i dedicated my life to in the last years

[@giovannigaggia8300]

Amazing podcast, thank you Lex and thank you to Michael Saylor for letting me know about this amazing mind known as Saifedean Ammous!!!!

[@Booneface]

Great episode Lex!! I love when you ad supplemental photos on screen to coincide with the info discussed. With your very weighty and varied discussions I would love much more of these.

[@Col-T-Invest]

Saifedean is a legend.

[@zoume675]

I think this interview has to be a mandatory material to every economics student.

[@JoeKazemi]

This guest is the best and most sensible thinker ever when it comes to economics.

[@mhdmazzeh]

Yesss! Saifedean and for more than four hours, this is going to be epic! Thanks Lex

[@ThePigeonEater]

Super interesting as always Lex. Will try to find his books, found myself agreeing with him far more than I expected. This is why I listen to your podcasts. 👍

[@velo1337]

i had to re listen to some parts several times since its so brilliant. learned a lot! cant wait for part 2 :)

[@mtfine]

His books are incredible.

[@ChaRahgung]

Thank you 🙏🏼, this podcast made me think again

[@delatroy]

37:53 contrary to popular belief, diamonds are actually very common. That’s why we can use them in industrial applications like glass cutting 😅 In the consumer market, the value of having a diamond is the perception in creates in others: its brand value

[@ericcamarda3534]

And the DeBeers cartel created artificial scarcity by releasing only a certain number of diamonds into the market every year.

[@mikolowiskamikolowiska4993]

He clarifies

[@bazt2053]

This was a free audiobook 👌 so much to think about.