Episode notes
"A real comparison between gold & bitcoin is to compare their relative ability to alleviate uncertainty"
Pierre Rochard, VP of research at Riot Platforms Inc, and yes - THAT Pierre, joins me finally, on the Wake Up Podcast to discuss his new piece for The Bitcoin Times, entitled; Bitcoin VS Gold.
Now..this is not just another one of those articles.
This one is short, concise and you WILL take away with you a concept that you may not have thought about before. The difference between uncertainty and risk.
You can find the fill article here on The Bitcoin Times website:
https://bitcointimes.io/bitcoin-versus-gold/
We go on a few tangents in the episode also, but here are the core topics:
- Free Will & Determinism / Austrian Econ & Keyenianism
- Nature VS Nurture
- The difference between uncertainty and risk.
- Money (savings) is how we relieve uncertainty!!
- Inflationism is a policy that dissuades people from holding cash, and there forces them to become short-termist & have high time preference.
- Price is all about risk.
- Savings is how we minimise and manage uncertainty - NOT Risk
- Inflationism is a policy that dissuades people from holding cash, and therefore increases their uncertainty.
Book Recommendation:
William Hut: The Utility of Money
Follow Pierre @BitcoinPierre on Twitter.
Follow Riot at @RiotBlockchain
Pick up a copy of The Bitcoin Times at:
____________________________________
Thanks again for listening.
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