Ep 98: Free Will, Uncertainty & Risk with Pierre Rochard

Episode • Dec 11, 2022 • 1h 1m

"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:

BitcoinTimes.io/Shop

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Thanks again for listening.

Reminder that you can pick up a copy of The UnCommunist Manifesto on Amazon:

https://www.amazon.com/dp/B0B837FN63

You can pick up a copy of The Bitcoin Times from:

https://BitcoinTimes.io