Can Bitcoin Replace Government-Issued Money? Saifedean Ammous debates George Selgin
"Bitcoin is poorly suited to the purpose of becoming any nation's main medium of exchange."
That was the topic of a public debate hosted by the Soho Forum in New York City on August 12, 2019. It featured George Selgin, director of the Center for Monetary and Financial Alternatives at the Cato Institute, and economist Saifedean Ammous, author of The Bitcoin Standard: The Decentralized Alternative to Central Banking (2018). Soho Forum Director Gene Epstein moderated.
Welcome to the audio podcasting home of Saifedean Ammous and The Bitcoin Standard.When a pseudonymous programmer introduced “a new electronic cash system that's fully peer-to-peer, with no trusted third party” to a small Online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally-accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. Ammous' firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders.
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