64. Fiat economic models

06/20/21 • 72 min

This seminar discusses the problems of economic modeling, using examples from environmental, energy, and macro economics. Saifedean explains how his graduate school experience trying to model energy markets led him to appreciate Mises' calculation problem and the problems of complex quantitative predictive models. What are the problems with attempting to quantify economic and environmental impacts of different fuels? Are the models being applied to bitcoin mining useful? As these absurd models bring fear-mongering to bitcoin mining, will they change bitcoin, or will their flimsy foundations be exposed by the kind of people who like to use a technology built on 100% verification and 0% trust?

Links referenced:

Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.

THE BITCOIN STANDARD TOOLKIT/SPONSORS

NYDIG - https://nydig.com

Cyphersafe - https://cyphersafe.io/

OKCoin - https://okcoin.com/

Nodl - https://www.nodl.it/

Coldcard - https://coldcardwallet.com/

CoinBits App - https://coinbitsapp.com/

06/20/21 • 72 min

1 Listener

The Bitcoin Standard Podcast - 64. Fiat economic models

Transcript

[00:03:39] Saifedean Ammous: I think it's a good exposition. I like what Bitcoin is doing in this regard, because it's really forcing people to ask themselves very hard questions about this entire question of environment and sustainability and the environmentalism. And I think it's shaping up to be quite the litmus because first of all, sorry to dissapoint Warren, but she's not going to be able to change a Bitcoin or shut it down.

Although I look forward to her trying, b

Episode Comments

0.0

out of 5

No ratings yet

eg., What part of this podcast did you like? Ask a question to the host or other listeners...

Post

Generate a badge

Get a badge for your website that links back to this episode

Select type & size

Copy