The Fiat Standard W/ Saifedean Ammous - Bitcoin Magazine Podcast

In this episode of the Bitcoin Magazine Podcast, Saifedean Ammous and Nik dive into multiple topics surrounding fiat money — such as the underlying technology behind fiat, the debt standard, fiat states and fiat banking —and discuss Ammous's latest book, "The Fiat Standard."

Understanding how fiat operates in comparison to Bitcoin can be a difficult task. Since Bitcoin is an open-source protocol, it allows anyone and everyone to check its code down to the very last detail. Fiat, on the other hand, is protected by smokescreens that hide its operational methods, with an additional layer of propaganda promoted by people who benefit from it the most.

“So, I started distilling the operation of the fiat standard away from … the means of its promoters and its propaganda that is taught about it in schools, [to] just talking about it operationally: How does it actually work?” Ammous explained in our conversation. “And I’m delighted to announce that it doesn’t work too well.”

Listen to this full episode to learn more about Ammous's outlook on the legacy financial system as well as the details behind his latest book.

Follow Hoffman on Twitter: https://twitter.com/nikcantmine
Follow Ammous on Twitter: https://twitter.com/saifedean

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