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Saifedean Ammous

economistuniversity teacher
1 appearance ·5 ideas explored ·Wikipedia ·✓ verified
proof of stakeglobal monetary systemfiat currencyBitcoinenergy consumption

Saifedean Ammous is a Palestinian-Jordanian economist, author, and prominent advocate of Bitcoin. Ammous is best known for his book The Bitcoin Standard (2018), which explains the economics of Bitcoin grounded in the principles of Austrian economics and critiques modern fiat currencies and contemporary economics. He has gained a significant following among Bitcoin enthusiasts, libertarians, and those skeptical of mainstream economic systems.

Across 1 conversation, Saifedean Ammous ranges across proof of stake, global monetary system, fiat currency. Saifedean Ammous argues that fiat currency enables perpetual warfare and economic manipulation. Bitcoin's fixed supply of 21 million coins makes it the 'hardest money' ever, resisting inflation.

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Bitcoin's fixed supply of 21 million coins is contrasted with fiat's inflationary nature, emphasizing its role as a stable value store.
#284Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Ammous argues that proof of stake systems are akin to centralized political systems, lacking the decentralization of proof of work.
#284Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
The dollar's dominance in the global monetary system is critiqued as a form of 'dollar plus country risk,' affecting geopolitical stability.
#284Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Bitcoin's energy consumption is defended as essential for its security, paralleling the energy demands of technological advancements like airplanes.
#284Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
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#284
Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
255 min
Reading list

What they pointed you toward

books

The Bitcoin Standard
by Saifedean Ammous
GoodreadsGoogle Books
The Fiat Standard
by Saifedean Ammous
GoodreadsGoogle Books
The Block Size War
by Jonathan Beer
GoodreadsGoogle Books
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cryptocurrency

proof of stakeglobal monetary systemfiat currencyBitcoinenergy consumption