The Economics of Bitcoin with Daniel J. D’Amico - Bitcoin One On One Episode #2
Channel: David Veksler
Date: 31/10/2021

The Economics of Bitcoin with Daniel J. D’Amico 

Daniel J. D’Amico is the Associate Director of The Political Theory Project and a Lecturer in Economics at Brown University where he teaches and coordinates student programs dedicated to the study of institutions and ideas that make societies free, prosperous, and fair.  

Episode Notes: 

4:00 How governments create perverse incentives in criminal justice by manipulating incentives 
5:56 FA Hayek predicted Bitcoin 
8:15 Why is it important to have money that is not controlled by the government? 
12:20 Business cycles are a phenomenon enabled by fiat money 
13:13 Three problems with fiat money 
15:30 Will all fiat currencies collapse? 
17:00 Does Bitcoin have a secret back door? 
19:20 The "moneyness" of Bitcoin 
24:00 The blockchain as a revolutionary technological innovation 
24:50 Is Bitcoin better than gold? 
26:50 How much of a threat is inflation?
30:45 Why are interest rates so low? 
32:30 Low-interest rates cause business cycles 
34:20 Bitcoin holdings as savings 
36:00 Is Bitcoin a good currency today? 
37:10 How the volatility of Bitcoin decreases with Bitcoin adoptions 
38:50 How Bitcoin will win in the long run 
47:50 What's your strongest criticism of Bitcoin? 
49:40 Why the entire world will soon have access to Bitcoin  
50:30 Will governments shut down Bitcoin? 
53:20 Did China's Bitcoin ban work?