200. Bitcoin Mining Economics with Pierre Roc...

Saifedean joins Nick Carey to discuss money as a civilizational force: why mainstream economics has an inflation blind spot, how banks "mine" fiat through credit creation, why the rich hold negative fiat balances to acquire hard assets, and how inflation funds war, corrodes moral ...  Show more

Lecture 17 of Principles of Economics explores the economics of defense as a market good rather than a uniquely governmental function, how law and order emerge through voluntary provision, the failure modes inherent of the state's monopoly over defense & law, and what a free mark ...  Show more

Pierre Rochard joins us in this incredible episode to discuss the case for investing in Bitcoin. Pierre shares insights and thoughts from his years of being in the Bitcoin space, and offers improved ways of thinking about Bitcoin investment. 

Pierre Rochard comes back to the show to do a deep dive into ordinals and the impact of people being able to put NFTs onto the base layer of the Bitcoin protocol. Many people in the space are currently debating whether this is a good thing or a bad thing, and there's no one bette ...  Show more

In this episode, Bitcoin OG Pierre Rochard unpacks the Energy Information Survey's halt, its implications, and the mining community's legal victory. We delve into Pierre's thoughts on Senator Warren's initiative, the collective response, and future steps. The discussion also cove ...  Show more

IN THIS EPISODE, YOU'LL LEARN: How Michael Saylor defines Inflation, risk premiums and hurdle rates The fundamentals of Microstrategy Why he's putting Bitcoin on his balance sheet Why he issued convertible debt to buy more bitcoin How other companies will likely follow suit BOOKS ...  Show more