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Can Bitcoin Be Money? - George Selgin - CoinSpice Live: Full Interview

George Selgin is a senior fellow and director of the Center for Monetary and Financial Alternatives at the Cato Institute and Professor Emeritus of Economics at the University of Georgia. His research covers a broad range of topics within the field of monetary economics, including monetary history, macroeconomic theory, and the history of monetary thought. He joins us to talk about his recent debate on the prompt of "Can Bitcoin Replace Government-Issued Money" with Saifedean Ammous at the SoHo Forum as well as other monetary and economic topics.

Show Notes:

3:20 Money needs alternatives

4:45 Bitcoin offers competition

6:40 Fiat Money depreciates over time

7:30 Price appreciation is not sufficient for a MoE

10:00 How do layers fit into bitcoin?

14:20 Tremendous network effects

16:00 Central banking bitcoin?

18:40 Bitcoin banking in general

21:00 Networks: gold vs. wampum

24:00 The role of hyperinflation

25:00 Legal tender = demand stimulator

26:00 Network measuring

29:00 The edge and the center

32:20 Venezuela

40:00 Censorship resistance

47:00 Don't confuse investments with money

50:00 Facebook's Libra

58:00 Bank operating hours and why the FED doesn't want you to know about them

Originally published by CoinSpice on October 8, 2019.


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