Read_471 - The Speculative Attack [Pierre Rochard]

December 09, 2020 00:44:26
Read_471 - The Speculative Attack [Pierre Rochard]
Bitcoin Audible
Read_471 - The Speculative Attack [Pierre Rochard]

Dec 09 2020 | 00:44:26

/

Hosted By

Guy Swann

Show Notes

"My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will be hyper-bitcoinization." - Pierre Rochard

We are entering a new phase of the Bitcoin game theory. What really happens when the hardest money in the world, encounters hundreds of weak, fiat currencies? What unfolds is a series of feedback loops that drive the bad money out of circulation, and leads to eventual "speculative attacks" on the weaker currencies particularly in conditions with high capital controls, falling reserves, and manipulated interest rates. All conditions that the modern world finds every way they look. Don't miss this amazing blast from the past by Pierre Rochard, predicting the very environment of 2020, back in 2014.

From the ever amazing Nakamoto Institute, Pierre's "Speculative Attack":
https://nakamotoinstitute.org/mempool/speculative-attack/

A huge thank you to the Bitcoin Audible Sponsors:

Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co - The first Free, no-fee exchange & Bitcoin banking services!

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

August 13, 2019 01:44:13
Episode Cover

CryptoChat_019 - Under The Lightning Hood: Resurrection

The crew from the Lightning Hood website and weekly wrap-up are back for another episode chatting all about the developments in Lightning & Bitcoin...

Listen

Episode

September 25, 2024 01:58:47
Episode Cover

Chat_113 - China's Surveillance State, CBDC's, Shifting Paradigms, and the Bitcoin Wildcard with Roger Huang

"Stablecoins are acting in a way where they're bottoms up becoming a country. Countries are trying to reason with it, and the one thing...

Listen

Episode

August 14, 2024 01:48:52
Episode Cover

Read_839 - The Power of Nostr

"In fact, this is the key feature that re-energized me toward Nostr a second time after my initial experience with it. Bitcoin and Nostr...

Listen