SLP13 – Bitcoin as Ultimate Asset, with Fernando Ulrich, Austrian Economist

Fernando Ulrich is a Brazilian economist, trained in the Austrian school of economic thought. He is a board member of Mises Institute Brazil, and co-host of the Crypto Voices podcast. In this episode, we talk through emerging market currency crises, and his new 5 part article series on Bitcoin as Ultimate Asset.

• Challenges faced when living through currency crises
• Why it’s senseless to spend Bitcoin now
• Contrasting Carl Menger’s view of money with Nick Szabo’s view
• The Medium of Exchange vs Method of Payment concept
• Importance of soundness, resiliency and predictability in money (and bitcoin’s protocol rules)
• The fallacies of “Medium of Exchange” only cryptocurrencies
• Bitcoin as Ultimate Asset

Fernando Ulrich links:

• Twitter: @FernandoUlrich
• Fernando co hosts the Podcast: Crypto Voices
• Fernando’s Youtube: Fernando Ulrich
• Article series:
  • 1. Why money has value and spending Bitcoin is senseless
  • 2. Usability and volatility prevent Bitcoin’s use as a medium of exchange today
  • 3. How Bitcoin attains the status of a good store of value
  • 4. Can cryptocurrencies perdure solely as payment networks?
  • 5. Bitcoin as the ultimate asset

Other articles mentioned:

• Speculative Attack by Pierre Rochard
• On the Origins of Money by Carl Menger
• Shelling Out by Nick Szabo

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